NeuLion roars with 20% revenue rise for digital service


Details

Joseph O'Halloran

| 05 March 2016




Specialist in technology for in technology for OTT video broadcasting, distribution and monetisation of live and on-demand content to Internet-enabled devices, NeuLion has reported a strong 2015 with digital business being particularly successful.



The company reported that revenue for its fiscal year ended 31 December 2015 increased 69% to $94.0 million, almost double the amount generated a year earlier. NeuLion Digital Platform revenue increased 19% year-on-year to $66.1 million versus $55.5 million.

Revenue from its NeuLion Digital Platform grew 20% on new customer additions and expanded usage from existing customers. It added that continued scaling of the NeuLion Digital Platform contributed to a 500 basis point improvement in cost of revenue as a percentage of revenue which, along with the addition of the DivX and MainConcept revenue streams, drove a 680 basis point improvement in Non-GAAP Adjusted EBITDA margin.
NeuLion delivered 63,000 live events for the 2015 calendar year, an increase of 26% over the prior year, while at the end of the year video traffic totalled 307 petabytes, representing a 35% growth year over year and with the total 2015 video traffic more than tripling that of the 2012 calendar year.

The company also recently announced its new 4K mobile app, which enables consumers to play out video content, in up to 4K/Ultra HD resolution, captured from their cameras and smartphones, to every connected device. The company says that as consumers use more 4K enabled smartphones and cameras from brands including Apple, GoPro, Samsung, Sony, Panasonic and others, playing video captured on these devices on 4KTVs will be significantly easier with the new app.

“As an industry leader trusted by a growing and diverse group of global content owners in sports and entertainment plus the world’s largest consumer electronic companies, we continue to innovate and drive higher quality experiences for our partners,” said NeuLion chief executive officer Kanaan Jemili,. “Our unique end-to-end technology and service offerings and proven capabilities to enable on-demand and live digital content viewing anywhere and on any device place us in an excellent position to continue capitalising on the accelerating adoption of over-the-top (OTT) and 4K video worldwide. With a steady stream of new customer wins and an ongoing expansion of existing customer relationships with content owners and CE manufacturers, we are excited about our growth prospects going forward.”