Netgem Reports Revenue Growth in 2015
Paris, France, January 14, 2016--For the quarter ended December 31, 2015, Netgem announces a consolidated revenue of € 18.2 million, bringing total consolidated revenue for 2015 to € 78.8 million, up 9% compared to 2014.
During the last quarter, Netgem won the Fast Mode 2015 #TopTechVideos, telecom’s largest web event, for its #TelcoTV multiscreen experience, linking television, smartphone and tablets.
In 2015, Netgem developed 29 content partnerships for the UK and European markets, bringing the total number of partners to more than 50 and providing over 400 TV channels and thousands of ondemand video assets (Netflix, Youtube, Wuaki.TV, Sky’s Now TV, Eurosport, National Geographic, Cartoon Network, France 24, Mubi, etc.).
The Group continues to develop #TelcoTV,anticipating several key trends, among which: Mobile is becoming the primary screen to consume content, creating an opportunity for operators and content providers to implement mobile TV solutions; Smart Content Discovery: helping users find the right content across multiple providers, through social recommendations, will be of the essence for sustainable consumer loyalty; TV content will mix free and premium entertainment content, both live and ondemand, that users can enjoy on their terms.
The recent announcement by Netflix of their deployment in 130 countries demonstrates the acceleration and globalisation of the Telco TV market. For 2016, the objective of Netgem is to open 5 new markets, beyond the 14 in which it currently has a distribution. If the positive trend in the active markets is confirmed, this would lead to another year of growth.
Because of the growing role of software and services, and the shift to the Cloud of functionality previously performed in settop boxes (such as recording and storing), the growth indicator in 2016 should be the gross profit (i.e. revenue net of hardware costs) rather than revenue.
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