Lately BBSN has been sharing updates about new partnerships. I am wondering if it’s worth a punt now after these news? Since I’m new so not sure about it...
.JPG)
This might help you decide.
Out this morning.
Brave Bison (LON:BBSN)
Full year results for the twelve months ended 31 December 2018
Financial Highlights
19% increase in revenue to £21.2 million (2017: £17.8 million1), driven by growth in Facebook platform advertising, in line with 2018 strategy
Gross profit has increased in absolute terms, by 33% to £6.5 million (2017: £4.9 million) as a result of the increase in revenue and margin mix
Maiden adjusted EBITDA2 of £0.8 million (2017: £0.9 million loss)
Operating cash inflow for the first time - cash inflow from operating activities of £0.9 million (2017: cash outflow of £1.5 million) and the Group had £5.4 million of cash at the year end
Claire Hungate, Chief Executive Officer, commented:
"2018 has been a transformative year for Brave Bison in terms of our financial results, our market positioning, and the value we have created for shareholders. I am delighted with what we achieved in the year, particularly becoming adjusted EBITDA positive and Tubular Labs listing us as the biggest publisher on Facebook based on views. Looking ahead, while there are challenges of running a digital media business, there are also a lot of opportunities to capitalise on, in a world increasingly dominated by social media and video content."
