Brightcove, Inc. announced Brightcove Video Cloud Live, a multi-bitrate live streaming module for the Video Cloud Studio that allows marketers and media companies to deliver high-quality, live video events across desktops, smartphones, tablets, and connected TVs. Within a familiar Video Cloud workflow, customers will be able to manage the entire lifecycle of a live video event, access real-time analytics, monetize live content with advertising, and seamlessly create video on demand assets from live events. Live video is mainstream and content publishers must keep pace with consumer demand for immediate access to streaming content. In fact, according to a recent multi-national consumer survey from Accenture, 29% of tablet owners watch live video content via their tablet devices. The survey also found that 53% of connected TV owners stream live content, while 21% enjoy live events on their mobile device or smartphone. Video Cloud Live offers a comprehensive solution to help content owners of all sizes take advantage of this fast-growing live video opportunity and provides all of the functionality necessary to quickly and easily operate live video events, from setup to completion: - Through an intuitive dashboard, publishers can use custom players created in the Video Cloud Publishing Module to monetize their live content with pre-roll advertising, sponsorship bumpers and watermarks. - Users can customize multiple bitrate renditions or use pre-configured SD/HD rendition sets to optimize playback for any viewer screen size or network conditions. - Users can take advantage of real-time performance analytics to measure the success of their live content in real time through viewer count. Additionally, real-time monitoring on each rendition gives customers confidence about the status of the end user experience. - Video Cloud Live leverages the Brightcove Zencoder Live Transcoding service to convert a single uplink stream from any software-based encoder into adaptive bitrate RTMP and HLS streams for Web and mobile playback, making it easy to reach audiences on every screen. This allows content owners to scale live encoding resources and produce adaptive bitrate streams without significant investments in specialized on-premise hardware and bandwidth provisioning. - Video Cloud Live also automatically saves each live event to the Video Cloud Media Module for on-demand playback. Video Cloud customers across a variety of industries will benefit from Brightcove's expanded live streaming solution, including Joyce Meyer Ministries. Video Cloud Live is available in beta to Video Cloud Pro and Enterprise customers. Pricing is customizable and based on event hours and required number of SD/HD outputs.

Brightcove, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenue of $24.7 million, an increase of 24% compared to $19.9 million for the first quarter of 2012. Loss from operations was $3.9 million, compared to a loss of $3.2 million for the first quarter of 2012. Non-GAAP loss from operations, which excludes stock-based compensation expense, the amortization of acquired intangible assets and merger-related expenses, was $1.2 million, an improvement compared to a non-GAAP loss of $2.3 million during the first quarter of 2012. Net loss attributable to common stockholders was $4.2 million, or $0.15 per basic and diluted share. This compares to a net loss attributable to common stockholders of $4.3 million, or $0.27 per basic and diluted share, for the first quarter of 2012. Non-GAAP net loss attributable to common stockholders, which excludes stock-based compensation expense, the amortization of acquired intangible assets, merger-related expenses, and the accretion of dividends on redeemable convertible preferred stock, was $1.6 million, or $0.06 per basic and diluted share, compared to a non-GAAP net loss attributable to common stockholders of $2.6 million for the first quarter of 2012, or $0.17 per basic and diluted share. Loss before income taxes and non-controlling interest in consolidated subsidiary was $4.2 million compared to $3.5 million for the first quarter of 2012. Net cash used in operating activities was $2.8 million compared to $2.8 million for the first quarter of 2012. Purchases of property and equipment were $0.12 million compared to $3.7 million for the first quarter of 2012. The company provided earnings guidance for the second quarter and full year 2013. For the second quarter, the company expects revenue to be $25.7 million to $26.2 million, and non-GAAP loss from operations to be $1.4 million to $1.7 million. Assuming approximately 28.2 million shares outstanding, the company expects its non-GAAP net loss per basic and diluted share attributable to common stockholders to be $0.06 to $0.07. For the full Year 2013, the company is raising its 2013 financial guidance for revenue and non-GAAP loss from operations. Revenue is expected to be $104 million to $106 million, and non-GAAP loss from operations is expected to be $3.3 million to $4.8 million. Assuming approximately 28.4 million shares outstanding, the company expects its non-GAAP net loss per basic and diluted share attributable to common stockholders to be $0.15 to $0.22. The company continue to expect to generate $1 million to $3 million of free cash flow.

Brightcove, Inc., Q1 2013 Earnings Call, Apr 30, 2013