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.

The ARRs continue to develop quite well, but EBITDA is being hit by issues on integrated solutions, which is seeing delivery delays. When supply chain bottlenecks there loosen, we'll see more hardware maintenance revenue too and some operating leverage, although the integrated solutions GM is weaker now. Enterprise conversions and wins are driving up per seat revenues, which is helpful, and there are iterations and additions to the Pro Tools product that help drive engagement.

Avid Technology: Supply Chain Delays Continue

Avid Technology (AVID) unveils its latest pro tools updates with new track widths and expanded immersive mixing workflows, improving the growing pro tools community experience.

Avid (AVID) Improves User Experience With Pro Tools Update

Pro Tools 2023.6 software also introduces new track widths, Pro Tools | Carbon surround monitoring and more Pro Tools 2023.6 software also introduces new track widths, Pro Tools | Carbon surround monitoring and more

Avid Delivers Pro Tools Innovation with Track Markers and Expanded Immersive Mixing Workflows

Leading Hollywood post house integrates Pro Tools systems for remote production workflows Leading Hollywood post house integrates Pro Tools systems for remote production workflows

Signature Post Unveils State-of-the-art Audio Post Facility Powered by Avid Solutions

A media report said the video and audio editing software specialist has put itself up for sale. It wasn't clear what price it's aiming to fetch.

Why Avid Technology Stock Was Blasting Higher This Week

Avid Technology (NASDAQ:AVID) Inc shares jumped 20% to $24.50 on Wednesday following a Reuters report that the video and audio editing software maker has hired Goldman Sachs (NYSE:GS) to explore a potential company sale. According to Reuters, the Burlington, Massachusetts-based company has asked for binding offers from interested parties.

Avid Technology stock climbs on possible company sale

Shares of video and audio editing software maker Avid Technology Inc. AVID, +19.15% jumped Wednesday following a report the company has hired Goldman Sachs to explore a potential sale. Avid shares rallied as much as 18% following Reuters' reporting of the matter, citing unnamed sources close to the proceedings.

Avid Tech stock jumps more than 15% on report of exploring potential sale

BURLINGTON, Mass., May 18, 2023 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that Jeff Rosica, its Chief Executive Officer and President, and Ken Gayron, its Executive Vice President and Chief Financial Officer, will be participating in two upcoming investor conferences.

Avid Technology to Participate in Upcoming Investor Conferences

Avid Technology, Inc. (NASDAQ:AVID ) Q1 2023 Earnings Conference Call May 4, 2023 5:30 PM ET Company Participants Whit Rappole - VP, Corporate Development & Investor Relations Jeffrey Rosica - President, CEO & Director Kenneth Gayron - EVP, CFO, Principal Financial Officer & Corporate\ Treasurer Conference Call Participants Michael Nichols - B. Riley Securities Terrell Tillman - Truist Securities Paul Chung - JPMorgan Chase & Co. Jack Aarde - Maxim Group Nehal Chokshi - Northland Capital Markets Whit Rappole Good afternoon, ladies and gentlemen.

Avid Technology, Inc. (AVID) Q1 2023 Earnings Call Transcript

Avid Technology (AVID) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.33 per share a year ago.

Avid Technology (AVID) Q1 Earnings and Revenues Miss Estimates

Avid's Works with Avid On Demand program enables seamless, secure industry-standard product integrations to accelerate content production Avid's Works with Avid On Demand program enables seamless, secure industry-standard product integrations to accelerate content production

New Avid Partner Program Certifies Third-Party Tools to Deliver Powerful New Cloud Workflows for Avid | Edit On Demand Users

Avid Technology (AVID) launches its latest Nexis Cloud Nearline Storage and Stream IO to improve production and storage facilities, suggesting a strong product pipeline and expanding clientele.

