Seeen annual loss narrows as revenue grows; confident about future
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 $2.4 million in 2024 from $5.3 million in 2023.
Revenue climbed 48% to $3.0 million from $2.1 million.
Cost of sales increased 53% to $2.4 million from $1.6 million.
Further, the company said that in the first half of 2025, revenue jumped 80% to $2.1 million from $1.1 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 $100,000 in the first half of 2025, compared to a loss of $300,000 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 $3.5 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 $3.5 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.
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