Wildbrain Ltd ( (WLDBF) ) has released its Q1 earnings. Here is a breakdown of the information Wildbrain Ltd presented to its investors.
WildBrain Ltd. is a Canadian company that develops, produces, and distributes films and television programs for both domestic and international markets, focusing on content creation and licensing in the entertainment industry. The company is publicly traded on the Toronto Stock Exchange under the symbol ‘WILD’.
In its latest earnings report for the three months ended September 30, 2024, WildBrain Ltd. posted a revenue of CAD 111 million, up from CAD 105.5 million the previous year. The company reported a net income of CAD 1.7 million, a significant improvement from a loss of CAD 7.7 million in the same period last year.
Key financial highlights include a notable increase in revenue from the Global Licensing segment, which rose to CAD 62.9 million from CAD 49.5 million. Despite increased finance costs of CAD 24.5 million, primarily due to changes in interest expenses and foreign exchange gains of CAD 10.4 million, the company managed to improve its net income.
Looking ahead, WildBrain Ltd. remains focused on leveraging its strategic assets in content creation and audience engagement to support future growth. Management’s outlook is cautiously optimistic, aiming to maintain momentum in revenue growth while managing operational costs effectively.
