Business
Interim Results
Blackbird PLC announced its interim results for the six months ended June 30, 2025, highlighting key achievements for both Blackbird and elevate.io. A fundraise in July 2025 generated gross proceeds of £2.1 million to support elevate.io. For the first time in the Company's history, Blackbird generated a positive EBITDA in H1. Secured revenue for the year ending December 31, 2025, reached £1,235k as of August 31, 2025, a 17% decrease compared to the previous year's £1,482k. Contracted but unrecognised revenues stood at £1,506k at June 30, 2025, up 19% from £1,262k in June 2024. The company's cash and short-term investments amounted to £2,274k as of June 30, 2025. The EBITDA loss was reduced to £1,146k, compared to £1,408k in the first half of 2024. Disclaimer*
About this update from Blackbird Plc
[{"type":"text","content":"\n\n 29 September 2025\n \nBlackbird plc\n(the \"Company\")\n \nInterim results for the 6 months ended 30 June 2025\n \nBlackbird plc (AIM: BIRD), the technology licensor, developer and seller of both the market-leading cloud native video editing platform, Blackbird, and the multiplayer editor in a browser, elevate.io, announces its interim results for the six months ended 30 June 2025.\n \nIan McDonough, Executive Chair of Blackbird plc, commented:\n \n\"We have hit some important milestones for the business since the beginning of the year.\n \n\"With elevate.io we have:\n \n· launched our payment gateway and onboarded our first paying customers;\n· successfully completed a fund raise in July 2025 raising gross proceeds of £2.1 million, to help fund elevate.io through its product market fit phase;\n· identified our first Ideal Customer Profile (\"ICP\") as entrepreneurs, founders and small businesses;\n· activated additional marketing channels as our confidence in the readiness of elevate.io for our ICP has increased; and\n· continued to develop elevate.io at pace with standard features (such as \"Boundary Boxes\") and innovative features (such as \"Instant review\").\n \n\"With Blackbird we have:\n· generated a positive EBITDA in H1 for the first time in the Company's history; and\n· successfully renewed contracts with IMG, CBS19 and, post period. with CBS Sports, NCSA and the global winter games for 2026.\n \n\"Our vision with elevate.io is to change the way video content is created, by building the first true co-creation platform for video. Businesses are generally made up of teams and they need to collaborate. Collaboration is not a niche in our ICP, it's the norm. Yet the workflows that exist today are linear, slow and cumbersome. By design, elevate.io's solution not only streamlines these but also removes the inherent frustration of the inefficient workflows.\n \n\"We are well into our journey to fulfil this vision; in order to achieve this transformational change to workflows we still have a way to go. Ahead of scaling up, we are working on our product market fit, which involves fill...