Business
Chair’s Annual General Meeting statement
Blackbird plc reported that its Blackbird division achieved a net profit of approximately £0.38 million and positive cash flow in 2025, with its platform used for major global events. The company's elevate.io platform has seen significant enhancements including live review, subtitle integration, and AI features, and is now focusing its marketing efforts on business and marketing teams after identifying a market opportunity for streamlined workflows. Early testing with this target audience indicates positive reception to workflow-focused messaging, with further iteration planned on Meta and exploration of marketing communities. Disclaimer*
About this update from Blackbird Plc
10 June 2026 Blackbird plc (the "Company") Chair's Annual General Meeting statement Blackbird plc (AIM:BIRD), the technology licensor, developer and seller of market-leading cloud native video editing platform, Blackbird, and developer of the online collaborative video editing and content creation platform, elevate.io, is holding its 2026 Annual General Meeting (the "AGM") today at 11.00 a.m. at the offices of Blake Morgan, 6 New Street Square, London, EC4A 3DJ. Ahead of the formal business of the AGM, Ian McDonough, Executive Chair of Blackbird plc, will make the following statement: "Before proceeding with the formal part of the AGM, I should like to take the opportunity of commenting on the Company's progress since we last met. "The past year was significant for both Blackbird and elevate.io. "In 2025 the Blackbird division delivered a net profit of c.£0.38m and positive cash flow. The platform continues to be used on some of the world's most high-profile content, including at the global winter games held in Italy earlier this year. "elevate.io has been enhanced dramatically over the last 12 months with: i) the inclusion of 'live review' and instant comments; ii) the integration of services such as subtitles, image generation, music and video stock libraries (through Epidemic Sounds and Pexels); iii) the start of Digital Asset Management functionality; and iv) the addition of enhanced features and effects, such as boundary boxing and colour grading. All of this is available in a browser using Blackbird's core technology which delivers reliable smooth performance, whilst making it easily accessible and portable for all elevate.io's users. In addition, elevate.io's architecture now allows the integration of relevant third-party AI features, and several AI features have now been incorporated. "We have been experimenting during elevate.io's product market fit phase as we continued to add expected features and functionality to the platform. During this phase we have spent modest sums on marketing. We have been following a disciplined data-driven approach where improved results will lead to increasing marketing spend and activity. "Key learnings during the product market fit phase have included: · validating that business and marketing teams currently have convoluted, inefficient workflows which frustrates them, thus lea...