Brightcove Inc. Announces Jump Start for Apple TV
Sep 9 15
Brightcove Inc. announced Brightcove Jump Start for Apple TV, a new service offering to enable publishers to quickly launch video apps on the fourth-generation Apple TV. For a limited time, starting at USD 10,000, the new Jump Start offering builds on Brightcove’s existing expertise and history of delivering and monetizing a range of beautiful video experiences on the Apple TV platform and across the Apple ecosystem. Jump starting content on the fourth-generation Apple TV. The new Brightcove Jump Start for Apple TV offers publishers a solution to quickly build and go-to-market with a rich consumer video experience on Apple TV. Jump Start connects the Video Cloud platform with the new Apple TV and features: Creation of a living room video experience optimized for Apple TV® and customized to the content owner’s brand; Access to Brightcove’s world-class consulting team to advise on Apple TV® and Brightcove technology strategy, best practices, and design, drawn from expertise in powering Apple TV experiences; and Video experience powered by Video Cloud's video services for content management, high-performance playback, and analy tics. In addition to the Jump Start service, Brightcove’s existing Apple TV capabilities include: DRM protection of premium content - Brightcove is one of only six companies approved by Apple to deliver content using their FairPlay Streaming (FPS) digital rights management (DRM) format. Brightcove also enables delivery of non-DRM or “clear” content to Apple TV through Video Cloud, the company’s online video platform service, and through Once, the company’s server-side ad insertion service; TV-like ad-supported user experience - Brightcove enables content owners to monetize premium content through server-side insertion of pre-roll, mid-roll, or post-roll ads via Brightcove Once. By stitching ads into video content in the cloud, Brightcove delivers seamless, high performance playback of ad-supported content to end users; AirPlay support for video - For media publishers who do not have Apple approved apps on the Apple TV, Brightcove enables them to use Apple AirPlay to wirelessly stream content from their iOS device to the Apple TV. Brightcove Video Cloud transcodes content for playback on iOS devices that may be streamed over AirPlay to enable the mobile-to-Apple TV experience. For content owners already on Apple TV, AirPlay support allows them to maximize the Apple device ecosystem; Powerful iOS SDK - Deployed by the publishers around the world, the Brightcove iOS SDK enables developers to quickly create video experiences on iOS devices. With the release of the new Apple TV and tvOS (based on iOS), Brightcove will update the Brightcove iOS SDK as the new hardware and operating system becomes available for development; and Modular online video services - Brightcove enables delivery to Apple TV with Video Cloud, the cloud service for video ingest, publishing, playback, content management, and analytics, Brightcove Once, server-side ad insertion product, and Zencoder. Through Brightcove’s modular approach, customers have the flexibility to choose one - or all - of Brightcove’s video services to support their existing infrastructure and workflow. For a limited time, Jump Start packages will start at just USD 10,000. The Jump Start package is designed to help customers rapidly launch video apps on Apple TV.
Brightcove Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and for the Full Year 2015
Jul 30 15
Brightcove Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $32,848,000 against $31,003,000 a year ago. Loss from operations was $3,151,000 against $3,977,000 a year ago. Loss before income taxes and non-controlling interest in consolidated subsidiary was $3,580,000 against $4,271,000 a year ago. Net loss was $3,646,000 or $0.11 per basic and diluted share against $4,327,000 or $0.13 per basic and diluted share a year ago. Non-GAAP loss from operations was $964,000 against $1,095,000 a year ago. Non-GAAP net loss attributable to common stockholders was $1,459,000 or $0.04 per basic and diluted share against $1,445,000 or $0.04 per basic and diluted share a year ago. Adjusted EBITDA was $620,000 against $173,000 a year ago. The revenue and the performance in the quarter is due to the timing of renewals for certain customers. These customers' renewals slipped out of the second quarter and were renewed or extended in the first week of the third quarter.
