In the past year, we've been on a transformative path, driven by strategic decisions, operational enhancements, and a deep commitment to our community and products. Today, I would like to share another significant milestone in our journey. We have entered into an agreement with Bending Spoons to acquire Hopin (a.k.a. StreamYard Top Corp) and our creative product suite including StreamYard, Streamable, and Superwave.
Following the divestiture of our Events business over the past year, we honed our operations, expanded our core offerings—focusing on StreamYard, Streamable, and Superwave—and evolved our product portfolio considerably. Notably, the introduction of new features and products, including an enhanced live streaming studio with portrait mode and Instagram streaming, AI-generated thumbnails, isolated local recordings, AI-optimized audio quality for podcasting, transcripts, webinar branding, better access controls for businesses, and more.
We concluded the year growing our revenue, reducing churn to an all-time low, and improving operational efficiencies, a testament to our dedicated team and the unwavering support of our community.
As the business embarks on this exciting new chapter with Bending Spoons, my deepest gratitude extends to the incredibly talented people at Hopin, the leadership team at StreamYard, and the entire Hopin family. Your support, feedback, and passion have been instrumental in our success. I’m proud of the work we’ve done to help creators and businesses engage billions of people around the world. Thank you to our community and customers for your continued engagement and trust.