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Public company info - Vobile Group Limited , 03738.HK
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Vobile Group Limited, 03738.HK - Company Profile
Chairman Yangbin Bernard WANG
Share Issued (share) 462,000,000
Par Currency U.S. Dollar
Par Value 1.0E-4
Industry E-Commerce & Internet Services
Corporate Profile Business Summary: The Group is principally engaged in providing Software as a Service (“SaaS”). Vobile Group Limited (SEHK: 3738) completed its initial public offering in January 2018 and is listed on the Main Board of the Stock Exchange of Hong Kong. Vobile was founded in 2005 in the Silicon Valley, United States. Vobile is the global leading provider of SaaS solutions to content rights holders for online video copyright protection as well as content management and monetization. It operates a comprehensive VDNA database and uses its intelligent big data system to minimize loss of revenues due to online piracy and increase profitability for content rights holders. It has built a solid customer base with trusted long-term partnership, which includes the world’s largest content owners such as Hollywood film studios, global television networks and streaming video platforms. Vobile is a winner of the 69th Technology and Engineering Emmy Awards for its video identification technology that effectively protects content copyright and value. Powered by its vision and continued technology innovation, Vobile enables its customers to unleash the full potential of online video economy in the new era. Performance for the year: The Group’s revenue in 2019 totaled US$18.8 million, representing an increase of US$3.6 million as compared to 2018. The Group’s gross profit in 2019 amounted to US$13.5 million, representing an increase of US$1.3 million as compared to 2018. The Group’s gross profit margin decreased from 80.3% in 2018 to 71.6% in 2019. The loss attributable to owners of the Company for 2019 amounted to US$6.2 million, representing an increase of US$3.7 million as compared to 2018. Business Review： 2019 has marked the history of global media entertainment industry with significant events: the launch of Disney Plus streaming service as well as the launch of Apple TV Plus service. It is also a significant year in the Group’s history. On November 16, 2019 (Hong Kong time), the Group have completed a very substantial acquisition of the Rights ID and Channel ID businesses from ZEFR, Inc. in Los Angeles, California. This is the second acquisition the Group have completed since the Group’s IPO in 2018. The first one was the acquisition of IP-Echelon in Australia, which has been integrated successfully into the Group’s content protection business. It further bolstered the Group’s global leadership in digital video content protection market. The Group now are able to provide the Group’s clients, including top-tier film studios and television networks, with a broader range of services to effectively protect their most valuable IP assets from online piracy. The newly addition of Rights ID and Channel ID business immediately established the Group’s Group as the market-leading content monetization platform on YouTube and Facebook. This acquisition also significantly expands the size and scope of the Group’s business, helping to broaden and diversify both the Group’s sources of revenue and the Group’s customer base. In addition to the Group’s existing strong customer base of film studios, television networks and other premium video content rightsholders, the Group now serve a broader sets of content owners whose IP assets are featured on the social media platforms, including YouTube, Facebook, Instagram and SoundCloud. The Group’s proprietary Software as a Service (‘‘SaaS’’) platforms help the Group’s clients prevent revenue loss from infringement and increase revenue growth in on-line distribution. In 2019, the Group made substantial investment in aggregating a large number of films and television episodes to enable the Group’s digital Pay Per Transaction (‘‘PPT’’) business, namely transactional video on demand (‘‘TVOD’’) business. The Group have entered into agreements as content supplier to major video platforms in China, such as Alibaba, iQiyi and Wasu. These platforms provide us a path to deliver the Group’s library of transactional video on demand titles to millions of consumers in China. The Group remain optimistic on the potential revenue upside of the Group’s TVOD business in the long run. Prospects: The Group remain focused on serving global premium content owners and rightsholders. The Group’s clients include film studios, television networks, record labels, DTC service providers, subscription video-on-demand content aggregators, sports leagues, toys and games company. Generally speaking, they all have media entertainment businesses. The success of media entertainment business is highly dependent on the protection of IP rights in the entertainment products and services they created, and predominantly being consumed in digital format over internet nowadays. The Group firmly believe that the Group’s core business in content protection is the essential service for all media entertainment businesses and will become even more important over time. For example, the unauthorized distribution and access to movies and television episodes of a major studio will reduce the number of subscribers of its DTC service, therefore directly reduce its revenues. This will have a much bigger impact to the studio’s business compared to the good old days when a significant amount of its revenues was guaranteed by output licensing deals. With the announced high-stakes investments in DTC services, the total investment in original content productions has been increasing dramatically over time. These developments require DTC service providers to devote substantial resources for content protection. The successful acquisition of Rights ID and Channel ID business has transformed the Group’s Group into the premier provider of comprehensive solution in content protection and monetization. The Group are the only independent rights management provider that operates in collaboration and compliance with YouTube, Facebook, Instagram and SoundCloud. The Group have the best platform and expertise to identify, prioritize and maximize video monetization on social media platforms. The ability to reach viewers of specific video content on social media platforms and deliver targeted advertising messages gives us powerful tools for brand marketing and performance marketing. With the announced high-stakes DTC services, competition for eyeballs and fighting for subscriber growth will only intensify over time. By leveraging the Group’s Rights ID and Channel ID platforms, the Group can play an even more important role for marketers of DTC services — providing cost-effective marketing tools for subscriber acquisition and retention. Content is king. Distribution is everywhere. The Group are poised to capitalize on the huge market opportunity in the coming years. The Group will continue to execute the Group’s strategic plan.

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