- Brave Bison Group cut its annual losses and swung to positive earnings amid higher revenue driven by growth in Facebook platform advertising.

For the twelve months ended 31 December 2018, losses were cut to £0.1m from £17.2m a year earlier, and revenue increased 19% to £21.2m.

The company swung to a positive adjusted earnings (EBITDA) of £0.8m from a £0.9m loss.

'2018 has been a transformative year for Brave Bison in terms of our financial results, our market positioning, and the value we have created for shareholders, said Claire Hungate, Chief Executive Officer.

'I am delighted with what we achieved in the year, particularly becoming adjusted EBITDA positive and Tubular Labs listing us as the biggest publisher on Facebook based on views. Looking ahead, while there are challenges of running a digital media business, there are also a lot of opportunities to capitalise on, in a world increasingly dominated by social media and video content.'

At 9:38am: [LON:BBSN] Brave Bison Group Plc share price was -0.4p at 3p

Story provided by