Boat Rocker Media Inc (TSE:BRMI) has released an update.
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Boat Rocker Media Inc. experienced a significant decline in Q1 2024 revenue, dropping 35.7% to $51.3 million from the previous year, but improved its Adjusted EBITDA to $3.2 million, marking a 279.7% increase from a Q1 2023 loss. Despite a net loss of $2.5 million, the company saw an improvement over the $9.5 million net loss in Q1 2023 and maintains a strong cash position with $98.2 million available. Boat Rocker’s content highlights include successful premieres on top streaming platforms and continued investment in new productions across various genres.
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