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BROADPEAK SA: Publication by Broadpeak of its third-quarter 2022 revenue

BROADPEAK SA
BROADPEAK SA: Publication by Broadpeak of its third-quarter 2022 revenue

15-Nov-2022 / 17:45 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

 

Publication by Broadpeak of its third-quarter 2022 revenue

  • Growth of 32% over 9 months, in line with the roadmap

  • A strong third-quarter contribution (€9.7m), marked by a favourable evolution in the sales mix 

  • Confirmation of all financial targets for 2022 and beyond

 

Cesson-Sévigné (France), 15 November 2022

Broadpeak (ISIN: FR001400AJZ7 – Ticker: ALBPK), a leading provider of video streaming software solutions, is reporting its third-quarter and 9-month 2022 revenue.

 

Revenue (in €K)

9M 2021

9M 2022

Change

Q3 2021

Q3 2022

Change

Americas

9,789

12,349

+26%

4,606

4,579

-1%

EMEA

8,251

11,101

+35%

2,866

3,981

+39%

of which France

2,332

2,762

+18%

811

1097

+35%

APAC

1,437

2,280

+59%

500

1,119

+124%

TOTAL

19,477

25,729

+32%

7,972

9,679

+21%

 

In the year to 30 September, the Group made revenue of €25.7 million, an increase of 32%, achieved entirely through organic growth. The foreign exchange effect from the appreciation of the dollar was positive at €1.7m. At constant exchange rates, business growth reached 24%.

Sales were up in all geographical areas covered by Broadpeak with growth over the first nine months reaching 26% in the Americas (continent of America), 35% in EMEA (Europe, Middle East & Africa) and 59% in APAC (Asia-Pacific).

The third quarter contributed fully to this positive momentum. During that period, Broadpeak registered its highest level of activity for the year, with revenue of €9.7m (+21%), after €7.7m and €8.3m respectively in the first and second quarters of 2022. This trend is in line with the highly seasonal nature of its activity, which is traditionally higher in the second half of the year.

In terms of the revenue mix, the third quarter was also in line with expectations, with a very positive trend in licence and service revenues, which more than doubled, and in maintenance and SaaS revenues. The contribution from equipment sales (servers, routers and storage systems), which had been exceptionally high in the first half of 2022, returned to a more normative level, representing 24.1% of the Group's total revenue in the third quarter.

These positive changes in the sales mix are expected to be confirmed in the fourth quarter. They will fuel the sharp increase in gross margin expected in the second half of 2022, compared with the level seen in the first half of the year (70.6%).

 

Financial targets confirmed for 2022 and beyond

 

  • In the fourth quarter, activity is expected to continue growing strongly, driven by structural trends (surge in video content consumption worldwide). The Group is also benefiting from an acceleration attributable to the 2022 World Cup, for which the SaaS offering, broadpeak.io, was recently chosen by two new customers in South America and Northern Europe. This confirms a good commercial start for the cloud platform launched in January 2022, driven by a strong value proposition that was recently recognised by two awards at the IBC global trade show. 

 

  • Given the acceleration of its commercial development, Broadpeak remains confident it will be able to stick with the roadmap announced at the time of its initial public offering. Full-year revenue is still expected to exceed €41m, giving growth of around 25%. In terms of profitability, Broadpeak expects to maintain positive EBITDA, incorporating the investments needed to step up the acquisition of market share.

 

  • It is also maintaining the long-term roadmap unveiled during its IPO, which includes a revenue target of €100m by 2026, of which 40% recurring revenue (maintenance & SaaS revenue), with an EBITDA margin of 20% (vs. 9% in 2021). 

 

Prochains rendez-vous : Chiffre d’affaires annuel 2022 : 1er mars 2023, après BourseRésultats annuels 2022 : 28 avril 2023, après Bourse 

Upcoming events:

  • 2022 full-year revenue: 1 March 2023, after market close

  • 2022 Annual Results: 28 April 2023, after market close

 

 

CONTACTS

BROADPEAK

FINANCIAL COMMUNICATION

FINANCIAL / CORPORATE PRESS

Investors@broadpeak.tv

broadpeak@actifin.fr

mjordan@actifin.fr

+ 33(0)2 22 74 03 50

+ 33(0)1 56 88 11 25

+ 33(0)1 56 88 11 26

 

 

Broadpeak, S.A. - Zone des champs blancs, 15 rue Claude Chappe, 35510 Cesson-Sévigné, France

