BBTV (Outlook) Outlook:
Overall for the quarter, we achieved solid Revenue and Adjusted EBITDA performance, both of which were within the range of analyst consensus, and our ending cash balance significantly beat consensus.
The Company recently announced a partnership with Consensys, a leading global Ethereum software company to support BBTV's development of Web3 NFT solutions for content creators. This deal marks a key foray into Web3, as BBTV will provide creative, marketing, and content management solutions for creators to enable them to expand, engage and monetize their fan communities outside of major social and video platforms leveraging blockchain technology.
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