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Broadpeak revenue stable in third quarter of 2024
Broadpeak, a specialist in video streaming software solutions, has announced revenue of €8.7 million for the third quarter of 2024, an increase of 10% compared to the previous year. In total, revenue for the first nine months of the year amounts to €25.8 million, reflecting a slight decrease of 0.4% compared to 2023.
Regional performance varied. Europe, Middle East and Africa (EMEA) grew 9.2% on new business, while the Americas saw a decline of 2.9%. The Asia-Pacific region saw a strong recovery in the third quarter with an increase of 250.7%.
The Licenses & Services and SaaS segments, which represent more than 90% of the business, grew by 8.3% over the period. Broadpeak maintains its forecast of a return to revenue growth for the end of 2024 and beyond.
R. E.
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