Big Un Ltd Half Year Results; Reach Revenues Over $1m

1st March 2016, ASX Announcement

Highlights:

• Revenues for 1H 2016 were up 278% on H1 2015 to $1.2 million, driven by strong conversion rates of member base into paying subscription members and new revenue streams from sponsorship and sales licensing
• Over 13,600 videos produced to date and increasing views of BRTV content, demonstrating growing awareness of the BRTV brand
• Global expansion continues, through licensing agreement with leading US consultancy and local presence now exstablished in six countries throughout Europe, the US and APAC
• Strong progress towards activating further revenue streams, with additional sales distribution licenses and sponsorship opportunities expected to drive growth in 2H 2016
• Sales pipeline of 14,000 merchants as at January 2016, which continues to grow through BRTVs robust sales strategy
• Successful $3.5 million equity raising during the period to fund growth initiatives in 2016

Big Un Limited (ASX: BIG of ‘BRTV’ of ‘the Company’) is pleased to report the Company’s half year results for the six month period ended 31 December 2015.

Revenues for 1H 2016 were $1.2 million, a significant increase of 278% on the prior corresponding period (1H 2015: $320k). The strong growth in revenue was driven by an increase in the number of subscription members and sponsorship and licensing agreements executed during the period.

To read the full announcement, please click here. 

To read the Director’s Report, please click here.