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Influencer Marketing and Digital Advertising Continue to Overtake Traditional Media

FN Media Group Presents Microsmallcap.com Market Commentary


News provided by

Microsmallcap.com

Dec 29, 2020, 08:50 ET

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NEW YORK, Dec. 29, 2020 /PRNewswire/ -- As cable TV subscriptions continue plummeting, digital advertising is growing its dominance as the default medium for companies looking to get eyes in front of their products. Online advertising is expected to reach an incredible $1.08 trillion by 2027. Meanwhile, digital advertising companies are getting better and better at reaching targeted audiences for maximum engagement. With new trends in influencer marketing, mobile advertising, programmatic marketing, and more set to gain further momentum in 2021, digital marketing is cementing its place and boosting companies like BBTV Corp. (TSX:BBTV), The Trade Desk Inc (NASDAQ:TTD), AcuityAds Holdings Inc. (TSX:AT) (OTCQX:ACUIF), ViacomCBS Inc. (NASDAQ:VIAC) and IZEA Worldwide (NASDAQ:IZEA).

Digital media technology company BBTV (TSX:BBTV) has built a multi-million dollar business by helping content creators and influencers grow their audiences and generate revenue from their content. The company helps content creators of all sizes, like independent YouTubers and Esports gamers. BBTV also works with media companies like Viacom and Sony Pictures, offering an end-to-end solution that combines content optimization, digital rights management, content collaboration and monetization. In addition to helping content creators, BBTV is able to sell digital advertising through the video views it generates working directly with brands and agencies.

BBTV Continues to Grow Its Revenue and Reach

COVID-19 has accelerated a pre-pandemic shift towards digital media consumption, creating some serious growth for companies on the right side of the change. Throughout 2020, BBTV has demonstrated significant size and scale in its operations given its large and growing base of over 40 billion monthly views. On December 14, the company provided a business update that highlighted a 46% increase in direct advertising revenue year-over-year in the last 12 months ending October 2020. BBTV also experienced a record month in direct advertising in November 2020 with over 50% revenue growth compared to the year before.

The revenue growth adds to an already successful nine months. In November, BBTV reported its Q3 2020 financial results with record quarterly revenues of CA$120.7 million, a 31% increase YoY. According to the release, the increase was driven by growth in views, which jumped 18% to 121.2 billion in Q3, and improved ad revenues. During the third quarter, BBTV also raised CA$172.4 million in proceeds, offering additional cash to execute on the company's growth strategies.

BBTV believes the fourth quarter of 2020 to be its strongest to date and expects to see that upward trend continuing into 2021 as it continues to grow its partnerships and reach.

Digital Advertising and Influencer Marketing See Growth Despite Health Crisis

When the health crisis began this spring, market watchers expected to see a large decline in overall ad spend in the US as businesses slashed their marketing budgets to preserve capital at the height of the outbreak. Luckily, the industry experienced a rapid turnaround in the third quarter, buoyed by digital advertising. The COVID-19 pandemic may have been the last nail in the coffin for traditional media; however, connected TV advertising is estimated to grow 19% YoY, while digital ad spend could rise by 6% in 2020.

AcuityAds Holdings Inc. (TSX:AT) (OTCQX:ACUIF) is another digital media tech company that posted gains in the third quarter. AcuityAds reported Q3 revenue of $26.1 million, which is a modest 3% increase YoY but an encouraging 33% jump from Q2. The company also increased its gross margin to 52% from 48% YoY and increased its adjusted EBITDA by 150%.

Global marketing technology company The Trade Desk Inc (NASDAQ:TTD) has also been faring well this year. Trade Desk took a hit in Q2 along with several other digital advertisers; however, the company has since come back with a bang. In Q3 2020, The Trade Desk reported revenue of $216 million, a 31% increase YoY, and an adjusted EBITDA of US$77 million.

ViacomCBS Inc. (NASDAQ:VIAC), reported in third-quarter earnings that video ad revenues have more than doubled for Pluto TV, which ViacomCBS acquired nearly two years ago. Pluto TV now has 36 million users worldwide, and it appears the company will continue to increase video-advertising revenues as a product of the growth of the ad-supported streaming service as it has announced deals with Sony for Pluto TV distribution on the Sony Playstation platform and LG smart televisions.  

Influencer marketing tech company IZEA Worldwide (NASDAQ:IZEA) is another company that is still weathering the COVID-19 storm, but slowly gaining ground. Despite garnering over 15 billion TikTok campaign views during the pandemic, the company reported a 20% decrease in revenue in the second quarter. Luckily, IZEA Worldwide has since announced a surge of new customers in Q4 2020, doubling its managed services customers from the previous quarter.

BBTV has also continued to sign on new content creators at a rapid pace. In early November, the company added four major content creators of note, who together added 267.8 million monthly views and 12.5 million subscribers organically. Weeks later, the company announced the signing of another five international gaming partners who collectively boast over 23 million YouTube subscribers and receive 217 million monthly YouTube views.

For more information on BBTV Corp., please visit this link.

Disclaimer:  Microsmallcap.com (MSC) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of BBTV Holdings Inc.

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MSC and FNM undertake no obligation to update such statements.

 Media Contact: 
 FN Media Group, LLC 
[email protected] 
+1(561)325-8757

SOURCE Microsmallcap.com

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