Avid Technology

Avid Technology, Inc. engages in the provision of technology services for media and entertainment industry. It develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management and distribution. The company was founded by William J. Warner in September 1987 and is headquartered in Burlington, MA.

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Earnings data Q3 2024

Avid Technology reports strong FY 2022 performance and eyes subscription growth

Avid Technology delivered solid financial performance in FY 2022, driven by robust subscription revenue growth and operational efficiency.
The company's strategic initiatives, including Pro Tools Intro and enterprise subscription agreements, position it well for continued growth in 2023.
While facing challenges in hardware business diversification and SaaS migration, Avid Technology remains focused on improving profitability and cash flow.
Opportunities lie in sustained subscription revenue growth, innovation-driven value delivery, and expanding partnerships to drive business expansion.

Avid Technology reports robust Q1 performance, focuses on subscription growth

Avid Technology's Q1 2023 earnings call reflects a resilient performance marked by strong subscription revenue growth, proactive cost-saving measures, and strategic initiatives to drive subscriber expansion. Despite challenges in the audio hardware segment and supply chain constraints, the company remains focused on achieving improved profitability and cash flow in the second half of the year. Avid's long-term growth model targets creative and enterprise subscriptions, aiming for higher gross profit margins and enhanced EBITDA margins over time.

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Avid Technology, Inc. engages in the provision of technology services for the media and entertainment industry. It develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management, and distribution. The company was founded by William J. Warner in September 1987 and is headquartered in Burlington, MA.

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Avid Technology, Inc. (AVID) CEO Jeff Rosica on Q4 2019 Results - Earnings Call Transcript

Avid (AVID) delivered earnings and revenue surprises of -12.50% and 2.46%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Avid Technology (AVID) Lags Q4 Earnings Estimates

In the newly established executive position, McManus’ additional role will expand the company-wide focus on customer success and ensure exceptional experiences for every Avid client and user In the newly established executive position, McManus’ additional role will expand the company-wide focus on customer success and ensure exceptional experiences for every Avid client and user

Avid Appoints Kathy-Anne McManus to Chief Customer Experience Officer

Avid’s powerful and scalable workflow gives Genomedia the tools to quickly produce quality content and drive creativity Avid’s powerful and scalable workflow gives Genomedia the tools to quickly produce quality content and drive creativity

Genomedia Accelerates its UHD Production Capabilities with Avid MediaCentral | Editorial Management

BURLINGTON, Mass., Jan.  16, 2020  (GLOBE NEWSWIRE) -- Today at The 2020 NAMM Show,  Avid  ® ( Nasdaq: AVID  ) debuts a wide range of powerful tools and solutions in music, composing, audio post and live sound for creatives at every stage of their career. Highlights in Avid’s booth (#15502, North Hall) will include major updates of its flagship Pro Tools® and Sibelius® creative tools, control surfaces for any size venue or studio, and enhanced apps and services for creative collaboration and music distribution to streaming services.

Avid Debuts New Products at 2020 NAMM Show that Boost the Creative Powers of Music and Audio Pros from Studio to Stage

Latest Avid S6L control surface and Avid VENUE software offers engineers and sound designers a new level of control and flexibility Latest Avid S6L control surface and Avid VENUE software offers engineers and sound designers a new level of control and flexibility

Avid VENUE | S6L-48D Now Available, Taking Live Sound Production to a New Level of Performance

Through a close partnership with Berklee, Avid introduces new accessibility features for Sibelius for visually impaired users making the popular music creation software more robust Through a close partnership with Berklee, Avid introduces new accessibility features for Sibelius for visually impaired users making the popular music creation software more robust

Avid and Berklee College of Music Team Up to Deliver Innovative Accessibility Features for Visually Impaired Music Creators

Avid S1 delivers the massive mixing power of larger consoles like the Avid S6, in a more compact and affordable control surface for smaller facilities and projects or home studios Avid S1 delivers the massive mixing power of larger consoles like the Avid S6, in a more compact and affordable control surface for smaller facilities and projects or home studios

Now Available Avid S1 Brings Mixing Speed and Software Integration of High-End Pro Consoles to Home Studios

BURLINGTON, Mass., Nov.  19, 2019  (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today issued full-year 2020 guidance during its 2019 Investor Day.

Avid Technology Issues Guidance for Full-Year 2020

Avid Technology Inc. (AVID) CEO Jeff Rosica on Q3 2019 Results - Earnings Call Transcript

BURLINGTON, Mass., Oct.  31, 2019  (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, announced today that it has added a new director, Christian A. Asmar, co-founder and Managing Partner at Impactive Capital LP (“Impactive Capital”), to the Company's Board of Directors.  Impactive Capital is currently Avid’s second largest shareholder and owns 3,700,000 shares.  To allow for this appointment, the Board increased its size to ten directors.

Avid Board adds Christian Asmar from Impactive Capital as New Director

Avid (AVID) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Avid Technology (AVID) Earnings Expected to Grow: What to Know Ahead of Q3 Release

Avid (AVID) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes Avid (AVID) a New Buy Stock

Newest release of Pro Tools 2019, the go-to digital audio workstation for audio post production, enables smooth 4K resolution and high frame rate playback, while simplifying Dolby ‘in the box’ mixing Newest release of Pro Tools 2019, the go-to digital audio workstation for audio post production, enables smooth 4K resolution and high frame rate playback, while simplifying Dolby ‘in the box’ mixing

Avid Pro Tools Delivers Higher Video Resolution and Frame Rates, Streamlining Film and TV Post-Production Workflows

Let's see if Avid Technology (AVID) stock is a good choice for value-oriented investors right now from multiple angles.

Is Avid Technology (AVID) a Great Stock for Value Investors?

Improves end-to-end video editing workflows with ProRes integration for Windows and native support for ProRes RAW in Media Composer as well as native support for DNx codecs Improves end-to-end video editing workflows with ProRes integration for Windows and native support for ProRes RAW in Media Composer as well as native support for DNx codecs

Avid Delivers Video Editing Workflows with ProRes RAW and DNx Codecs

All-new Media Composer, more powerful MediaCentral and seamless NEXIS cloud storage among innovations premiering for European TV and film professionals All-new Media Composer, more powerful MediaCentral and seamless NEXIS cloud storage among innovations premiering for European TV and film professionals

Avid Debuts Reimagined Production and Post Workflow Solutions for Video and Audio Content Creators at IBC2019

Collaborating with Haivision and Microsoft, Avid breaks new ground by enabling news and sports broadcasters to easily ingest from SRT Hub for cloud-based production workflows

News for Avid Technology Stock (AVID)