{"id":388434,"date":"2020-11-25T08:03:25","date_gmt":"2020-11-25T13:03:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=388434"},"modified":"2020-11-25T08:03:25","modified_gmt":"2020-11-25T13:03:25","slug":"bbtv-provides-corporate-update-demonstrating-acceleration-of-business-and-a-successful-app-launch-with-1-family-game-on-the-us-apple-ios-app-store","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bbtv-provides-corporate-update-demonstrating-acceleration-of-business-and-a-successful-app-launch-with-1-family-game-on-the-us-apple-ios-app-store\/","title":{"rendered":"BBTV Provides Corporate Update Demonstrating Acceleration of Business and a Successful App Launch with #1 Family Game on the US Apple iOS App Store"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>BBTV Provides Corporate Update Demonstrating Acceleration of Business and a Successful App Launch with #1 Family Game on the US Apple iOS App Store <\/b><\/p>\n<p>VANCOUVER, British Columbia&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nBBTV Holdings Inc. (TSX: BBTV) a media tech company that uses technology enabled solutions to help content owners become more successful, today provided a corporate update on its Q4 2020 activity to date:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nBBTV revenue and gross profit growth rates have continued to increase through mid Q4 over the same period in Q3, both when it comes to year-over-year and sequential growth rates.\n<\/li>\n<li>\nIn October, revenue and gross profits have grown by over 45% and 25% year-over-year, respectively.\n<\/li>\n<li>\nThis follows record revenues in Q3 2020 at $120.7 Million which reflected a 31% increase in revenues on a YoY basis.\n<\/li>\n<li>\nThus far in Q4, based on current results, BBTV expects break-even to positive Adjusted EBITDA<sup>1<\/sup> for the quarter.\n<\/li>\n<li>\nBBTV\u2019s recent mobile gaming app, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.bbtv.com%2Fpress%2F2020-11-01-bbtv-launches-new-mobile-game-with-key-influencer-james-rallison%2F&amp;esheet=52336765&amp;newsitemid=20201125005504&amp;lan=en-US&amp;anchor=%26%238220%3BTheOdd1sOut%3A+Let%26%238217%3Bs+Bounce%26%238221%3B&amp;index=1&amp;md5=5761b63b5819ddef534b8ef9edc4f817\">\u201cTheOdd1sOut: Let\u2019s Bounce\u201d<\/a>, announced November 2nd 2020, in partnership with James Rallison, was ranked the number one family game on the US Apple iOS App store this week.\n<\/li>\n<\/ul>\n<p>\nMore specifically, the fourth quarter is typically BBTV\u2019s highest revenue quarter due to seasonal ad spending during the holiday season, typically representing 30-35% of the total revenue for the year. To date, the company has experienced significant, sustainable growth throughout the year, and revenue growth rates in Q4 have accelerated over Q3 as anticipated. Moreover, according to the most recent August 2020 Comscore data, the number of unique viewers watching BBTV content on a monthly basis has increased by 19M from June 2020, going from 596M to 615M. Similarly, monthly minutes watched increased over the same period, from 54 million to 55 million minutes respectively.\n<\/p>\n<p>\n\u201cWe\u2019re very pleased to provide this corporate update, BBTV\u2019s business continues to grow from strength to strength with continued progress in revenue and gross profit generation\u201d comments Shahrzad Rafati, Chairperson and CEO of BBTV, \u201cAlso, we\u2019re thrilled to report that our newest mobile gaming app was ranked the number one family game on the Apple App store in the US, earlier this week.\u201d\n<\/p>\n<p><i>BBTV\u2019s New Mobile Game TheOdd1sOut Ranked #1 Family Game on iPhone &amp; iPad<br \/>\n<br \/><\/i>BBTV\u2019s recently announced mobile gaming app, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.bbtv.com%2Fpress%2F2020-11-01-bbtv-launches-new-mobile-game-with-key-influencer-james-rallison%2F&amp;esheet=52336765&amp;newsitemid=20201125005504&amp;lan=en-US&amp;anchor=%26%238220%3BTheOdd1sOut%3A+Let%26%238217%3Bs+Bounce%26%238221%3B&amp;index=2&amp;md5=3821386888ff05696cb46184c2107ec1\">\u201cTheOdd1sOut: Let\u2019s Bounce\u201d<\/a>, announced November 2nd 2020, in partnership with James Rallison, was ranked the number one ranked family game on the Apple App store (US) this week. In addition, it was the number two Casual game on iPad, the number three Casual game on iPhone, the number four game on iPad and number six game on iPhone, speaking to the success of the launch, and popularity of the game.\n<\/p>\n<p>\n\u201cThis is another fantastic proof point that highlights the quality of BBTV\u2019s mobile games, and ability to successfully launch into the market,\u201d comments Lewis Ball, VP of Strategy, BBTV, \u201cNot only does BBTV know how to produce great apps, but we have incredible scale and an engaged audience that allows us to easily market the app and give it the best possible chance of success. It\u2019s an exciting proposition for content owners that are looking to engage with their fans on a deeper level, and broaden their revenue potential.\u201d\n<\/p>\n<p>\nThe Mobile gaming apps revenue stream is a key part of BBTV\u2019s Plus Solutions, helping to further unlock value from BBTV\u2019s compelling portfolio of content partners and driving revenue expansion for both BBTV and its content owners.\n<\/p>\n<p><i>Footnotes:<\/i><\/p>\n<p>\n1- \u201cAdjusted EBITDA\u201d means net earnings or loss, as applicable, before financial expenses, income tax expense (recovery), amortization and depreciation, share-based payments, unrealized and realized gains or losses due to foreign exchange, transaction-related costs, and certain other items set out in the reconciliation table under the heading \u201cSelected Consolidated Financial Information \u2013 BBTV \u2013 Reconciliation of Non-IFRS Measures\u201d in the preliminary prospectus.