OTT Stock: History, Revenue, Stock Price, News & Historical Data

OTT-ONE Nyrt

About OTT Stock: OTT-ONE Nyrt Nyrt is a streaming service that provides live television and video-on-demand material. Security, eSports, and distance learning are all aspects of the company’s operations. Online video and live television are examples of streaming video possibilities.

This section of the website contains esports merchandise. The security systems industry protects information technology. There is a counseling section in online learning. The company was founded on July 29, 2010, and its headquarters are in Budapest, Hungary. 

OTT Stock- History

Budapest Stock Exchange listed HybridBox in 2010. A hybrid box was the company’s solution for customers who wanted a way to link their televisions to the Internet.

Later, FUSO EcoSystem became FUSO. Due to a shift in corporate direction and management, the company’s name was changed to OTT-ONE in 2015. The new administration shifted the company’s focus from consumer to business.

In addition to video streaming and high-tech security solutions, the company’s most popular services currently include blockchain, e-learning, AI picture recognition, and Industry.

Read Also~Volkswagen: History, Overview & Interesting Facts | Share/Stock Price

Recent Revenue

Following a 2016 management change, revenue rose from HUF 903 million to HUF 1153 million in 2017. The company’s best year was 2018. 2018 brought in HUF 548,6 million (EUR 1 686 000) more than 2017, bringing total revenue to HUF 1.7 billion (EUR 5 223,000). This is about 50% more than in 2017. The after-tax profit rose from HUF 11,4 million to HUF 215,5 million (EUR 661 000).

The company is worth over 7 billion HUF (about EUR 21 million). 

After the restructuring, HUF 250 million (EUR 770.000) in private capital was injected as OTT-largest ONE shareholder, one of the world’s major cloud-based security providers, has purchased 10% of the company. As consortium partners, the two companies collaborate on a wide range of initiatives.

HUF 300 was its worth at the end of 2017, a rise of more than 100%. One euro equals one cent in currency terms. In early 2019, the currency’s fortunes began to turn around when it was hovering around the HUF 200 mark. 

Main areas activities

OTT-diversified ONE portfolio includes both Hungarian and international programs. Orders from both the government and the commercial sector are taken into account. On-the-ground attractions include:

The corporation provides video-on-demand and live TV services.

Existing systems can benefit from high-tech security mechanisms based on the blockchain.

SRV’s adaptable e-learning platform may be customized to meet the demands of particular clients.

OTT-ONE has been actively participating in esports since 2016.

Read Also~Twitter Inc. (TWTR) History Stock Price, News & Historical Data

Artificial intelligence image recognition Plant detection, item detection, and technical infrastructure detection are a few examples of potential applications. 

Key Points

  • OTT-diversified ONE portfolio includes both Hungarian and international programs. Orders from both the government and the commercial sector are taken into account.
  • The company was founded on July 29, 2010, and its headquarters are in Budapest, Hungary. 
  • In early 2019, the currency’s fortunes began to turn around when it was hovering around the HUF 200 mark.