Strong Growth in Global Licensing
Global Licensing revenue increased by 27% in Q1 with robust performance in Peanuts, WildBrain Brands like Strawberry Shortcake and Teletubbies, and WildBrain CPLG.
Strawberry Shortcake Licensing Revenue Doubles
Licensing revenue for Strawberry Shortcake doubled compared to the previous year, driven by a 600% increase in views on YouTube Shorts and high engagement on social media.
Teletubbies Engagement and Revenue Growth
Teletubbies saw strong double-digit revenue growth and significant engagement on TikTok and Instagram, with partnerships enhancing brand presence.
AVOD and FAST Channel Expansion
WildBrain's FAST viewership is on track to nearly double year-over-year, with strong growth in watch time across AVOD networks.
Successful Debt Refinancing
Successfully refinanced debt, extending maturity to 2029 and reducing leverage to 5.13x under the new credit agreement.