Brightcove Adds Clients, Reports Increased Profits

Viacom adopts the company's cloud services for digital content delivery

By George Winslow -- Broadcasting & Cable, 11/1/2012 4:47:07 PM

During its third-quarter earnings call Thursday, Brightcove executives reported several new client wins, including Viacom and Discovery International.

The company announced that Viacom had adopted Brightcove cloud services for digital content delivery across platforms and consumer devices. Viacom will also be using Brightcove player technology for Web and mobile distribution at what the company is calling "multiple properties."

In addition, Discovery Networks International has selected the Brightcove App Cloud mobile app platform to develop and manage dual-screen catch-up TV services.

Other new customers included All Nippon Air, Exact Target, Nikon and Yves St. Laurent.

The company reported total revenue for the third quarter of 2012 of $22.1 million, up 32% compared to $16.7 million for the third quarter of 2011.


Gross profit also saw significant improvement to $15.1 million, up from $11.4 million for the third quarter of 2011.

"We are pleased with our strong third quarter results, which once again exceeded our revenue and profitability guidance," Brightcove CEO and chairman Jeremy Allaire noted in a statement. "We believe that we are in the very early stages of a fundamental shift in how digital content is being delivered and consumed. We view this as a significant market opportunity."