For the six months, the company reported total revenue of $65,733,000 against $62,108,000 a year ago. Loss from operations was $5,692,000 against $8,635,000 a year ago. Loss before income taxes and non-controlling interest in consolidated subsidiary was $6,345,000 against $9,041,000 a year ago. Net loss was $6,477,000 or $0.20 per basic and diluted share against $9,164,000 or $0.29 per basic and diluted share a year ago. Net cash provided by operating activities were $431,000 against net cash used in operating activities of $4,210,000 a year ago. Purchases of property and equipment were $2,441,000 against $1,487,000 a year ago. Capitalization of internal-use software costs was $336,000 against $875,000 a year ago. Non-GAAP loss from operations was $1,248,000 against $1,417,000 a year ago. Non-GAAP net loss attributable to common stockholders was $2,033,000 or $0.06 per basic and diluted share against $1,946,000 or $0.06 per basic and diluted share a year ago. Adjusted EBITDA was $1,975,000 against $958,000 a year ago.
For the third quarter, revenue is expected to be in the range of $32.9 million to $33.4 million. Non-GAAP loss from operations is expected to be in the range of $0 to $500,000, which excludes stock-based compensation, the amortization of acquired intangible assets and merger-related expenses totaling approximately $2.4 million. Adjusted EBITDA is expected to be in the range of $1.1 million to $1.6 million, which excludes stock-based compensation, the amortization of acquired intangible assets, merger-related expenses, depreciation expense, other income/expense and taxes totaling approximately $4.0 million. Non-GAAP net loss per diluted share is expected to be $0.01 to $0.03, assuming approximately 32.6 million shares outstanding.
For the full year 2015, revenue is expected to be in the range of $132.5 million to $133.5 million. Full year revenue is being impacted by $4.2 million due to foreign exchange rate fluctuations. The company anticipates professional services will be approximately $1 million per quarter for the remainder of the year. Non-GAAP loss from operations is expected to be in the range of $500,000 to $1.5 million, which excludes stock-based compensation, the amortization of acquired intangible assets and merger-related expenses totaling approximately $9.2 million to $9.6 million. Adjusted EBITDA is expected to be in the range of $5.0 to $6.0 million, which excludes stock-based compensation, the amortization of acquired intangible assets, merger-related expenses, depreciation, other income/expense and taxes totaling approximately $16.5 million to $16.9 million. Non-GAAP net loss per diluted share is expected to be $0.06 to $0.09, assuming approximately 32.6 million shares outstanding. The company estimating free cash flow of $0 to $2 million for the full year.
Brightcove Inc. Announces General Availability of Brightcove Audience
Jul 29 15
Brightcove Inc. announced general availability of Brightcove Audience, a new feature in the Brightcove Video Marketing Suite (VMS) that connects video analytics directly into Oracle Eloqua and Marketo marketing automation platforms, captures leads, and translates video engagement data into contact tracking, lead scoring, and customer segmentation. This feature allows marketers to achieve better results by turning their video content into highly-effective lead capture assets. The Brightcove integration is certified by Oracle and is available in Oracle Cloud Marketplace. Marketo customers can access the Brightcove integration in Marketo LaunchPoint. Benefits for marketers include: Lead capture in the video player - Brightcove Audience gives marketers the ability to configure and add lead forms into the video player to capture lead information before, during or after the viewing session. This feature turns the most engaging piece of marketing content into a highly-effective lead generation asset. Track engagement from any video player location - Audience includes the critical ability to capture leads and track video engagement data from any location where a Brightcove player is embedded, whether on a company website, marketing landing pages, or third-party sites. Insight on audience engagement with data and analytics - Audience associates video engagement data, such as name of video, percent watched, and who watched it, with a specific contact record and sends it to Oracle Eloqua or Marketo to inform lead scoring, segmentation, nurturing, and sales and marketing follow-up. Unlike simply tracking the download of a PDF or whitepaper, tracking video engagement reveals how much of the content a contact consumed. Integration with Gallery for page level insight - When used with Gallery, Brightcove’s video portal publishing tool, Audience enables marketers to track page level analytics to understand how individual contacts interact with all video content throughout the customer journey. This information also connects with marketing automation platforms to provide a broad view of the customer interaction and complements data from specific videos.