Globoplay adopts Harmonic’s tech for Brazilian football streaming

SAN JOSE - Globoplay, Brazil’s largest video streaming platform owned by Globo, has implemented Harmonic’s (NASDAQ:HLIT) technology to deliver low-latency live streaming of the 2025 Campeonato Brasileiro Série A football championship, according to a press release issued Tuesday. Harmonic, a $1.03 billion market cap company with a perfect Piotroski Score of 9 according to InvestingPro, appears slightly undervalued at current levels.

The platform is utilizing Harmonic’s VOS360 Media SaaS to stream over 300 matches across 38 rounds of Brazil’s premier football championship. The technology enables near-real-time viewing experiences with high video quality. The company maintains strong operational efficiency with a 55.47% gross margin and healthy financials, earning an "GREAT" rating from InvestingPro’s comprehensive analysis system.

"Streaming over 300 matches across 38 rounds of Brazil’s top football championship requires us to lean on a technology partner that can deliver true broadcast-grade performance at scale," said Diego Ramos, digital platform director at Globo.

The implementation involved running Harmonic’s solution in a public cloud region geographically close to Globo’s operations. The deployment required collaboration between multiple teams at Globo with support from Harmonic, including adjustments to video systems, CDN fine-tuning, and ensuring player compatibility.

Gil Rudge, senior vice president of solutions and Americas sales at Harmonic, stated that the partnership reinforces the company’s position in powering live sports streaming at scale.

Harmonic will showcase its streaming solutions at SET Expo 2025 in São Paulo from August 19-21 and at IBC2025 in Amsterdam from September 12-15.

The company, which specializes in virtualized broadband and video delivery solutions, enables media companies and service providers to deliver video streaming and broadcast services globally. For deeper insights into Harmonic’s financial performance and growth potential in the streaming technology sector, access the comprehensive Pro Research Report available exclusively on InvestingPro, along with 10+ additional ProTips and detailed financial metrics.

In other recent news, Harmonic Inc. reported impressive second-quarter results for 2025, surpassing both earnings and revenue expectations. The company achieved an earnings per share of $0.09, far exceeding the anticipated $0.02, which represents a 350% surprise. Revenue for the quarter reached $138 million, surpassing the forecasted $127.73 million by 8.04%. Despite this strong performance, Needham adjusted its price target for Harmonic to $12.00, down from $14.00, while maintaining a Buy rating. This adjustment reflects concerns over a slowdown in cable upgrade spending, as evidenced by Harmonic’s Broadband revenues missing the $100 million mark for the seventh time in ten quarters. These developments indicate a complex landscape for the company, with strong earnings but challenges in specific segments. Investors are advised to consider these factors when evaluating Harmonic’s future prospects.

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