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Trading Update

28 Jan 2015 15:30

RNS Number : 4160D
Rightster Group PLC
28 January 2015
 



28 January, 2015

Rightster Group plc("Rightster", the "Group", or the "Company")

Q4 Trading Update

 

Rightster Group plc (LSE AIM: RSTR), the cloud-based global video distribution and monetisation network that simplifies delivery to TV scale audiences in the complex online video market, today provides an update on trading during its financial year to 31 December 2014, together with an update on its new second generation platform.

The Company continues to show strong growth in its online video traffic with average views for Q4 2014 estimated at 1.5 billion, a 25% increase on Q3 2014, where the average monthly video views were 1.2 billion. As a result of this encouraging growth, the Board is confident that it will exceed its previously stated target of achieving over 150% net revenue growth year on year and it is expected that net revenues for the full year to 31 December 2014 will exceed £8.5 million*.

Rightster's new, second generation architecture (2GA) successfully launched live trials in Q4 2014. Selected content producers and publishers started testing new software features that allow users to upload and distribute videos on a completely self-service basis. This beta release has been rolled out to selected customers through January and this will continue to a broader customer base in February and March. The Board expects the full commercial launch to a wide-ranging customer base in April 2015. This new software platform will introduce a tiered pricing model, where users can upgrade to Pro or Enterprise accounts in order to unlock additional features and support. This will enable the Company to benefit from additional revenue streams whilst the automation and self-service tools of the platform will allow Rightster to reduce operating costs.

Rightster will report its full, audited results for the year ended 31 December 2014 in mid April 2014.

* Unaudited

ENDS

For further information visit www.rightster.com or please contact:

 

Rightster Group plc

via Newgate

Niall Dore, CFO

Cenkos Securities plc

Tel: 020 7397 8900

Max Hartley/Mark Connelly (Nomad) / Julian Morse (Sales)

Newgate

Tel: 020 7653 9850

Tim Thompson/Robyn McConnachie

 

 

 

About Rightster Group plc

 

Founded in 2011, Rightster is already the number one global multi-platform network for online video. Rightster's cloud-based software and services platform makes it simple for Content Owners and Creators, Publishers and Aggregators and Brands and Media Agencies to unlock the value of video, whether on a licenced, ad-funded, direct to consumer or paid placement basis. Rightster's network stands at over 1,950 Content Owners and over 7,500 Publishers. The Group now employs 256 staff in 11 offices across 10 countries.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTSESFIAFISEEF
Date   Source Headline
17th Nov 20157:00 amRNSIssue of Equity and Directors' Interests
12th Nov 20155:54 pmRNSDirector/PDMR Shareholding
3rd Nov 20155:41 pmRNSForm 8.3 - Rightster Group PLC
30th Oct 20153:27 pmRNSForm 8 (OPD) - Rightster Group plc
30th Oct 20153:24 pmRNSForm 8.3 - Rightster Group PLC
30th Oct 20151:04 pmRNSForm 8.3 - Rightster PLC
30th Oct 201510:05 amRNSForm 8.5 (EPT/NON-RI)
30th Oct 20159:40 amRNSForm 8.3 - Rightster Group PLC
29th Oct 20154:36 pmRNSForm 8.3 - Rightster Group Amendment RNS 6266D
27th Oct 20155:01 pmRNSForm 8.3 - Rightster Group Plc
27th Oct 20159:10 amRNSForm 8.5 (EPT/NON-RI)
26th Oct 20153:35 pmRNSForm 8.3 -Rightster Group PLC
26th Oct 20157:00 amRNSProposed Board Changes
22nd Oct 20154:55 pmRNSForm 8.3 - Rightster Group Plc
22nd Oct 20153:26 pmRNSForm 8.3 - Rightster Group Plc
21st Oct 201511:23 amRNSForm 8.5 (EPT/NON-RI) [Correction]
20th Oct 20151:27 pmBUSForm 8.3 - Rightster Group Plc
20th Oct 201510:15 amRNSForm 8.5 (EPT/NON-RI)
16th Oct 20155:07 pmRNSRule 2.10 Announcement
16th Oct 20154:05 pmRNSForm 8.3 - [Rightster plc]
16th Oct 201512:32 pmRNSForm 8.3 - Rightster Plc
16th Oct 20157:00 amRNSStrategic review and commencement of offer period
30th Sep 20157:00 amRNSHalf Yearly Report
1st Sep 20153:56 pmRNSIssue of Equity
10th Aug 20159:35 amRNSPartnership Update
4th Aug 20154:27 pmRNSIssue of Equity
4th Aug 20158:28 amRNSRightster partners with Procter & Gamble
28th Jul 20157:00 amRNSTrading Update
7th Jul 20153:39 pmRNSIssue of Equity
1st Jul 201512:15 pmRNSPartnership with Universal Pictures International
23rd Jun 20159:50 amRNSProcter & Gamble partnership deals
17th Jun 20153:44 pmRNSDirector/PDMR Shareholding
26th May 20152:37 pmRNSResult of General Meeting
21st May 20157:00 amRNSContract Win
7th May 20157:01 amRNSFurther re: Proposed Placing
7th May 20157:00 amRNSFinal Audited Results
30th Apr 20156:25 pmRNSProposed Placing
29th Apr 20157:01 amRNSDirectorate Change
17th Apr 201511:28 amRNSContract Win
10th Apr 201510:05 amRNSIssue of Equity
25th Feb 20157:02 amRNSBusiness Update
17th Feb 20157:00 amRNSIssue of Equity
28th Jan 20153:30 pmRNSTrading Update
28th Jan 20153:30 pmRNSDirectorate Change
30th Dec 20147:00 amRNSDirector/PDMR Shareholding
23rd Dec 201411:51 amRNSIssue of Equity
15th Dec 20147:00 amRNSAppointment of New CFO
2nd Dec 20144:16 pmRNSIssue of Equity
21st Nov 20143:05 pmRNSRightster Partners With Sony Music Entertainment
7th Nov 20147:00 amRNSQ3 2014 Business Update

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