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Pin to quick picksBrave Bison Regulatory News (BBSN)

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Trading Update & Notice of Interim Results

26 Jul 2016 07:00

RNS Number : 1888F
Brave Bison Group PLC
26 July 2016
 

Brave Bison Group plc

 

("Brave Bison" or the "Company")

 

Trading Update & Notice of Interim Results

 

Brave Bison Group Plc (AIM: BBSN), the independent Digital Media & Social Video Broadcaster, today issues a trading update for the period from 01 January 2016 to 30 June 2016, in advance of its 2016 Interim Results, expected to be announced on 31 August 2016.

 

Following a successful re-structuring and cost management programme, Brave Bison's performance for the first six months of the year is in line with management expectations. The Company has seen notable evidence of progress with both an acceleration of revenues, and narrowing of adjusted EBITDA* loss.

 

Based on unaudited numbers for the first half of the year:

 

· Net Revenue has increased by 38% year-on-year from £7.0m to £9.7m

· Adjusted EBITDA* loss has reduced by 84% year-on-year from £5.2m to £0.8m.

· At the end of June 2016, the Group had £8.4 million in cash

 

*excludes exceptional items, restructuring costs and share-based payments but includes gains and losses on re-translation of foreign currency monetary balances. For the first half of the year these amounted to a £0.8m gain (2015 £0.2m loss).

 

 

Ashley MacKenzie, CEO of Brave Bison Group Plc, said: "We are delivering well against our plan and have a growing sense of confidence about the future. The business is undergoing a transformation from a third-party technology provider to a social video broadcaster. Following our recent re-launch as Brave Bison, we are now being recognised as a disruptive global digital media company with intellectual property ownership, social talent and scaled distribution on social platforms as core pillars. This makes Brave Bison an attractive partner for global brands to capture the value of online video."

 

 

The Board notes the volatility in the value of the British pound, following the result of the UK referendum on membership of the EU. With approximately 75 per cent of the Group's revenues generated in other currencies the Group's reported results stand to benefit on translation from a weaker British pound. All gains and losses are recognised in profit or loss on translation at the reporting date.

 

 

ENDS

 

 

 

For further information please contact:

 

 

 

Brave Bison Group plc

Ashley MacKenzie (CEO) / Kevin Deeley (CFO)

 

 

via FTI Consulting

Stockdale Securities Limited

Richard Johnson / Andy Crossley

 

Tel: 020 7601 6100

FTI Consulting

Rob Mindell / Antonia Gray

 

Tel: 020 3727 1000

 

 

 

About Brave Bison plc (formerly Rightster Group plc)

Brave Bison is an independent Digital Media & Social Video Broadcaster, proudly working with some of the biggest brands and most followed YouTube and Facebook social creator talent in the world. Clients include Coca Cola, P&G, Microsoft, 20th Century Fox, CNBC, Universal Pictures and Google.

Brave Bison is the largest multi-platform video network in the world outside North America, with headquarters in London, and offices in 7 countries around the world, including France, Germany, Spain, Singapore, India, Australia and the US.

 

Brave Bison makes it simple for Content Owners, Creators, Brands, Publishers and Platforms to unlock the value of online video, whether on a licensed, ad-funded, direct to consumer or paid placement basis.

 

www.bravebison.io

 

Brave Bison Limited (incorporated in England with company number 07634543) has its registered office at 1 Neal Street London WC2H 9QL. Brave Bison Limited is a subsidiary of Brave Bison Group plc (incorporated in England and Wales with company number 08754680).

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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19th Jun 20244:00 pmRNSResult of AGM
19th Jun 20247:00 amRNSAGM Statement
10th Jun 20243:03 pmRNSForm 8.3 - Brave Bison Group PLC
10th Jun 20248:56 amRNSRESPONSE TO RULE 2.8 ANNOUNCEMENT BY BRAVE BISON
10th Jun 20248:56 amRNSForm 8.5 (EPT/NON-RI)
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7th Jun 20248:59 amRNSForm 8.5 (EPT/NON-RI)
6th Jun 202410:10 amRNSForm 8.5 (EPT/NON-RI) - Brave Bison Group PLC
6th Jun 20249:08 amRNSRESPONSE TO REVISED POSSIBLE OFFER ANNOUNCEMENT
5th Jun 20249:40 amRNSForm 8.5 (EPT/NON-RI)
4th Jun 20249:10 amRNSForm 8.5 (EPT/NON-RI)
4th Jun 20249:09 amRNSForm 8.3 - Brave Bison Group PLC
4th Jun 20247:00 amRNSRESPONSE TO REVISED POSSIBLE OFFER ANNOUNCEMENT
3rd Jun 20244:00 pmRNSForm 8.3 - Brave Bison Group PLC
3rd Jun 20243:52 pmRNSUpdate on Possible Offer for Mission
3rd Jun 20241:00 pmRNSForm 8.3 - Brave Bison Group PLC
3rd Jun 20248:52 amRNSForm 8.5 (EPT/NON-RI)
31st May 20242:22 pmRNSForm 8.5 (EPT/NON-RI) - AMENDMENT
31st May 20247:52 amRNSForm 8.5 (EPT/NON-RI)
30th May 20249:56 amRNSForm 8.5 (EPT/NON-RI)
29th May 202410:29 amRNSForm 8.3 - BRAVE BISON GROUP plc
29th May 202410:05 amRNSForm 8.5 (EPT/NON-RI)
28th May 20249:11 amRNSForm 8.5 (EPT/NON-RI)
28th May 20247:00 amRNSForm 8 (OPD) The Mission Group plc
28th May 20247:00 amRNSForm 8 (OPD) Brave Bison Group plc
24th May 20244:04 pmRNSForm 8.3 - Brave Bison Group
24th May 20247:00 amRNSNotice of AGM
23rd May 20247:11 amRNSForm 8.5 (EPT/NON-RI)
22nd May 20245:21 pmRNSForm 8.3 - Brave Bison Group PLC
22nd May 20247:00 amRNSForm 8.5 (EPT/NON-RI)
21st May 20241:47 pmRNSForm 8.3 - Brave Bison Group PLC
21st May 202410:33 amRNSForm 8.5 (EPT/NON-RI)
20th May 202411:21 amRNSForm 8.5 (EPT/NON-RI)
17th May 20245:55 pmRNSForm 8.3 - Brave Bison Group PLC
17th May 20245:50 pmRNSForm 8.3 - Brave Bison Group PLC
17th May 20245:45 pmRNSForm 8.3 - Brave Bison Group PLC
17th May 20248:13 amRNSForm 8.5 (EPT/NON-RI)
16th May 202412:00 pmRNSForm 8.3 - Brave Bison Group PLC
16th May 202411:55 amRNSForm 8.3 - Brave Bison Group PLC
16th May 202411:39 amRNSForm 8.5 (EPT/NON-RI)
15th May 20248:17 amRNSHolding(s) in Company
15th May 20247:00 amRNSResponse re possible offer for The MISSION Group
15th May 20247:00 amRNSForm 8.5 (EPT/NON-RI)
14th May 20243:56 pmRNSForm 8.3 - Brave Bison Group PLC
14th May 20243:33 pmRNSHolding(s) in Company
14th May 20249:31 amRNSForm 8.5 (EPT/NON-RI)
13th May 202412:38 pmRNSForm 8.3 - Brave Bison Group PLC
13th May 20247:00 amRNSResponse to Press Speculation & Possible Offer
13th May 20247:00 amRNSPossible All Share Offer for The Mission Group plc
22nd Apr 20247:00 amRNSFinal Results

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