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Blackbird PLC on Monday said it ‘looks to 2026 with huge excitement,’ as it reported a widened annual loss amid lower revenue. The London-based video editing software for media and entertainment industry said its pretax loss widened to £2.6 million in 2025 from £2.4 million in 2024. Revenue fell 14% to £1.4 million from £1.6 million. The company noted that the majority of the decline is due to deal losses in the Blackbird division, including US Department of State, Arsenal and MSG, and some non-recurring revenue in the prior year from the 2024 summer games. Executive Chair Ian McDonough said: ‘The board looks to 2026 with huge excitement. elevate.io is looking to change current video production workflows which are cumbersome and inefficient. The hypothesis we have held since the beginning - that video storytelling for brands and creators is becoming more iterative, more collaborative, and more continuous - is playing out quickly. elevate.io gives us the product to lead that shift. Our architecture gives us the platform to grow with it. Our 138,000 registered users give us the foundation. To our shareholders, partners, and everyone who has stayed the course - the best is ahead of us.’ Chief Operating & Financial Officer Stephen White said: ‘Blackbird continues to operate in line with expectations and, via an original equipment manufacturer, was successfully used at the recent winter games in Cortina. The company expects the division to again be profitable in 2026 through a focus on customer success and retention.’ Blackbird shares fell 3.4% to 1.98 pence each on Monday afternoon in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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