Proactive Investors - Run By Investors For Investors

Brave Bison to post first profit since listing as ad and distribution sales soar

The social video firm expects to report positive annual earnings for the first time since the group was admitted to AIM in 2013
Brave Bison to post first profit since listing as ad and distribution sales soar
Brave Bison helps organisations build and engage audiences through the use of media

Brave Bison Group PLC (LON:BBSN) expects to deliver positive annual earnings after saying trading during 2018 had been ahead of its expectations, boosted by increased advertising and distribution revenues.

The digital social video firm on Wednesday said it would deliver double-digit percentage revenue growth for 2018 and that full-year adjusted earnings (EBITDA) were expected to be positive for the first time since the group was admitted to AIM in 2013.

READ: Brave Bison to post its first profit this year since coming to market

“2018 is on track to be a year of real progress, which we expect to be reflected in an improved financial performance when we announce our results. Revenues are growing, our full-year EBITDA will be positive for the first time since the group came to market and we expect to be cash flow positive,' Claire Hungate, Brave Bison’s CEO said in a statement.

“Our APAC operation continues to demonstrate creative ideation, execution and delivery, winning them repeat business and retained relationships with major household brands,” she added.

Brave Bison said going forward, it would focus on growing its owned and operated portfolio of multi-platform channel brands and push its 'strategic partnerships' model.

The company, which works with organisations to help them build and engage audiences through the use of media, also intends to license its owned intellectual property to third parties and grow its APAC distribution business.

Brave Bison shares were 8.8% up at 1.85p in mid-afternoon trade.

View full BBSN profile View Profile

Brave Bison Timeline

Related Articles

Data stream
November 28 2018
The firm recently reported wider margins and a narrowed loss in its first half, with chairman John O'Hara saying the company was expecting to enter profitability in the full 12 months
fda button
September 24 2018
Instem generated revenues of £10.5mln (H1 17: £10.3mln) in the opening six months of 2018, reporting a profit before tax of £0.1mln (H1 17: loss of £0.6mln)
mobile payment
June 22 2018
MySQUAR wants to beef up the mobile payments side of its operations in anticipation of a surge in demand for those services in a country where only 20% of the adult population have a bank account

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use