\n<\/p>\n<p><b>About BBTV<\/b><\/p>\n<p>\nBBTV is a media and technology company headquartered in Vancouver, Canada. BBTV is an enabling platform with a stated mission of advancing the world through the democratization of content. From individual content creators to global media companies, BBTV monetizes the media of content owners through end-to-end management, distribution and monetization solutions, powered by its innovative VISO Platform, including related proprietary technology, while allowing content owners to focus on their core competency \u2013 content creation. In August 2020, BBTV had the second most unique monthly viewers among digital platforms with 615 million globally, who consumed more than 55 billion minutes of video content, the most among media companies<sup>2<\/sup><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.bbtv.com&amp;esheet=52336765&amp;newsitemid=20201125005504&amp;lan=en-US&amp;anchor=www.bbtv.com&amp;index=3&amp;md5=5a3020f37784882f5e231dd3c3ecca18\">www.bbtv.com<\/a><\/p>\n<p>\n2- Calculations and classifications made by BBTV based on data from Comscore contained in Comscore\u2019s \u201cTop 12 Countries = August 2020 comScore Video Metrix Media Trend &#8211; Multi-Platform &#8211; Top 100 Video Properties Report\u201d.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release may contain forward\u2010looking information within the meaning of applicable securities legislation, including statements with regards to the timing of the release of the third quarter results and related conference call, and achieving the Company\u2019s capital markets objectives, which forward-looking information reflects the Company\u2019s current expectations regarding future events. Forward\u2010looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company\u2019s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward\u2010looking information. Such risks and uncertainties include, but are not limited to, having to change anticipated timing of our release and conference call, failure to meet our capital markets objectives and related future events, and the factors discussed under \u201cRisk Factors\u201d in the final prospectus of the Company dated October 22, 2020. The Company does not undertake any obligation to update such forward\u2010looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.\n<\/p>\n<p>\nBBTV-C\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201125005504r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201125005504\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201125005504\/en\/<\/a><\/span><\/p>\n<p><b>BBTV Holdings<br \/>\n<\/b><br \/><b>Media:<br \/>\n<\/b><br \/>Dan Gamble, Head of PR and Corporate Communications<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:dgamble@bbtv.com\">dgamble@bbtv.com<br \/>\n<\/a><br \/>+1778 873 0422\n<\/p>\n<p><b>Investors:<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:ir@bbtv.com\">ir@bbtv.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> North America Canada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Electronic Games Entertainment Marketing Advertising Communications Telecommunications Software Audio\/Video Consumer Electronics<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201125005504\/en\/793048\/3\/BBTV_Logo.B%26W.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>BBTV Provides Corporate Update Demonstrating Acceleration of Business and a Successful App Launch with #1 Family Game on the US Apple iOS App Store VANCOUVER, British Columbia&#8211;(BUSINESS WIRE)&#8211; BBTV Holdings Inc. (TSX: BBTV) a media tech company that uses technology enabled solutions to help content owners become more successful, today provided a corporate update on its Q4 2020 activity to date: BBTV revenue and gross profit growth rates have continued to increase through mid Q4 over the same period in Q3, both when it comes to year-over-year and sequential growth rates. In October, revenue and gross profits have grown by over 45% and 25% year-over-year, respectively. This follows record revenues in Q3 2020 at $120.7 Million which reflected a 31% &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bbtv-provides-corporate-update-demonstrating-acceleration-of-business-and-a-successful-app-launch-with-1-family-game-on-the-us-apple-ios-app-store\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BBTV Provides Corporate Update Demonstrating Acceleration of Business and a Successful App Launch with #1 Family Game on the US Apple iOS App Store&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-388434","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BBTV Provides Corporate Update Demonstrating Acceleration of Business and a Successful App Launch with #1 Family Game on the US Apple iOS App Store - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bbtv-provides-corporate-update-demonstrating-acceleration-of-business-and-a-successful-app-launch-with-1-family-game-on-the-us-apple-ios-app-store\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BBTV Provides Corporate Update Demonstrating Acceleration of Business and a Successful App Launch with #1 Family Game on the US Apple iOS App Store - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BBTV Provides Corporate Update Demonstrating Acceleration of Business and a Successful App Launch with #1 Family Game on the US Apple iOS App Store VANCOUVER, British