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 Ratings3.9More
Overall CultureD+More
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Latest Updates

Employees (est.) (Mar 2020)621(+2%)
Revenue (FY, 2019)$184.5 M(+12%)
Share Price (Jan 2021)$17.6 (-2%)
Cybersecurity ratingCMore

Key People/Management at Brightcove

Jeff Ray

Jeff Ray

CEO & Director
Robert Noreck

Robert Noreck

EVP & Chief Financial Officer
Sara Larsen

Sara Larsen

Chief Marketing Officer
Jennifer Smith

Jennifer Smith

Chief Marketing Officer
Rick Hanson

Rick Hanson

Chief Revenue Officer
David Plotkin

David Plotkin

Chief Legal 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 $184.46 m in FY, 2019
USD

Revenue (Q3, 2020)

49.1m

Gross profit (Q3, 2020)

31.0m

Gross profit margin (Q3, 2020), %

63.1%

Net income (Q3, 2020)

1.3m

EBIT (Q3, 2020)

1.3m

Market capitalization (15-Jan-2021)

699.0m

Closing stock price (15-Jan-2021)

17.6

Cash (30-Sept-2020)

30.3m

EV

686.4m
Brightcove's current market capitalization is $699 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

150.3m155.9m164.8m184.5m

Revenue growth, %

12%4%6%

Cost of goods sold

55.8m64.6m66.6m75.5m

Gross profit

94.4m91.3m98.2m109.0m
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, 2019

Cash

36.8m26.1m29.3m22.8m

Accounts Receivable

21.6m25.2m23.3m31.2m

Prepaid Expenses

3.7m4.0m4.9m5.2m

Current Assets

64.3m58.4m64.5m65.8m
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, 2019

Net Income

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

Depreciation and Amortization

7.8m7.3m6.8m8.4m

Accounts Payable

733.0k1.8m1.2m1.7m

Cash From Operating Activities

11.1m(6.4m)2.6m2.7m
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

70 75 75 75 70 80

Patents Issued

15 31 38 44 52 53

Patent Applications

22 36 37 32 26 21
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

71/100

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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+

    61/100

  • CEO Rating

    F

    51/100

  • Compensation

    B

    74/100

  • Diversity

    D

    55/100

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Brightcove News and Updates

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
September 13, 2020

Kaltura Vies With Brightcove In $6.1B Video Streaming Software Market

While video streaming software is growing fast, avoid plodding Brightcove and wait for Kaltura IPO
August 21, 2020

Video Streaming Media Software Market May Set New Growth Story | Haivision, Brightcove, Kaltura, Plantronics

How customers and prospects view your existing business and products, benchmark view point to know if it is matching customers’ needs or not. Know possibility and uncover untapped opinions of Video Streaming Media Software Market. Posted via Industry Today. Follow us on Twitter @IndustryToday
July 16, 2020

TN Marketing Reaches New Audiences on Connected TV Devices Using Brightcove Beacon

TN Marketing streams “how-to” instructional video content, centered around lifelong hobbies to its more than five million members and newsletter registrants across more than 150 countries. To date, TN Marketing has 11 digital properties, a large number of subject matter experts, and nearly 2,000 hou…
July 02, 2020

Brightcove to Power Willie Nelsons Iconic 4th of July Picnic Celebration

Brightcove’s live streaming technology continues to revolutionize the event industry through high-quality, immersive live virtual experiences.read more
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Brightcove Blogs

January 08, 2021

Good Things Ahead, Video for Good: Q1 2021

After a year like 2020, we all could use a little more good news. So we're starting 2021 on a high note and shining a BRIGHT light on a few of our amazing customers who are using video for good. These customers all know that there are some stories that can only be told with the power of video. Th…
December 18, 2020

Why Your Customer Service Content Strategy Needs Video

Picture this. You’ve recently subscribed to new software, and now you’re having issues synchronising your data and information to start using it. Unable to find answers online, you pick up the phone to contact customer support, only to be faced with an automated voice menu… or to be put on hold inde…
December 11, 2020

3 Fresh Views On The Future Of Video

Have you ever heard the expression "ebb and flow"? It describes something that changes on a regular basis – a pattern of change that over-the-top (OTT) streaming businesses are all too familiar with.   As the world of streaming video grows at a mind-blowing pace, media companies are continually hav…
December 03, 2020

The Future of OTT - Your Playbook for Beyond 2020

2020 has been a year of unprecedented video streaming all around the world, thanks to a homebound audience hungry for entertainment. Competition for viewers has been fierce, with Disney, HBO, and Peacock all jostling their way into an already-crowded market.  This is uncharted territory for many me…
December 02, 2020

Award-Winning Support. Seven Years And Counting.

At Brightcove, we're immensely proud and excited to share that once again, the Technology & Services Industry Association recognized our customer support team for Support Staff Excellence, a recognition we have received for seven years in a row.  We sat down with Brightcove's Chief Customer Exp…
November 23, 2020

Why Video Is The Next Big Thing For Public Engagement

Government communications have undergone a significant transformation, one where the information expectations of the public are central to the strategy. As part of this transformation, Government departments have transitioned their communications approach from ‘managing’ citizens and stakeholders …
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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 Sara Larsen.

  • How many employees does Brightcove have?

    Brightcove has 621 employees.

  • What is Brightcove revenue?

    Latest Brightcove annual revenue is $184.5 m.

  • What is Brightcove revenue per employee?

    Latest Brightcove revenue per employee is $297 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.