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Brightcove Inc. (BCOV)
NASDAQ:BCOV
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.01Last Year’s EPS
$0.04Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 104.67%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive outlook for Brightcove, with several financial metrics exceeding guidance and strategic initiatives showing promise, particularly with the AI suite launch. However, some challenges persist with year-over-year revenue decline and reduced retention rates.Company Guidance
During Brightcove's Q3 2024 earnings call, management provided an optimistic outlook with several key financial metrics demonstrating strong performance. Total revenue for the quarter reached $49.9 million, surpassing the guidance range of $48 million to $49 million, and adjusted EBITDA was $5.1 million, significantly exceeding the high end of the guidance range of $2.5 million to $3.5 million. The company's free cash flow was $1.6 million, contributing to a cash balance increase to $27 million, up by $8 million since the start of the year. Based on these results, Brightcove raised its full-year guidance, with the top end of its revenue range now $700,000 above the initial forecast. The company also noted a record annualized revenue per premium customer (ARPU) of $101,400, up 6% from the previous year. Looking ahead, Brightcove anticipates a reduction in entitlement downgrade pressures in 2025 and targets at least 10% growth in adjusted EBITDA and free cash flow, underscoring its commitment to profitability and strategic growth.Exceeding Financial Guidance
Total revenue for Q3 was $49.9 million, above the guidance range of $48 million to $49 million. Adjusted EBITDA was $5.1 million, significantly above the guidance range of $2.5 million to $3.5 million.
Improved Cash Position
Free cash flow of $1.6 million was generated, increasing the cash balance to $27 million, up $8 million since the beginning of the year.
Strategic Progress and New Deals
New business in Q3 was up over 50% quarter-over-quarter and up 20% versus the trailing 4 quarters average. Notable enterprise and media sector deals included customers like CW network and premier La Crosse League.
Launch of Brightcove AI Suite
Announced Brightcove's AI suite with 5 pilot products and over 50 customers signed for testing. Commercialization expected in early 2025.
Increased ARPU
Annualized revenue per premium customer reached a record $101,400, up 6% over Q3 2023.
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BCOV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BCOV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $2.14 | $2.55 | +19.16% |
| Aug 07, 2024 | $2.13 | $2.15 | +0.94% |
| May 08, 2024 | $1.89 | $1.93 | +2.12% |
| Feb 22, 2024 | $2.20 | $1.86 | -15.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Brightcove Inc. (BCOV) report earnings?
Brightcove Inc. (BCOV) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Brightcove Inc. (BCOV) earnings time?
Brightcove Inc. (BCOV) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BCOV EPS forecast?
BCOV EPS forecast for the fiscal quarter 2024 (Q4) is -$0.01.
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