Blackbird PLC (GB:BIRD)
LSE:BIRD
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Blackbird PLC
(LSE:BIRD)
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Rating:52Neutral
Price Target:
2.00 p
▼(-14.89% Downside)
Action:ReiteratedDate:04/22/26
The score is held back primarily by weak fundamentals—multi-year revenue decline, persistent losses, and ongoing cash burn—partly offset by a low-debt balance sheet that lowers financial risk. Technical indicators are moderately supportive, but valuation remains constrained by negative earnings and no dividend data.
Positive Factors
Recurring SaaS Revenue Model
A subscription/licence-based SaaS model creates durable recurring revenue and predictable contract lifecycles. For media customers this supports retention and upsell potential, enabling longer-term planning and reinvestment in product and enterprise sales capacity over months to years.
Negative Factors
Multi-year Revenue Decline
Sustained top-line contraction indicates persistent demand or execution challenges. Continued revenue decline undermines scale economics, reduces available cash for R&D and sales, and makes it harder to convert a subscription base into sustainable, long-term revenue growth without structural fixes.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring SaaS Revenue Model
A subscription/licence-based SaaS model creates durable recurring revenue and predictable contract lifecycles. For media customers this supports retention and upsell potential, enabling longer-term planning and reinvestment in product and enterprise sales capacity over months to years.
Read all positive factors
Blackbird PLC (BIRD) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£11.05M
Dividend YieldN/A
Average Volume (3M)783.50K
Price to Earnings (P/E)―
Beta (1Y)0.10
Revenue Growth-13.88%
EPS Growth-3.28%
CountryUK
Employees41
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding480,271,500
10 Day Avg. Volume312,296
30 Day Avg. Volume783,503
Financial Highlights & Ratios
PEG Ratio-2.26
Price to Book (P/B)1.40
Price to Sales (P/S)6.99
P/FCF Ratio-6.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Blackbird PLC Business Overview & Revenue Model
Company Description
Blackbird plc develops and operates a cloud-based video editing and publishing platform under the Blackbird name in the United Kingdom, rest of Europe, North America, and internationally. The company's platform is used for video viewing, editing, ...
How the Company Makes Money
Blackbird primarily makes money by licensing its software on a recurring basis (typically subscription/SaaS) to organizations that need browser-based, cloud video editing and related workflow capabilities. Revenue is generated from (1) platform su...
Blackbird PLC Earnings Call Summary
Earnings Call Date:Sep 29, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Sep 14, 2026
Earnings Call Sentiment Neutral
The earnings call presented a balanced view with significant engagement growth and positive financial milestones, yet faced challenges with high churn and slow conversion to paid subscribers. The company is focused on aligning its strategies to improve these metrics.Positive Updates
Significant User Engagement Growth
Since launch, there has been an 81% increase in engagement, indicating a growing interest and interaction with the product.
Negative Updates
High Churn Rate
The company acknowledged churn as a focus area, with a need to improve retention through better features and alignment with the ICP.
Read all updates
Q2-2025 Updates
Positive
Negative
Significant User Engagement Growth
Since launch, there has been an 81% increase in engagement, indicating a growing interest and interaction with the product.
