Brightcove

OverviewSuggest Edit

Brightcove is a provider of cloud content services that offers a suite of products used to publish, distribute, and monetize professional digital media. Its products include Video Cloud, an online video platform, Video Marketing Suite, a suite of video technologies designed to address the needs of marketers, and Enterprise Video Suite, a platform for internal communications, employee training, live streaming, marketing and ecommerce videos. The company also develops Zencoder, a cloud-based video encoding service, Player, a cloud-based service for creating and managing video player experiences, and Beacon, an app that enables companies to deliver and launch OTT (over-the-top) video experiences across mobile, web, smart TVs, and connected TVs.

TypePublic
Founded2004
HQBoston, MA, USMap
Websitebrightcove.com
Employee Ratings4.1More
Overall CultureDMore
View Jobs (97)

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Latest Updates

Employees (est.) (Mar 2020)621(+2%)
Job Openings97
Revenue (FY, 2020)$197.4 M(+7%)
Share Price (Jul 2021)$11.5(+2%)
Cybersecurity ratingCMore

Key People/Management at Brightcove

Jeff Ray

Jeff Ray

CEO & Director
Robert Noreck

Robert Noreck

EVP & Chief Financial Officer
Jennifer Smith

Jennifer Smith

Chief Marketing Officer
Rick Hanson

Rick Hanson

Chief Revenue Officer
David Plotkin

David Plotkin

Chief Legal Officer
Denise Grimley

Denise Grimley

Chief Customer Experience Officer
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Brightcove Office Locations

Brightcove has offices in Boston, New York, Sydney, Mumbai and in 6 other locations
Boston, MA, US (HQ)
290 Congress St
New York, NY, US
980 6th Ave
Sydney, AU
Level 17, 1 Margaret Street
Mumbai, IN
1102, 11th Floor, Peninsula Business Park, Tower B, Lower Parel
Minato-ku, JP
PMO Tamachi 9F 5-31-17 Shiba, Minato-ku
Seoul, KR
17F, 83 Uisadang-daero, Yeoeuido-dong, Yeongdeungpo-gu
Show all (10)

Brightcove Financials and Metrics

Brightcove Revenue

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Brightcove's revenue was reported to be $197.35 m in FY, 2020
USD

Revenue (FY, 2020)

197.4m

Gross profit (FY, 2020)

121.3m

Gross profit margin (FY, 2020), %

61.4%

Net income (FY, 2020)

(5.8m)

EBIT (FY, 2020)

(5.3m)

Market capitalization (30-Jul-2021)

468.1m

Closing stock price (30-Jul-2021)

11.5

Cash (31-Dec-2020)

37.5m

EV

440.5m
Brightcove's current market capitalization is $468.1 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

150.3m155.9m164.8m184.5m197.4m

Revenue growth, %

12%4%6%

Cost of goods sold

55.8m64.6m66.6m75.5m76.1m

Gross profit

94.4m91.3m98.2m109.0m121.3m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

37.6m38.8m39.5m41.2m41.7m41.1m41.8m47.6m47.4m46.7m47.9m49.1m

Cost of goods sold

15.2m16.6m16.5m17.2m16.6m16.3m16.7m21.6m18.3m18.6m19.9m18.1m

Gross profit

22.4m22.2m23.0m24.0m25.0m24.8m25.1m26.0m29.1m28.0m28.0m31.0m

Gross profit Margin, %

59%57%58%58%60%60%60%55%61%60%58%63%
show all
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

36.8m26.1m29.3m22.8m37.5m

Accounts Receivable

21.6m25.2m23.3m31.2m29.3m

Prepaid Expenses

3.7m4.0m4.9m5.2m5.8m

Current Assets

64.3m58.4m64.5m65.8m85.5m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

29.2m28.4m22.1m26.4m27.5m26.9m28.9m21.2m22.6m32.1m27.8m30.3m

Accounts Receivable

22.4m23.2m26.3m27.4m25.9m24.0m25.2m33.6m31.5m27.3m26.8m32.2m

Prepaid Expenses

5.2m4.7m4.2m5.3m5.6m4.5m5.9m6.4m5.7m7.6m9.0m6.9m

Current Assets

59.8m59.0m55.5m67.1m66.4m62.8m67.1m69.5m66.6m74.3m71.9m80.3m
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(10.0m)(19.5m)(14.0m)(21.9m)(5.8m)

Depreciation and Amortization

7.8m7.3m6.8m8.4m8.7m

Accounts Payable

733.0k1.8m1.2m1.7m1.0m

Cash From Operating Activities

11.1m(6.4m)2.6m2.7m21.3m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(5.1m)(12.8m)(18.1m)(2.3m)(7.9m)(11.4m)(5.0m)(12.2m)(15.2m)(7.9m)(9.1m)(7.8m)

Depreciation and Amortization

1.7m3.7m5.6m1.6m3.4m5.2m1.7m3.9m6.2m2.4m4.4m6.5m

Accounts Payable

695.0k4.0m2.0m(128.0k)924.0k(1.3m)715.0k58.0k2.6m2.4m2.0m104.0k

Cash From Operating Activities

(6.6m)(6.7m)(11.7m)935.0k254.0k(234.0k)263.0k(3.9m)629.0k2.4m5.3m8.9m
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USDFY, 2016

Revenue/Employee

324.9k

Financial Leverage

1.7 x
Show all financial metrics

Brightcove Operating Metrics

Brightcove's Customers was reported to be 3.8 k in FY, 2018.
FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Customers