Avid Technology (AVID) Expands Clientele With New Innovations

Transitions towards cloud-based workflows and enhances audio production capabilities Transitions towards cloud-based workflows and enhances audio production capabilities

GBH Transforms Collaborative Workflows with Avid Enterprise Solutions in Broadcast News and TV Production

Avid NEXIS | Cloud Nearline Storage now available to ease data storage costs for content creation teams Avid NEXIS | Cloud Nearline Storage now available to ease data storage costs for content creation teams

Avid Brings Cost-efficient Nearline Storage to Avid | Edit On Demand

Tech preview to be featured at the upcoming NAB Show, demonstrating the scalable software solution for fast-turnaround workflows, with support for emerging formats and deployment models Tech preview to be featured at the upcoming NAB Show, demonstrating the scalable software solution for fast-turnaround workflows, with support for emerging formats and deployment models

Avid Introduces New Avid | Stream IO Software-based Media Ingest & Playout Platform to Deliver Next-Generation News and Sports Production

New production workflows provide ultimate production flexibility and operational efficiency using Avid Media Composer, Avid NEXIS storage and MediaCentral platform on TelevisaUnivision's digital transformation partner Google Cloud New production workflows provide ultimate production flexibility and operational efficiency using Avid Media Composer, Avid NEXIS storage and MediaCentral platform on TelevisaUnivision's digital transformation partner Google Cloud

TelevisaUnivision and Avid Technology Developing Production Workflows on Google Cloud

Avid Technology (AVID) launches its latest pro tools to provide post-production audio facilities, improving the growing pro tools community capabilities.

Avid Technology (AVID) Launches Pro Tools to Elevate Audio

MTRX II builds on the reliability of Pro Tools | MTRX while also delivering the Thunderbolt 3 Module to significantly improve capabilities and efficiency for the growing Pro Tools user community MTRX II builds on the reliability of Pro Tools | MTRX while also delivering the Thunderbolt 3 Module to significantly improve capabilities and efficiency for the growing Pro Tools user community

Avid Debuts New Pro Tools | MTRX II Audio Interface at NAMM Show to Elevate Creative Power of Audio Post Production Users

New and innovative cloud-based workflow integrates Avid MediaCentral, Sony Electronics' C3 Portal gateway service and Marquis software to get news to air faster than ever New and innovative cloud-based workflow integrates Avid MediaCentral, Sony Electronics' C3 Portal gateway service and Marquis software to get news to air faster than ever

Sinclair is Accelerating News Gathering through New Production Partnership with Avid, Sony and Marquis

New Media Composer for Students program prepares learners for media careers built on knowing the top tool of video storytelling New Media Composer for Students program prepares learners for media careers built on knowing the top tool of video storytelling

Avid Answers Urgent Need for Highly Skilled Film & TV Editors with Free Media Composer Software for All College Students

Offered exclusively for Avid | VENUE S6L, Soothe Live automatically corrects resonant frequencies, allowing users to focus on their music and creativity Offered exclusively for Avid | VENUE S6L, Soothe Live automatically corrects resonant frequencies, allowing users to focus on their music and creativity

Avid Collaborates with oeksound to Deliver Game-Changing In-Studio Sound Quality to Live Sound

New Avid NEXIS | F2 SSD storage engine enables media production teams to scale and collaborate on editorial finishing, VFX, animation, color grading and DI workflows New Avid NEXIS | F2 SSD storage engine enables media production teams to scale and collaborate on editorial finishing, VFX, animation, color grading and DI workflows

Avid Unveils the Next Wave of NEXIS Storage Performance Innovation for Ultra High-Resolution Video Workflows

Multiplatinum artist and sound engineer Matt Lange leads new Sonic Drop content program while also delivering PlayCell virtual instrument in latest Pro Tools release Multiplatinum artist and sound engineer Matt Lange leads new Sonic Drop content program while also delivering PlayCell virtual instrument in latest Pro Tools release

Avid Increases Performance with Full Pro Tools Apple Silicon Support and Expands Sounds and Instruments

Thousands of video and audio editors, producers, artists, educators, students, technical staff and developers can claim their valuable distinction Thousands of video and audio editors, producers, artists, educators, students, technical staff and developers can claim their valuable distinction

Avid's Global User Community Shows Off Its Media Production Skills Certification with New Badges & Digital Credentials

Hosted by The Sidney Poitier New American Film School, attendees will have the opportunity to learn from industry specialists and gain valuable hands-on experience with Avid's latest storytelling solutions for audio and video post production Hosted by The Sidney Poitier New American Film School, attendees will have the opportunity to learn from industry specialists and gain valuable hands-on experience with Avid's latest storytelling solutions for audio and video post production

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