Blackbird PLC Optimistic Despite Revenue Dip

Blackbird PLC (GB:BIRD) has released an update.

Blackbird PLC, a technology company specializing in cloud video editing platforms, reports progress with its product-led growth strategy, highlighting the general release and user adoption of its elevate.io platform. Despite a 30% revenue drop due to deal losses, the company remains optimistic about its future, noting increased user numbers and new board member appointments to help scale the business. The company’s flagship product, Blackbird, continues to be utilized for major sports and news content, with a focus on achieving a break-even point in 2024.

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