Brightcove Q1 revenue $50.5M (+3% YoY), net income $1.6M vs loss, adj EBITDA $5.0M

BRIGHTCOVE INC

2024-Q1 EPS reported $0.04 revenue$50,481,000

Revenue $50.5M, up 3% YoY; subscription & support revenue $48.0M (+2%).
Net income $1.6M ($0.04 diluted EPS) vs net loss of $11.7M ($0.28 loss) in Q1 2023.
Non-GAAP net income $0.5M ($0.01 EPS); adjusted EBITDA $5.0M (10% margin) vs negative $2.7M a year ago.
Cash & equivalents rose $4.3M to $22.9M; free cash flow negative $1.0M vs negative $17.5M in Q1 2023.
CEO highlighted record backlog, record ARPU, and second straight quarter of revenue growth.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BRIGHTCOVE INC reported first quarter ended March 31, 2024 results: revenue $50.5 million, net income $1.6 million, EPS $0.04 per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $50.5 million
Net income: $1.6 million
EPS: $0.04 per diluted share
Result: reported results

Exact text from the filing

meaningful EBITDA and cash flow,” said Marc DeBevoise, Brightcove’s Chief Executive Officer. First Quarter 2024 Financial Highlights: • Revenue for the first quarter of 2024 was $50.5 million, an increase of 3% compared to $49.1 million for the first quarter of 2023. Subscription and support revenue was $48.0 million, an increase of 2% compared to the first quarter of

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Source: SEC EDGAR

accession 0001193125-24-134211

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