Ultra-low latency streaming companies now claim they can “Stream in real-time to millions” and “Stream to a virtually unlimited number of users.” At Phenix, we aren’t just making claims; we actually deliver on the promise of real-time at scale. Latency is as hot of a topic as it’s ever been in live streaming, which is reflected in Phenix’s growth and the industry as a whole.
In the first half of 2024, Phenix has seen significant growth in revenue, both from existing customers and new clients.
We are thrilled to announce Year-over-Year Annual Recurring Revenue (ARR) growth for 1H 2024 of 29%. Additionally, we posted over 120% Net Revenue Retention (NRR) as of the end of 1H 2024, which demonstrates how our existing customer base values the Phenix platform and is growing their streaming business with us.
This growth comes on the back of several new features that we have introduced including:
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Real-Time Transcription and Language Translation to 30+ Languages
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Turnkey Multi-View Video Player with up to 5 camera angles or live games
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Improved Video Quality from iOS devices in challenging network conditions
We are also extremely excited about our prospects over the second half of 2024 as we begin to deliver the first Real-Time Server Side Ad Insertion (SSAI) solution to the market. Enabling SSAI while maintaining less than ½ second of end-to-end latency is unprecedented and provides broadcasters the opportunity to provide an enhanced user experience without forgoing important revenue streams.
Hear firsthand from our Founder and Chief Software Architect, Stefan Birrer, his thoughts on Phenix’s market position, growth, and future prospects.