Wildbrain Ltd (TSE:WILD) has released an update.
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WildBrain Ltd. experienced a downturn in Q3 2024 with a revenue drop to $100.1 million from $140.9 million and a net loss of $14.7 million, contrasting with a net income of $19.4 million in the same quarter the previous year. Despite the challenges, including a slower rate of content production greenlights, the company remains hopeful due to their strong production pipeline for the upcoming years and successful partnerships with major streaming platforms. The company is focusing on its key franchises and strategic asset sales to achieve long-term financial stability and reduce debt.
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