French-British online video and ad technology company Ebuzzing says 2013 was its second profitable year in a row, reporting 50 million euros in revenue and an estimated 3 million euros in EBITDA for the year.
Its income from video advertising in particular saw growth, rising 41 percent to 45 million euros in 2014.
Last quarter, Ebuzzing made the jump overseas, and the company says it's already turned over $1 million in the US in December alone.
With offices in New York and Miami, Ebuzzing will likely make a bigger push into the States this year.
Founded in 2007 by Pierre Chappaz (of Kelkoo and Wikio fame) and Bertrand Quesada (ex-eSpotting), Ebuzzing bills itself as the fastest-growing online video technology company in Europe, with a global network covering 26,000 websites, blogs, mobile, tablet and desktop apps and social media sites in over 90 countries. On its website, Ebuzzing claims to reach over 1 billion unique users.
Ebuzzing says it differentiates by creating new video advertising distribution channels that leverage 'the interactive nature of the Web', rather than focusing on things like pre-roll ad formats.
Chappaz says 2014 will be 'the year of native video advertising':
“It is an exciting time for the industry and personally for Ebuzzing.
Our focus on technology allows us to develop formats enabling advertisers to target and engage with their audiences more effectively but also offering an alternative to publishers to better monetize their online content. This consequently protects the quality of their journalism without penalizing their readership.”
Ebuzzing is the online video partner of global brands like Heineken, MasterCard, Sony, Toyota, Red Bull, Adidas and plenty more.
The company says it currently has over 250 employees with offices in NYC, London and across France, Italy, Germany, Spain, Luxembourg, Morocco and Dubai. It’s R&D department alone employs 50 people, the company adds in a statement.
Ebuzzing has raised a total of 24 million euros from Lightspeed Ventures, Gemini Ventures, Gimv, Solorun, CoVent Partners and private national French TV channel TF1.