Seeking Alpha

Brightcove -14.3% AH on weak Q3, full-year guidance

  • Though Brightcove (NASDAQ:BCOV) beat Q2 estimates, it's guiding for Q3 revenue of $30M-$30.5M and EPS of -$0.08 to -$0.09, below a consensus of $32.4M and -$0.07.
  • Full-year guidance is also light: Revenue of $122M-$123.5M and EPS of -$0.24 to -$0.28 vs. a consensus of $128.9M and -$0.22.
  • The video encoding/hosting platform says it "experienced slower than expected progress on large deal opportunities and certain customer implementations" in Q2. In addition, a "large customer with an uncommon use case" is expected to churn in Q3.
  • Q2 results, PR
Comments (1)
  • Jeb Walport
    , contributor
    Comments (278) | Send Message
    Scoop it up ....
    26 Jul, 12:14 PM Reply Like
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