Brightcove Announces Financial Results for First Quarter Fiscal Year 2021
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Brightcove (BCOV) Tops Q1 EPS by 5c, Revenues Beat; Offers 2Q & FY21 EPS/Revenue Guidance
April 28, 2021 5:05 PM EDTBrightcove (NASDAQ: BCOV) reported Q1 EPS of $0.15, $0.05 better than the analyst estimate of $0.10. Revenue for the quarter came in at $54.8 million versus the consensus estimate of $53.46 million.
Brightcoves performance in the first quarter further demonstrates that our strategy is working, highlighted by double-digit subscription revenue growth and our best-ever adjusted EBITDA margin, said Jeff Ray, Brightcoves Chief Executive Officer. The proliferation of video is changing the way enterprises, media organizations, and content creators work. Customers choose Brightcove because our video platform provides the reliability, scalability, and security they need to meet multiple critical... More
