11th Sep 2025 12:36
(Alliance News) - Seeen PLC on Thursday reported a narrowed annual loss amid sharp revenue growth which accelerated in the first half of 2025.
The London-based media and technology platform said pretax loss narrowed to USD2.4 million in 2024 from USD5.3 million in 2023.
Revenue climbed 48% to USD3.0 million from USD2.1 million.
Cost of sales increased 53% to USD2.4 million from USD1.6 million.
Further, the company said that in the first half of 2025, revenue jumped 80% to USD2.1 million from USD1.1 million a year prior.
It cited further growth in technology customers and increasing revenue from the YouTube Creator Service Partner business.
Seeen's adjusted earnings before interest, tax, depreciation and amortisation totalled USD100,000 in the first half of 2025, compared to a loss of USD300,000 a year ago.
Looking ahead, Chief Executive Adrian Hargrave said: "We are confident about the future. Our customer pipeline is stronger. We were delighted by the signing of what is potentially Seeen's largest ever contract to date during [the first half of] 2025 with a projected value of up to USD3.5 million in annualised revenue. We also see high market demand for our AI-infused video moments from the education and training sector, to assist with learning given ever-shortened attention spans among students and employees respectively."
Back in February, the company had announced a contract worth up to USD3.5 million per year with a publishing house. Seeen manages the customer's video and asset content library on YouTube which leverages its Creator Service Partner and technology offerings.
Seeen shares jumped 34% to 4.70 pence each on Thursday afternoon in London.
By Tom Budszus, Alliance News slot editor
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Seeen