Blackbird PLC ( (GB:BIRD) ) has provided an update.
Blackbird PLC reported its audited results for the year ending December 31, 2024, highlighting significant progress with its elevate.io platform, which went on general release in March 2024. The company successfully launched the first payment tier, Creator, in February 2025, marking a shift towards direct-to-consumer sales. This move is expected to drive growth, as evidenced by the doubling of weekly active users following the introduction of vertical video editing. Blackbird’s financial performance improved, with the Blackbird division achieving a positive EBITDA of approximately £0.5 million. Despite a decline in overall revenue due to the loss of a major deal, the company secured new contracts and renewed existing ones, strengthening its position in the video editing industry. The company also joined Innovate UK’s Global Business Innovation Programme, indicating its commitment to innovation and growth.
More about Blackbird PLC
Blackbird PLC is a technology company specializing in cloud-native video editing platforms. It develops and licenses the Blackbird platform, known for its market-leading capabilities in video editing, and elevate.io, an online collaborative video editing and content creation platform. The company focuses on serving the sports and news video creation markets, with a significant presence in global sporting events and partnerships with major news organizations.
YTD Price Performance: 26.32%
Average Trading Volume: 455,861
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £23.22M
See more data about BIRD stock on TipRanks’ Stock Analysis page.