Seeen plc
SEEEN plc is a global media and technology platform that applies proprietary AI and machine-learning video technology ('Key Video Moments') to help brands, creators and publishers make video content more discoverable, engaging and monetisable. It operates two synergistic businesses: a video moments/AI technology product suite (CreatorSuite, ShortsCut, Reels Galleries) and a YouTube Creator Service Provider (CSP, formerly MCN) that optimises short-form video for creators and publishers. Post year-end it acquired MEDIAL (Streaming Limited), an enterprise media library/streaming software provider, to extend into education and corporate training.
8 annual reports read, FY2018 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (8)
FY2026Next report expected 12 Jul 2027
- Open the reportJSONComing soonSixty seconds on the FY2025 report
SEEEN plc uses its own AI video technology to help brands and publishers get more from their videos, and manages YouTube channels for creators. Revenue rose 65.0% to $5.0m from $3.0m, but the loss after tax widened to $2.7m from $2.4m. Most of the growth came from the YouTube channel business, which earned more per view after moving to better-quality channel partners, while running costs stayed broadly flat. The loss was swollen by a one-off $1.194m write-down in the value of software the company had built, plus other one-off costs such as professional fees. Cash at the year end was $1.4m, against borrowings of $253k. Shareholders put in $1.1m for new shares, and no dividend is proposed. Management said cash coming in matched cash going out in the second half of 2025, and that channel revenue grew more than 40% in the first half of 2026. After the year end it bought MEDIAL, a streaming software firm. The auditors raised no doubt about the company continuing, though the report flags heavy reliance on YouTube's rules.
From the reportevery line sits on the page it namesWhat drove revenueCSP revenue from YouTube advertising share, driven by views and yield per view
CSP revenue up 71% on 27% more views (3.0bn vs 2.4bn) due to migration to higher quality channel partners
page 9AndLargest-ever CSP contract signed Feb 2025
Contract worth up to $3.5m annually; by year end worth approximately $1.5 million on an annualised basis
page 4What moved the margintailwindOperating leverage from flat administrative cost base against revenue growth
Reported administrative cost base remained broadly stable year on year despite material revenue growth, described as operating leverage available to the Group as it scales
page 8AndtailwindCSP yield per view improving faster than view growth
Views up 27% to 3.0bn but CSP revenue up 71%, reflecting migration to higher quality channel partners
page 9One-offs in the year$331k charge: Non-core professional fees (transactions, litigation, audit overrun fees)
page 9What management said2025 represented a year of further rapid growth with revenue growth of 65%, maintaining a consistent cost base that drove the business to cash flow breakeven during 2H 2025
page 4After the year endApril 2026: Group agreed to acquire 100% of Streaming Limited (trading as MEDIAL) for maximum consideration of approximately £1.2m: £1.0m initial consideration (£0.95m cash + 1,000,000 new ordinary shares) plus £0.2m deferred cash payable over eight quarters subject to no warranty claims. Equity subscription of £130,000 raised and £325,000 new loan capital arranged with Adrian Hargrave and Robert Thomas in connection with the acquisition
page 13Going concern and the auditUnqualified ('true and fair') audit opinion from HaysMac LLP; no material uncertainty regarding going concern identified. Directors adopted going concern basis after reviewing 12-month cash flow forecasts to December 2026, incorporating the MEDIAL acquisition, worst-case downside scenarios (no new customer wins, inflationary cost pressures) and post year-end funding (share/loan note issuance, warrant exercises). Key Audit Matters: carrying value of other intangible assets (impairment, note 10), capitalisation of intangible development costs (note 10), and carrying value of investments/intercompany receivables in the Parent Company (note 11)
page 24The risks it names first- Technological advances within the industry / AI competition risk — failure to adapt to AI-driven solutions could materially impair competitive positionp.9
- Customer risk — dependence on existing customers continuing to use products and ability to win new customers using them as references; risk heightened in a recessionp.10
- YouTube/Google changes — alteration of terms of business for creators/CSPs could significantly impact CSP operationsp.10
- Advertising revenue risk — dependence on YouTube ad revenue and demonetisation events (e.g. recent change to monetisation suitability requirements)p.10
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- FY2022Year to 31 Dec 2022 Opens with a free accountThe report, its reading and its figures
- FY2021Year to 31 Dec 2021 Opens with a free accountThe report, its reading and its figures
- FY2020Year to 31 Dec 2020 Opens with a free accountThe report, its reading and its figures
- FY2019Year to 30 Jun 2019 Opens with a free accountThe report, its reading and its figures
- FY2018Year to 30 Jun 2018 Opens with a free accountThe report, its reading and its figures