Columbia&#8211;(BUSINESS WIRE)&#8211; BBTV Holdings Inc. (TSX: BBTV) a media tech company that uses technology enabled solutions to help content owners become more successful, today provided a corporate update on its Q4 2020 activity to date: BBTV revenue and gross profit growth rates have continued to increase through mid Q4 over the same period in Q3, both when it comes to year-over-year and sequential growth rates. In October, revenue and gross profits have grown by over 45% and 25% year-over-year, respectively. This follows record revenues in Q3 2020 at $120.7 Million which reflected a 31% &hellip; Continue reading &quot;BBTV Provides Corporate Update Demonstrating Acceleration of Business and a Successful App Launch with #1 Family Game on the US Apple iOS App Store&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/bbtv-provides-corporate-update-demonstrating-acceleration-of-business-and-a-successful-app-launch-with-1-family-game-on-the-us-apple-ios-app-store\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-25T13:03:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201125005504r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bbtv-provides-corporate-update-demonstrating-acceleration-of-business-and-a-successful-app-launch-with-1-family-game-on-the-us-apple-ios-app-store\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bbtv-provides-corporate-update-demonstrating-acceleration-of-business-and-a-successful-app-launch-with-1-family-game-on-the-us-apple-ios-app-store\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"BBTV Provides Corporate Update Demonstrating Acceleration of Business and a Successful App Launch with #1 Family Game on the US Apple iOS App Store\",\"datePublished\":\"2020-11-25T13:03:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bbtv-provides-corporate-update-demonstrating-acceleration-of-business-and-a-successful-app-launch-with-1-family-game-on-the-us-apple-ios-app-store\\\/\"},\"wordCount\":1028,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bbtv-provides-corporate-update-demonstrating-acceleration-of-business-and-a-successful-app-launch-with-1-family-game-on-the-us-apple-ios-app-store\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201125005504r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bbtv-provides-corporate-update-demonstrating-acceleration-of-business-and-a-successful-app-launch-with-1-family-game-on-the-us-apple-ios-app-store\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bbtv-provides-corporate-update-demonstrating-acceleration-of-business-and-a-successful-app-launch-with-1-family-game-on-the-us-apple-ios-app-store\\\/\",\"name\":\"BBTV Provides Corporate Update Demonstrating Acceleration of Business and a Successful App Launch with #1 Family Game on the US Apple iOS App Store - 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(TSX: BBTV) a media tech company that uses technology enabled solutions to help content owners become more successful, today provided a corporate update on its Q4 2020 activity to date: BBTV revenue and gross profit growth rates have continued to increase through mid Q4 over the same period in Q3, both when it comes to year-over-year and sequential growth rates. In October, revenue and gross profits have grown by over 45% and 25% year-over-year, respectively. This follows record revenues in Q3 2020 at $120.7 Million which reflected a 31% &hellip; Continue reading \"BBTV Provides Corporate Update Demonstrating Acceleration of Business and a Successful App Launch with #1 Family Game on the US Apple iOS App Store\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/bbtv-provides-corporate-update-demonstrating-acceleration-of-business-and-a-successful-app-launch-with-1-family-game-on-the-us-apple-ios-app-store\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-25T13:03:25+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201125005504r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bbtv-provides-corporate-update-demonstrating-acceleration-of-business-and-a-successful-app-launch-with-1-family-game-on-the-us-apple-ios-app-store\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bbtv-provides-corporate-update-demonstrating-acceleration-of-business-and-a-successful-app-launch-with-1-family-game-on-the-us-apple-ios-app-store\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"BBTV Provides Corporate Update Demonstrating Acceleration of Business and a Successful App Launch with #1 Family Game on the US Apple iOS App Store","datePublished":"2020-11-25T13:03:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bbtv-provides-corporate-update-demonstrating-acceleration-of-business-and-a-successful-app-launch-with-1-family-game-on-the-us-apple-ios-app-store\/"},"wordCount":1028,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bbtv-provides-corporate-update-demonstrating-acceleration-of-business-and-a-successful-app-launch-with-1-family-game-on-the-us-apple-ios-app-store\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201125005504r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bbtv-provides-corporate-update-demonstrating-acceleration-of-business-and-a-successful-app-launch-with-1-family-game-on-the-us-apple-ios-app-store\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/bbtv-provides-corporate-update-demonstrating-acceleration-of-business-and-a-successful-app-launch-with-1-family-game-on-the-us-apple-ios-app-store\/","name":"BBTV Provides Corporate Update Demonstrating Acceleration of Business and a Successful App Launch with #1 Family Game on the US Apple iOS App Store - 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