WildBrain ( (TSE:WILD) ) has provided an update.
WildBrain Ltd. announced an update on the sale of its TV channels, including Family Channel and WildBrainTV, to IoM Media Ventures. Following a decision by the CRTC and an inability to negotiate a new carriage agreement with Bell Canada, Bell plans to remove these channels from its distribution service. This development has led WildBrain and IoM to renegotiate aspects of their sale agreement. Despite these challenges, WildBrain remains committed to its strategic objective of streamlining operations to focus on key franchises, which will allow the company to simplify its voting structure and enhance strategic flexibility.
Spark’s Take on TSE:WILD Stock
According to Spark, TipRanks’ AI Analyst, TSE:WILD is a Neutral.
WildBrain’s stock score of 58 reflects a company facing significant financial challenges but showing potential in certain areas. The primary concerns are the negative profitability and high leverage indicated by the financial performance score. Positive momentum in technical indicators and promising licensing revenue growth highlighted in the earnings call offer some optimism. However, the valuation remains unattractive due to negative earnings and the absence of dividends, which tempers the overall outlook.
To see Spark’s full report on TSE:WILD stock, click here.
More about WildBrain
WildBrain is a global leader in kids’ and family entertainment, specializing in 360° franchise management, content creation, audience engagement, and global licensing. The company manages popular franchises like Peanuts, Strawberry Shortcake, and Teletubbies, and has a significant presence in the entertainment industry with operations and partnerships worldwide.
YTD Price Performance: 1.45%
Average Trading Volume: 55,664
Technical Sentiment Signal: Sell
Current Market Cap: $254.2M
See more insights into WILD stock on TipRanks’ Stock Analysis page.