UK's Blackbird 2025 revenue falls, net loss widens on higher amortisation costs

Blackbird

23/03/2026 07:14

Overview

UK cloud video editor's 2025 revenue fell 14% yr/yr, mainly on lost deals and non-recurring sales

Adjusted EBITDA loss narrowed, but net loss widened on higher amortisation and lower financial income

Company raised £2.13 mln to fund elevate.io and ended year with £2.72 mln cash, no debt

Outlook

Company expects Blackbird division to be profitable in 2026, focusing on customer success and retention

Blackbird says recent fundraising will support increased marketing for elevate.io and general working capital

Company is focused on proving elevate.io product-market fit before scaling up operations

Result Drivers

LOST CONTRACTS AND NON-RECURRING SALES - Co said revenue fell mainly due to loss of deals in Blackbird division and absence of one-off revenue from 2024 summer games

HIGHER AMORTISATION COSTS - Net loss widened due to higher amortisation costs from elevate.io, which began in February 2025

Company press release: ID:nRSW5561Xa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Income
-GBP 2.61 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)