Rightster revenues up 268%
July 28, 2015
Rightster, the digital video distribution and monetisation network, has reported during the first six months of its financial year to June 30th 2015, it continues to show strong growth across the business.
Unaudited net revenue in the period reached approximately £7 million (€9.8m), an increase of 268 per cent from the same period last year.
Management has identified further cost savings in the form of additional headcount reductions and an earlier closure of the company’s technology office in Bangalore. This takes the Company’s annualised cost savings from £3 million (as announced in February) to an estimated £5 million.
Patrick Walker, CEO of Rightster, commented: “I am delighted with the significant progress the company has made in the past six months. The management team has been able to demonstrate the strategic rationale behind the acquisitions last year through both substantial cost synergies and exploiting the revenue opportunities.”