Brave Bison Group plc (AIM: BBSN), the social video company, today announces its audited full-year results for the twelve months ended 31 December 2018.Financial Highlights

19% increase in revenue to £21.2 million (2017: £17.8 million

1), 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 EBITDA

2 

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

Operational Highlights

Secured multiple new brands and retained and expanded existing customer relationships across APAC and UK

Ranked as the Biggest Media and Entertainment Publisher in the World 2018 by Tubular Labs Video Aces Award for digital publishers

Ended 2018 as biggest Facebook publisher globally based on views and has the single biggest page on Facebook in Viral Trnd

Won the Digiday Award for best branded content campaign for SEGA Football Manager on Slash Football

Launched two new cross-platform channels, Mutha and Perk, across a range of social channels

Partnership with United Nations Environment Programme secured for Mutha

Grew APAC teams following appointment of new General Manager APAC new hires in Indonesia and South Korea

Featured in the London Stock Exchange 1,000 Companies to Inspire Britain report

Post Period

Top Facebook page in the world, Viral Trnd, re-branding to V Trnd, to create a viable home for branded content and dotcom launching in April

Meow channel re-launched on Facebook

Engaged Ingenuity, a lead generation and marketing company to drive new business in 2019 and beyond

BBC Instagram campaign won for Body Positive season

Appointment of new Commercial Director, Brian Murnin – ex Vice and Warner Music

APAC content wins include multiple Lego productions, Jaguar Landrover projects and new work for SK-II in Japan

1. Revenues restated as a result of the adoption of IFRS 15 (“Revenues from Contracts with Customers”), see Note2. Adjusted EBITDA excludes restructuring costs and share-based payments

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.”For the Full-Year Report for 2018, please click here.