The Vancouver-based media-tech company saw its revenue grow 31 per cent year over year to $120.7 million for the quarter ended September 30. The results came from BroadbandTV. (The Logic)
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The Vancouver-based media-tech company saw its revenue grow 31 per cent year over year to $120.7 million for the quarter ended September 30. The results came from BroadbandTV. (The Logic)
Talking point: Founder and CEO Shahrzad Rafati said the company was pleased with its quarterly performance as it saw “strong growth in audience views of our content” in part due to cord cutting from TV viewers. “The global COVID-19 pandemic has accelerated the shift of consumption from mainstream media to digital media, and we are seeing advertisers follow these audiences online,” with a digital advertising rebound in the quarter. It’s the first quarter the company has reported since going public on the TSX on October 28, raising about $172.4 million in gross proceeds, with shares priced at $16 each. Its shares traded at a high of $13.40 in mid-day trading Friday.
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