Each of BBTV's Content Management, Direct
Advertising and Mobile Gaming Apps see revenue increase exceeding
40% year over year in Q1 2022, contributing to overall Plus
Solutions revenue growth exceeding 60% for the quarter
VANCOUVER, BC, May 3, 2022
/CNW/ - BBTV Holdings Inc. (TSX: BBTV) (OTCQX: BBTVF)
(Frankfurt: 64V) ("BBTV" or the
"Company"), the leading creator monetization company with a mission
to help creators become more successful, today is providing a
corporate update highlighting a revenue increase exceeding
40% year over year for each of the Company's Content
Management, Direct Advertising and Mobile Gaming Apps divisions in
Q1 2022. BBTV's overall Plus Solutions revenue growth exceeded 60%
year over year in Q1 2022.
- As highlighted in the Company's prior release on
April 13th, 2022, each of BBTV's Plus
Solutions revenue streams, including Content Management, Direct
Advertising Sales and Mobile Gaming Apps, are ahead of BBTV's
guided 23% sustainable annual revenue growth rate for Plus
Solutions.
- The Company's Plus Solutions growth is driven in part by
strong performance of its Content Management division, which saw
the highest percentage of growth in Q1 2022. BBTV expanded and
deepened key relationships with its leading portfolio of new and
existing Content Management clients throughout the last several
quarters, including the NBA, Sony Pictures, Paramount Global
(formerly ViacomCBS), Riot Games, CMF, and TEGNA among
others.
- Several of BBTV's long-standing Content Management clients
have expanded beyond the offering to more integrated partnerships,
such as the NBA Playmakers basketball culture network formed in
2016, and the Company's recent collaboration with Paramount on the
launch of the Jackass Human Slingshot mobile gaming app.
- The Company has maintained a strong retention rate of over
90% since inception for media company clients within its Content
Management division, illustrating the strength of BBTV's solutions
for some of the most recognized brands in the world.
- The Company's full Financial Statements and MD&A for Q1
2022 will be released in the coming weeks.
"Over the past 17 years, BBTV has built a business that reaches
and engages 600 million people around the globe, and our investment
in Plus Solutions is a core part of our strategy to maximize
high-margin revenue streams for our creators and for the business.
The results of this investment are showing," commented Shahrzad Rafati, Chairperson and CEO, BBTV.
"While Content Management has been a key segment of the business
for more than a decade, providing valuable solutions to some of the
world's largest household media brands, this momentum showcases
promising room for growth and expansion for a reliable re-occurring
revenue stream for BBTV."
BBTV's Content Management solutions include comprehensive Rights
Management and Channel Management. The Company's Rights Management
solutions help media companies and independent content creators
identify, claim, and manage fan uploaded copies of their content to
monetize, collect data, or remove content. Through its Channel
Management solutions, BBTV develops and executes content strategies
and manages official video channels to help media companies grow
highly engaged audiences.
About BBTV
BBTV is a global media and technology company headquartered in
Vancouver, Canada. The Company's
mission is to help content creators become more successful. With
creators ranging from individuals to global media brands, BBTV
provides comprehensive, end-to-end Solutions to increase viewership
and drive revenue powered by its innovative technology, while
allowing creators to focus on their core competency – content
creation. In December 2021, BBTV had
the fourth most unique monthly viewers among digital platforms with
more than 600 million globally, who consumed more than 35 billion
minutes of video content [1]. (www.bbtv.com)
[1] Calculations and
classifications made by BBTV based on data from Comscore's "Top 12
Countries = December 2021 comScore Video Metrix Media Trend –
Multi-Platform – Top 100 Video Properties Report"; Top 12 countries
represent ~50% of world's digital population.
|
Forward Looking
Statements
This press release contains "forward-looking information" and
"forward-looking statements" within the meaning of applicable
securities laws (collectively, "forward-looking information").
Forward-looking information is not information about historical
facts but instead represents the Company's intentions, beliefs,
plans, goals, objectives and strategies regarding future events and
results. Forward-looking information contained in this press
release includes statements that BBTV has provided guidance that
Plus Solutions will have a 23% sustainable annual revenue growth
rate; and that Content Management's growth momentum showcases
promising room for growth and expansion for a reliable re-occurring
revenue stream for BBTV. Forward-looking information is
necessarily based on a number of estimates and assumptions that the
Company considered appropriate and reasonable as of the date such
information is given, including but not limited to the Company's
assumptions that that the Company's current growth plans will not
change in any material respect; that its internal financial
forecasts and models, including its estimates of costs and revenue
are accurate; that its assumptions regarding continued growth,
changes and trends in the Company's industry and the global economy
will be met; that the Company's Plus Solutions revenue will
continue to grow as expected; that the Company will enter into an
increasing number of agreements and initiatives with creators and
other third parties for its Plus Solutions; the timely receipt of
required regulatory approvals and strategic partner support; the
absence of new laws, regulations, rules or policies of governments,
platforms and other strategic partners, that may negatively impact
the business of BBTV; our ability to build our market share, enter
new markets and maintain and expand geographic scope; our ability
to obtain and maintain financing on acceptable terms; as well as
the Company's assumptions regarding foreign exchange rates.
Forward-looking information is subject to known and unknown risks,
uncertainties, and other factors, many of which are beyond the
Company's control, that may cause actual results, performance or
achievements to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to the risk that the Company's assumptions on which its
forward-looking information is based may not be accurate; the
effect of competition; that the Company has a history of losses and
negative cash flow; that the Company's agreements with platforms,
creators or others may terminate early or not be renewed either on
similar terms or at all; that the Company's Plus Solutions may not
continue to be attractive to creators and may not realize our
expectations; the regulatory environment; the Company's reliance on
one digital media platform; the Company's need for additional
financing; litigation risk; intellectual property risks; the
Company's need for timely performance by its creators and strategic
partners; and the impact of the continuing COVID-19 pandemic; as
well as the factors discussed under "Risk Factors" in the Company's
Annual Information Form dated March 29,
2022 and its prospectus dated October
22, 2020, both filed on Sedar at www.sedar.com, and
in the Company's other filings with the Canadian securities
regulatory authorities at www.sedar.com. The Company does
not undertake any obligation to update any forward–looking
information, whether as a result of new information, future events
or otherwise, except as expressly required by applicable law.
Contacts:
Media Relations
Mark Funston
Head of Marketing and PR
778-288-4950
mfunston@bbtv.com
Investor Relations
ir@bbtv.com
Ron Shuttleworth
Partner
Oak Hill Financial Inc
(647)–500–7371
rshuttleworth@oakhillfinancial.ca
BBTV-C
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SOURCE BBTV Holdings Inc.