Read all positive updates
Company Guidance
During the call, Blackbird plc provided comprehensive guidance, focusing on its current stage of product market fit, which is expected to continue into 2026 before transitioning into a scale-up phase. The company reported having 110,000 signed-up users for its product, Elevate, with nearly 700 converted into paid subscribers. Retention and engagement metrics showed 1,450 returning users in August and an 81% increase in user engagement since launch. Financially, the company highlighted a 21% improvement in cash management, reducing cash burn to GBP 1.5 million for the half-year and generating GBP 600,000 in revenue. Additionally, Blackbird plc achieved EBITDA positivity for the first time in H1 2025. A recent GBP 2.1 million fundraise was noted to support continued product development efforts. The company emphasized its unique position as a publicly traded entity in the UK, navigating a phase traditionally undertaken by private companies in the US, which presents both challenges and opportunities for substantial long-term returns.Blackbird PLC Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
67
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.38M | 1.61M | 1.94M | 2.85M | 2.07M |
| Gross Profit | 201.17K | 1.47M | 1.23M | 2.70M | 1.91M |
| EBITDA | -1.77M | -1.93M | -2.01M | -1.48M | -1.70M |
| Net Income | -2.61M | -2.35M | -2.49M | -1.92M | -2.13M |
Balance Sheet | |||||
| Total Assets | 7.72M | 8.44M | 9.90M | 12.53M | 14.72M |
| Cash, Cash Equivalents and Short-Term Investments | 2.72M | 3.77M | 6.47M | 10.10M | 12.84M |
| Total Debt | 0.00 | 0.00 | 29.23K | 123.57K | 213.05K |
| Total Liabilities | 783.66K | 897.20K | 1.11M | 1.33M | 1.78M |
| Stockholders Equity | 6.93M | 7.55M | 8.80M | 11.20M | 12.94M |
Cash Flow | |||||
| Free Cash Flow | -1.45M | -4.12M | -3.58M | -2.73M | -1.40M |
| Operating Cash Flow | -1.44M | -2.40M | -1.83M | -2.17M | -887.63K |
| Investing Cash Flow | -1.56M | 567.85K | 127.09K | -675.54K | -3.03M |
| Financing Cash Flow | 1.96M | 1.02M | -50.18K | -92.13K | 7.66M |
Blackbird PLC Technical Analysis
Positive
2.35
Price Trends
2.14
Positive
2.27
Positive
2.45
Negative
Market Momentum
0.08
Negative
64.82
Neutral
69.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BIRD, the sentiment is Positive. The current price of 2.35 is above the 20-day moving average (MA) of 1.98, above the 50-day MA of 2.14, and below the 200-day MA of 2.45, indicating a neutral trend. The MACD of 0.08 indicates Negative momentum. The RSI at 64.82 is Neutral, neither overbought nor oversold. The STOCH value of 69.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:BIRD.
Blackbird PLC Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £14.51M | 2.03 | 28.74% | 5.18% | 0.70% | 37.35% | |
69 Neutral | £54.02M | -76.52 | -0.75% | 7.26% | 8.00% | -253.45% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | £11.05M | -2.50 | -34.87% | ― | -13.88% | -3.28% | |
48 Neutral | £11.31M | -2.98 | -32.23% | ― | -7.72% | 54.13% | |
47 Neutral | £54.92M | -3.17 | -17.65% | ― | -1.09% | -6.65% | |
43 Neutral | £3.98M | -1.59 | -389.90% | ― | -15.73% | 14.89% |
* Technology Sector Average
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Blackbird PLC Corporate Events
Business Operations and StrategyProduct-Related Announcements
Blackbird embeds Epidemic Sound library into elevate.io to bolster creator-focused video platform
Positive
Apr 8, 2026
Blackbird plc, the AIM-quoted cloud video specialist behind the Blackbird editing suite and elevate.io collaborative platform, is deepening its role in the creator and media ecosystem by integrating third-party services into its browser-based tool...
Other
Blackbird Executive Chair Increases Stake in Cloud Video Editing Specialist
Positive
Mar 25, 2026
Blackbird plc, a specialist in cloud-native video editing and collaborative content creation tools, serves broadcasters, rights holders, sports and news producers, live events, post-production houses and corporate customers, and also licenses its ...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Blackbird leans on elevate.io as cloud video pivot deepens despite wider loss
Neutral
Mar 23, 2026
Blackbird plc reported audited results for 2025 that underline a strategic pivot toward elevate.io, its cloud-native, browser-based collaborative video editor aimed at marketing teams and professional creators. While the legacy Blackbird division ...
Business Operations and StrategyFinancial Disclosures
Blackbird sets March dates for 2025 results and investor presentation
Positive
Feb 16, 2026
Blackbird plc will publish its final results for the year ended 31 December 2025 on 23 March 2026, providing investors with an update on performance across its cloud-native video editing and content creation platforms. Management will follow this ...
Business Operations and StrategyProduct-Related Announcements
Blackbird launches tiered pricing and annual plans for elevate.io to support scale-up push
Positive
Feb 2, 2026
Blackbird plc has introduced a new tiered pricing structure and annual billing options for its browser-based collaborative video editing platform elevate.io, following engagement with its initial ideal customer profiles. The model now comprises a ...
Regulatory Filings and Compliance
Blackbird plc Confirms Total Voting Rights at 480.3 Million Shares
Neutral
Jan 30, 2026
Blackbird plc has confirmed that its issued share capital comprises 480,271,528 ordinary shares of 0.8 pence each, with one voting right per share and no shares held in treasury, establishing the total number of voting rights in the company at the...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.