Business

Video Streaming Services Can Expect a Boom in their Demand Over the Next Few Years

Published

5 years ago

February 8, 2021

Video streaming services enjoy a big boom in their popularity due to the availability of personalized & high-quality content. Due to the technology revolution, there is an introduction of a big revolution in the video streaming world. And it is expected to witness a boom in the coming years as well.

According to Statista, the revenue in the video streaming services is expected to reach US$ 71,237 million in 2021. And this sector is expected to see a growth at a CAGR of 11% to reach US$ 108,306 million by 2025. The user penetration will remain at 14.3% in 2021 and it is predicted to hit 18.2% by 2025.

Out of all the places, the US will see the most revenue valued at US$ 32,082 million in 2021. It is excellent news for all media OTT services who work exceptionally hard to provide the best Cloud TV solution to customers.

There are many challenges that companies face to provide exceptional video streaming experience for better & faster video services to their clients. It is important for them to improve their cloud infrastructure and one can read more about it here.

Video streaming services must embrace robust business strategies to boost their engagement and overall revenue. Providing an excellent streaming experience for the target audience is the robust way available for video services to sustain in the market.

Video services must focus on increasing efficiency, reducing costs, and improving the customers’ satisfaction. In order to compete with other video streaming services, it is crucial for a video service to use the right promotional options for interacting with the target audience.

Business

Black Banx Group — Third Quarter 2025 Results

Published

2 days ago

November 3, 2025

Matthew Wiles

FOR IMMEDIATE RELEASE · Road Town, British Virgin Islands · October 30 2025

Black Banx reports USD 4.3 billion revenue and USD 1.6 billion pre-tax profit in third quarter 2025

Black Banx Group today announced its results for the third quarter ended 30 September 2025, delivering strong performance with further progress toward its full-year targets.

Key figures for Q3 2025:

Revenue: USD 4.3 billion
Profit before tax (PBT): USD 1.6 billion
Cost-to-income ratio: ≈ 62%
Customer base (period-end): ~92 million clients

YTD (first nine months) results: Revenue USD 12.7 billion, PBT USD 4.7 billion, positioning the Group on track toward its full-year ambitions of ~USD 17 billion revenue and ~USD 6.4 billion PBT.

“Our Q3 results reaffirm the scalability and resilience of our platform,” said Michael Gastauer, Group CEO. “By continuing to scale our client base, deepen engagement, and drive operational efficiencies, we maintain momentum toward our 100 million-customer milestone and full-year ambitions.”

Daniel Dumitrascu, Group CFO, added: “We are pleased to demonstrate sequential improvement in our cost/income ratio despite ongoing investment in growth markets. With the first nine months delivered, our Q4 plan is well calibrated to close the year strongly.”

Business highlights:

Net customer adds of approximately 8 million during Q3, bringing the total client count to ~92 million as of 30 September 2025. On pace for the 100 million-customer target by year-end.
Continued growth across emerging markets, driven by expansion efforts in Africa, South Asia and Latin America.
Strong transaction volumes across cross-border payments and cryptocurrency-adjacent services, contributing to top-line resilience.
Ongoing initiatives to optimise operations and automate processes delivered a sequential improvement in cost/income ratio to ~62% from ~64% in Q2.
Strategic investments sustained in growth markets while preserving profitability and shareholder value.

Outlook:

With three quarters behind it, Black Banx remains aligned with its 2025 full-year targets of approximately USD 17 billion in revenue and ~USD 6.4 billion in pre-tax profit. The company anticipates a seasonally stronger Q4 performance, underpinned by ongoing global client acquisition and further monetisation of its platform.

About Black Banx Group:

Black Banx Group is a global digital banking and fintech platform serving tens of millions of private and business clients across more than 180 countries. The Group offers seamless, borderless banking services, including multi-currency accounts, cross-border payments and cryptocurrency-compatible solutions. Headquartered in the British Virgin Islands, Black Banx is dedicated to innovation, financial inclusion and delivering value to its stakeholders.

Media Contact:

Black Banx Media Relations
Email: [email protected]

Forward-looking statements: This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Group’s business strategy, financial prospects, targets and trajectory. Actual results may differ materially from those anticipated.