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.

Earnings data Q1 2020

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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.

The maker of creative production tools is shifting to subscription-based sales at a time of rising customer interest.

Why Avid Technology Stock Is Soaring Today

The stock price of Avid Technology, Inc. (NASDAQ: AVID) increased 10.13% (from $21.71 to $23.91) pre-market. This is why it happened.

AVID Stock: 10.13% Increase (From $21.71 To $23.91) Pre-Market Explanation

Avid Technology's (AVID) CEO Jeff Rosica on Q1 2021 Results - Earnings Call Transcript

Avid (AVID) delivered earnings and revenue surprises of 40.00% and 3.88%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Avid Technology (AVID) Q1 Earnings and Revenues Surpass Estimates

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) Reports Next Week: Wall Street Expects Earnings Growth

Avid Technology Inc (NASDAQ: AVID) partnered with LiveU to enable the ingestion of IP streams for television news and remote live TV production in Avid's MediaCentral platform. LiveU was the inventor and innovator of cellular bonding for transmitting high-quality live video.

Avid Partners, LiveU To Enable Ingestion Of IP Streams

LiveU's live streaming solutions and MediaCentral | Stream simplify IP contribution from remote locations into the MediaCentral platform LiveU's live streaming solutions and MediaCentral | Stream simplify IP contribution from remote locations into the MediaCentral platform

Avid and LiveU Enable Secure Remote IP Contribution Through MediaCentral | Stream

Avid's partner launches QPlay Avid solutions for dedicated product delivery and support to TV, film and audio clients Avid's partner launches QPlay Avid solutions for dedicated product delivery and support to TV, film and audio clients

Avid Names S'hail Holding Group as Master Distributor to Expand the Reach of Its Video and Audio Business Across Qatar

Avid Technology reported its Q4 results highlighted by strong momentum in subscription revenue that is driving earnings higher. The company is benefiting from demand for video production and editing tools with more content being consumed across media platforms.

Avid Technology: Leader In Digital Media Creator Tools Is An Earnings Growth Story

Avid and Publisher Rowman & Littlefield Enable High School Certification in Digital Media Production During 2021-22 School Year Avid and Publisher Rowman & Littlefield Enable High School Certification in Digital Media Production During 2021-22 School Year

Avid Learning Academy Accelerates Media Arts Education and Career Paths in Video and Music Creation

Avid Technology, Inc. (AVID) CEO Jeff Rosica on Q4 2020 Results - Earnings Call Transcript

Avid (AVID) delivered earnings and revenue surprises of 3.13% and -0.80%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Avid Technology (AVID) Beats Q4 Earnings Estimates

Shares of Avid Technology (NASDAQ:AVID) moved lower in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share rose 17.86% over the past year to $0.33, which beat the estimate of $0.32.

Recap: Avid Technology Q4 Earnings

15.3% Sequential Revenue Growth in the Fourth Quarter as End Markets Continue to Recover from COVID-19 Downturn

Avid Technology Announces Q4 and FY 2020 Results

Production companies, post houses and broadcasters can select and configure resources and start working from anywhere on the same day Production companies, post houses and broadcasters can select and configure resources and start working from anywhere on the same day

Avid Redefines Video Editing with Public Launch of Avid | Edit On Demand Cloud Subscription Service

Is (AVID) Outperforming Other Computer and Technology Stocks This Year?

Is Avid Technology (AVID) Stock Outpacing Its Computer and Technology Peers This Year?

Companies enter into multi-year strategic partnership; In-country expertise to advance collaboration with creatives in film, TV and audio Companies enter into multi-year strategic partnership; In-country expertise to advance collaboration with creatives in film, TV and audio

Avid Names Adistec as Master Distributor to Expand the Reach of Its Video and Audio Business Throughout Latin America

Company delivers biggest Avid VENUE update since the introduction of the Avid VENUE | S6L live sound system; Three system I/O sharing and pioneering Milan network connectivity highlight key new features Company delivers biggest Avid VENUE update since the introduction of the Avid VENUE | S6L live sound system; Three system I/O sharing and pioneering Milan network connectivity highlight key new features

Avid VENUE 7 Enhancements Provide the Power and Flexibility Needed for Sound Engineers to Deliver High-Quality Performances

Avid storage and asset management solutions will enable the PBS television station to streamline Adobe Premiere Pro-based editorial workflows Avid storage and asset management solutions will enable the PBS television station to streamline Adobe Premiere Pro-based editorial workflows

PBS KVIE Selects New Avid Workflows to Transform its Production Infrastructure

Success of Avid's freemium software offering continues to accelerate with record influx of aspiring content creators obtaining free entry-level First versions of the same tools used by celebrated music, film and TV professionals Success of Avid's freemium software offering continues to accelerate with record influx of aspiring content creators obtaining free entry-level First versions of the same tools used by celebrated music, film and TV professionals

Over 3 Million Copies of the ‘First' Versions of Avid's Creative Tools Have Now Been Downloaded by Video and Music Makers

Partnership unlocks the power of IP contribution from anywhere with the MediaCentral platform Partnership unlocks the power of IP contribution from anywhere with the MediaCentral platform

Avid and Haivision Deliver on Secure Remote IP Contribution in Live Production Environments

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New solution provides simple, reliable and secure contribution from IP streams into Avid's MediaCentral platform for fast turnaround workflows New solution provides simple, reliable and secure contribution from IP streams into Avid's MediaCentral platform for fast turnaround workflows

Avid Introduces MediaCentral | Stream to Help Broadcasters Make Way for Seamless IP Content Contribution

Avid (AVID) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Avid (AVID) Rating Upgrade to Buy

BURLINGTON, Mass., Jan. 05, 2021 (GLOBE NEWSWIRE) -- Avid ® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, announced today that it has entered into a new five-year $180 million term loan and $70 million revolving credit facility with JPMorgan Chase Bank, N.A. and a syndicate of banks. The proceeds from the new term loan, plus available cash on hand, were used to repay outstanding borrowings of $201 million under the Company's existing credit facility with Cerberus Business Finance, LLC, which was then terminated. The new revolving credit facility, which was undrawn at closing, can be used for working capital, other general corporate purposes and for other permitted uses.

News for Avid Technology Stock (AVID)