6.32 k5.77 k5.05 k4.57 k4.17 k3.78 k

Countries

707575757080

Patents Issued

153138445253

Patent Applications

223637322621
Show all operating metrics

Brightcove Acquisitions / Subsidiaries

Company NameDateDeal Size
OoyalaFebruary 13, 2019$15 m
Unicorn MediaJanuary 31, 2014
ZencoderJuly 26, 2012$30 m
MetaStoriesMarch 20, 2006
Brightcove Australia Pty Ltd
Brightcove FZ-LLC
Brightcove Holdings, Inc.
Brightcove India Pte. Ltd.
Brightcove K.K.
Brightcove Korea
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Brightcove Revenue Breakdown

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Brightcove revenue breakdown by business segment: 8.4% from Professional Services and Other and 91.6% from Subscription and Support

Brightcove revenue breakdown by geographic segment: 15.6% from Asia Pacific, 13.3% from Japan, 16.8% from Europe, 53.9% from North America and 0.3% from Other

Brightcove Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

Learn more about our premium products
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Brightcove Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Brightcove Online and Social Media Presence

Brightcove's Trends

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Brightcove Company Culture

  • Overall Culture

    D

    59/100

  • CEO Rating

    F

    48/100

  • Compensation

    C+

    69/100

  • Diversity

    D-

    52/100

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Brightcove News and Updates

June 22, 2021

Brightcove and ByteArk Bring Superior New Media and OTT Technologies to Customers in Thailand

The new partnership enables customers to deliver seamless viewer experiences to audiences across devices in a reliable, scalable, and secure wayread more
May 04, 2021

Brightcove Powers Studio Mojos Independent Malayalam Over-The-Top (OTT) Service, Koode

South India’s most extensive video content network, Koode, leverages Brightcove’s market-leading video technology to power the streaming experience for Malayali audiences.read more
February 09, 2021

Video Streaming Market: Presence of Strong and Diverse Portfolio to Help Brightcove Inc. in Holding Dominance

List of Key Players for Video Streaming Market:- Wowza Media Systems, LLC, Walt Disney Company, Tencent, Roku, Inc., Netflix, Inc., Kaltura, Inc., iQIYI, IBM Corporation, Google LLC, Cisco Systems, Inc., Brightcove, Inc., AT&T, Inc., Apple, Inc, com, Inc., Akamai Technologies List of Key Players…
February 05, 2021

Insights on the Enterprise Video Global Market to 2027 - Featuring Adobe Systems, Avaya and Brightcove Among Others

Dublin, Feb. 05, 2021 (GLOBE NEWSWIRE) -- The "Enterprise Video - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to the 6th edition of this report. The 142-page report presents concise insights…
November 10, 2020

Australias Leading Employment Marketplace SEEK Leverages Brightcove to Better Connect Job Seekers and Organizations

SEEK created a video library on its site powered by Brightcove’s Video Marketing Suite and Brightcove Gallery , offering a single location for career and employment advice. Since implementing Brightcove, SEEK has amplified its online user experience with over 200 videos that address different audien…
September 22, 2020

Brightcove Partners with Cvent to Power the Future of Virtual Events

Partnership embeds Brightcove’s video technology in Cvent’s Virtual Attendee Hub ® to power virtual events of all sizes.read more
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Brightcove Blogs

July 29, 2021

The Evolution of Low-Latency Streaming

In the past few years, the video streaming industry has seen immense interest in low-latency OTT (Over-The-Top) streaming, which is often considered the enabler to many emerging OTT video applications, such as online betting and streaming live events that require high user interactivity (e.g., onlin…
July 27, 2021

Taking a Look at Videos That Convert, Episode 1

What makes a video work? Why does one work and the other doesn't? How do you get people to click, and how do you get your videos to make money? I recently launched a three-part video series to explore those questions – it’s called Videos That Convert. This blog post will give you a taste of what I c…
July 01, 2021

From the Stage to Your Screen: How Video is Transforming Performing Arts

Forced by necessity and driven by creativity, performing arts organizations today are embracing a hybrid model and finding innovative ways to use video to engage existing audiences and make new ones in every corner of the globe. This transformation was already underway when the pandemic kicked it in…
May 27, 2021

The Future of Ecommerce and Retail Livestreaming

It’s been a challenging year for retailers, and one in which the acceleration of digital initiatives has never been quicker. One of the strongest things that has come out of 2020 is the adaptability of the retail sector and their ability to pivot and deliver online solutions to bridge the physical g…
May 25, 2021

Closing the Gap: Introducing Video Delivery into China

It is common knowledge that broad access to the e-commerce market is a key component of a comprehensive e-commerce strategy. To support our customers in reaching their key audience, Brightcove is excited to introduce the ability to deliver video into China through a partnership with global e-commer…
May 21, 2021

Video in the Enterprise: Debunking 3 Myths of a ‘New Normal’

As someone who was in the video technology space a few years before the world went on lockdown, I feel like I understand it pretty well. For example, I know basic stuff like the difference between a meeting solution and a streaming platform. I also know more complicated ‘techie’ things like what vid…
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 Brightcove Frequently Asked Questions

  • When was Brightcove founded?

    Brightcove was founded in 2004.

  • Who are Brightcove key executives?

    Brightcove's key executives are Jeff Ray, Robert Noreck and Jennifer Smith.

  • How many employees does Brightcove have?

    Brightcove has 621 employees.

  • What is Brightcove revenue?

    Latest Brightcove annual revenue is $197.4 m.

  • What is Brightcove revenue per employee?

    Latest Brightcove revenue per employee is $317.8 k.

  • Who are Brightcove competitors?

    Competitors of Brightcove include Cincopa, MPS and Deltatre.

  • Where is Brightcove headquarters?

    Brightcove headquarters is located at 290 Congress St, Boston.

  • Where are Brightcove offices?

    Brightcove has offices in Boston, New York, Sydney, Mumbai and in 6 other locations.

  • How many offices does Brightcove have?

    Brightcove has 10 offices.