BBSN23 May 2018 10:52
Who said they don't make any money???
ublishers build and engage audiences
Investors in Brave Bison Group plc (LON:BBSN), the digital media and social video specialist, will be heartened by the news its net revenues for the year will come in ahead of forecast at around �9.1mln.
�The group continues to move up the value chain, with an increased focus on production and branded content deals, resulting in higher-margin revenues,� it said in its trading update.
READ: Brave Bison extends relationship with the English Football League
This process has taken a little longer than anticipated, Brave Bison conceded, meaning it will take �somewhat longer� to achieve profitability.
Even so, losses will narrow substantially from the �1.8mln deficit posted in 2016 to around �900,000 for the year just closing (at the EBITDA level).
The 2017 figure that takes into account a �400,000 hit from adverse currency movements, but excludes exceptional items.
More importantly, with around �4.1mln in cash, Brave Bison is funded to reach profitability.
Three prongs to the business
Brave Bison is a digital media specialist that helps brands, content creators and publishers build and engage audiences through the use of media. It has three divisions: Brave Studio; Brave Brand; and Brave Talent.
Brave Studio is the company�s in-house studio that creates original content solutions to help �redefine how people feel about brands�.
Brave Brand has created social media campaigns for a range of companies including Coca Cola and Turkish Airlines.
Brave Talent is a management agency that represents �some of the biggest social influencers in the world�, and matches brands with personalities to generate the most amount of traction.
Among those on its books is J�r�me Jarre, of YouTube fame.
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Ian Lyall
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