BRIGHTCOVE INC
brightcove.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2024 10-Q, filed Nov 12, 2024. Its latest SEC filing is a SCHEDULE 13G/A from May 15, 2025.
10-Q for Q3 FY2024, filed Nov 12, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Provides a video streaming platform and related tools that help media companies monetize content and businesses engage customers and employees.
10-K for FY2023, filed Feb 22, 2024Brightcove Inc., or Brightcove®, is a global leader in cloud-based streaming technology and services with a vision to be the world's most…View ↗
We create technology that helps our customers use streaming video to further their businesses in meaningful ways. We have a core video…View ↗
Brightcove Video Cloud is the world’s leading online video streaming platform. It enables our customers to publish, deliver and distribute…View ↗
We sell our products and services primarily through our global direct sales organization. Our sales team is organized by the following…View ↗
How Did They Make Money?
Customers mainly pay subscription fees for access to Brightcove’s hosted video platform and related support over a contract term. Additional charges can apply when usage exceeds contract limits; professional services are priced by project, time spent, or a retainer.
10-K for FY2023, filed Feb 22, 2024We primarily generate revenue by offering our solutions to customers on a subscription-based, software as a service (SaaS) model. Our…View ↗
The Company’s subscription arrangements provide customers the right to access its hosted software applications. Customers do not have the…View ↗
When the transaction price includes a variable amount of consideration, an entity is required to estimate the consideration that is…View ↗
Contracts with customers that are month-to-month arrangements (volume customers) have a maximum monthly level of usage and provide the rate…View ↗
Professional Services. While our products are easy for customers to use and deploy without any additional specialized services, we offer a…View ↗
$201.2M
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10-K for FY2023, filed Feb 22, 2024
$201.2M ↗
Who Were Their Customers?
Media organizations use Brightcove to stream and monetize content, while businesses use its platform to sell to customers and communicate with employees. Brightcove sells primarily through its direct sales team, with partner channels in the Middle East and India and a broader network of resellers and other partners; some Zencoder products are sold online.
10-K for FY2023, filed Feb 22, 2024We sell our products and services primarily through our global direct sales organization. Our sales team is organized by the following…View ↗
We also generate sales through a comprehensive channel partner program that includes: referral partners, solution partners, managed service…View ↗
Additionally, we sell some of our Zencoder products online through our website.View ↗
We are a global leader in cloud-based streaming technology and services with a vision to be the world's most trusted streaming technology…View ↗
Did Revenues Turn Into Profits?
Not on paper. It lost $22.9M in FY2023, but brought in more cash than it spent: $1.4M of free cash flow.
10-K for FY2023, filed Feb 22, 2024
−$21.6MView ↗
10-K for FY2023, filed Feb 22, 2024
−$22.9MView ↗
10-K for FY2023, filed Feb 22, 2024
$1.4MView ↗
How Were They Changing?
- Net income
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Sources
10-Q for Q3 FY2024, filed Nov 12, 2024
−$3MView ↗
- ▲ +22% (Loss)
- vs −$2.4M in Q3 FY2023
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Feb 4, 2025
Brightcove was acquired and its shares were delisted
The merger closed, Brightcove became a wholly owned subsidiary, and the company requested removal of its common stock from Nasdaq.
Sources
8-K, filed Feb 4, 2025
Pursuant to the Merger Agreement, at the effective time of the Merger (the “Effective Time”), (a) each share of common stock, par value…View ↗
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Nov 25, 2024
Brightcove agreed to be acquired by Bending Spoons
Under the agreement, shareholders were to receive $4.45 in cash for each share.
Sources
8-K, filed Nov 25, 2024
At the effective time of the Merger (the “Effective Time”), (a) each share of common stock, par value $0.001 per share, of the Company (the…View ↗
Grew. Revenue grew 9% in 4 years, from $184.5M in FY2019 to $201.2M in FY2023, about 2% a year.
More enterprise-focused offerings
The latest report describes solutions for marketers and corporate communications teams, including tools tied to marketing technology and employee communications. The older report already listed video marketing and enterprise video suites, but did not describe these specific workflow integrations.
10-K for FY2020, filed Feb 24, 2021 10-K for FY2023, filed Feb 22, 2024We have also brought to market several video solutions, which are suites of video technologies that address specific customer and needs…View ↗
, or Video Marketing Suite, enables marketers to use video to drive brand awareness, engagement and conversion; and (3) Brightcove…View ↗
, or Enterprise Video Suite, provides an enterprise-class platform for internal communications, employee training, live streaming…View ↗
Enterprise Focus. Our commitment to serving our enterprise customers has resulted in new, use-case-based offerings that deliver bespoke…View ↗
Brightcove Marketing Studio™, which is designed to help marketers extend their video strategy by complementing it with their own marketing…View ↗
Brightcove Communications Studio™, which provides marketers and corporate communications professionals with a suite of tools to better…View ↗
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