Brightcove Third Quarter 2024 Earnings: Beats Expectations

Brightcove (NASDAQ:BCOV) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$50.0m (down 2.0% from 3Q 2023).
• Net loss: US$2.96m (loss widened by 22% from 3Q 2023).
• US$0.066 loss per share (further deteriorated from US$0.056 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Brightcove Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 46%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 9.7% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company's shares are up 11% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Brightcove (including 1 which is concerning).

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