VAT Number FR49 524 473 063 - SIREN 524 473 063 00054

with a share capital of 249,825 euros

Tel: +33 (0) 2 22 74 03 50

www.broadpeak.tv

 

 

About Broadpeak

Since its creation, Broadpeak has grown with a sole purpose in mind: to roll out software solutions worldwide streaming content that people love with a compelling quality of experience. These solutions target the world's leading players, including large TV and telecom operators and global broadcasting platforms (OTTs), as well as new media in the corporate, sports and entertainment segments. At the end of 2021, Broadpeak had 125 customers across 50 countries, representing 200 million spectators worldwide These include leading players such as Bouygues Telecom, Orange, Telecom Italia, Deutsche Telekom, HBO, Mola TV, StarHub TV+ and Megacableò. Broadpeak has more than 240 employees in 21 countries. The company is mainly based in France (head office in Cesson Sévigné near Rennes) but is also present in the United States (Denver), Canada (Ottawa), Brazil (Sao Paulo), Singapore and Dubai. In 2021, Broadpeak generated nearly 90% of its revenue outside France. Since 2015, it has generated average annual growth of around 40%. The company delivered a very strong year in 2021 with revenue increasing by 38% to €33.1m and EBITDA totalling nearly €3m, representing 9% of revenue. Broadpeak grew its revenue 40% to €7.7m in first-quarter 2022. The company aims to top the mark of €100m in annual revenue in 2026, over three times higher than in 2021, with an EBITDA margin of over 20%.

 

CONTACTS

BROADPEAK

COMMUNICATION FINANCIERE

PRESSE FINANCIERE / CORPORATE

Investors@broadpeak.tv

mpy@actifin.fr

mjordan@actifin.fr

02 22 74 03 50

01 80 48 25 31

01 56 88 11 26

Broadpeak, S.A. - Zone des champs blancs, 15 rue Claude Chappe, 35 510 Cesson-Sévigné, FranceVAT Number FR49 524 473 063 – SIREN 524 473 063 00054avec un capital social de 249 825 EurosTel: +33 (0)2 22 74 03 50www.broadpeak.tvA propos de BroadpeakDepuis sa création, Broadpeak a bâti son développement sur une mission : déployer à l’échelle mondiale des solutions logicielles permettant de diffuser en streaming le contenu que les gens adorent avec une qualité d’expérience exceptionnelle. Ces solutions s’adressent aux principaux acteurs mondiaux du marché : grands opérateurs TV et télécoms, plateformes mondiales de diffusion (« OTT ») mais aussi nouveaux médias du monde de l’entreprise, du sport ou du divertissement. A fin 2021, Broadpeak comptait 125 clients dans 50 pays représentant un parc de 200 millions de spectateurs à travers le monde. Parmi ces clients figurent des références telles que Bouygues Telecom, Orange, Telecom Italia, Deutsche Telekom, HBO, Mola TV, StarHub TV+, Megacable… Broadpeak compte plus de 240 collaborateurs dans 21 pays. La société est implantée essentiellement en France (siège à Cesson Sevigné près de Rennes) mais également aux Etats-Unis (Denver), au Canada (Ottawa), au Brésil (Sao Paulo), à Singapour et Dubaï. En 2021, Broadpeak a réalisé près de 90% de son chiffre d’affaires à l’International. Depuis 2015, Broadpeak affiche une croissance annuelle moyenne d’environ 40%. Une forte dynamique confirmée en 2021 avec un chiffre d’affaires de 33,1 M€, en hausse de 38%. En termes de résultats, l’EBITDA 2021 s’est établi à près de 3 M€, soit 9% du chiffre d’affaires. Au premier trimestre 2022, la progression du chiffre d’affaires a été de 40% à 7,7 M€. Pour 2026, l’objectif est d’atteindre les 100 M€ de chiffre d’affaires soit une activité multipliée par plus de 3 par rapport à 2021 avec une marge d’EBITDA de 20%.

Regulatory filing PDF file

File: Publication by Broadpeak of its third-quarter 2022 revenue


Language:

English

Company:

BROADPEAK SA

15 rue Claude Chappe

35510 CESSON SEVIGNE

France

Phone:

02 22 74 03 50

Internet:

https://broadpeak.tv/

ISIN:

FR001400AJZ7

Euronext Ticker:

ALBPK

AMF Category:

Additional regulated information to be pubicly disclosed under the legislation of a Member State / Third quarter financial report

EQS News ID:

1488541

 

End of Announcement

EQS News Service

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