Last checked at 28 Jan 2015 15:30
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.