Interims from Brave Bison Group, the social media company, saw further growth in Fee Based Services, primarily branded content in APAC. Group revenue increased 8.5% to £10.1m, gross margin +190bps to 33.4% reflecting the change in revenue mix, adj. EBITDA +£168k to £247k and net cash remains a healthy £3.7m. Performance in Advertising was weaker, however, down 10.4% to £6.6m, following changes to Facebook’s publishing guidelines. This resulted in BBSN&rsquo
31 Jul 2019
Swift response to Facebook content policy changes
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Swift response to Facebook content policy changes
Brave Bison Group Plc (BBSN:LON) | 2.8 0 0.9% | Mkt Cap: 36.4m
- Published:
31 Jul 2019 -
Author:
David Johnson -
Pages:
8
Interims from Brave Bison Group, the social media company, saw further growth in Fee Based Services, primarily branded content in APAC. Group revenue increased 8.5% to £10.1m, gross margin +190bps to 33.4% reflecting the change in revenue mix, adj. EBITDA +£168k to £247k and net cash remains a healthy £3.7m. Performance in Advertising was weaker, however, down 10.4% to £6.6m, following changes to Facebook’s publishing guidelines. This resulted in BBSN&rsquo