WILDBRAIN REPORTS Q1 2025 RESULTS
Q1 2025 Highlights
Revenue was $111.0 million, compared to $105.5 million in Q1 2024.
Net loss was $10.6 million, compared with net loss of $15.5 million in Q1 2024.
Adjusted EBITDA1 was $15.3 million, compared to $18.9 million in Q1 2024.
Cash provided by operating activities was $25.8 million, compared to cash used in operating activities of $3.0 million in Q1 2024.
Free Cash Flow1 was positive $4.8 million, compared to negative $25.4 million in Q1 2024.
TORONTO, Nov. 7, 2024 /PRNewswire/ - WildBrain Ltd. ("WildBrain" or the "Company") (TSX:WILD), a global leader in kids' and family entertainment, today reported its first quarter ("Q1 2025") results for the period ended September 30, 2024.
Josh Scherba, WildBrain President and CEO, said: "We started Fiscal Year 2025 with strong growth in Global Licensing, led by our iconic brands—Peanuts, Strawberry Shortcake and Teletubbies. The work we've been doing to simplify our business and focus on our key brands, especially building new fandom and engagement for Strawberry and Teletubbies, is showing greenshoots in our results as consumers reengage with these beloved brands. In our production business, the pipeline continues to build, and that activity will fuel earnings growth later in this fiscal year, and more importantly, in Fiscal Year 2026 and beyond. We are harnessing momentum across our business and are well positioned to deliver growth in both revenue and profitability this fiscal year."
Nick Gawne, WildBrain CFO, added: "As we announced in July, we are pleased to have successfully refinanced our debt, extended our maturity and repaid the convertible debentures. The strength in Global Licensing this quarter highlighted our strategy focusing on key franchises, and we continue to execute on our priorities of simplifying our business, reducing leverage over time and prioritizing on our high-growth areas of the business while managing our operating efficiency."
Fiscal Year 2025 Outlook
The Company reaffirms its previously announced outlook for Fiscal Year 2025. We expect:
Revenue growth of approximately 10 to 15%, and
Adjusted EBITDA growth of approximately 5 to 10%.
Q1 2025 Financial Highlights
Financial Highlights
(in millions of Cdn$)
Three Months Ended
September 30,
2024
2023
Revenue
$111.0
$105.5
Gross Margin
$52.7
$51.8
Gross Margin (%)
47 %
49 %
Adjusted EBITDA attributable to WildBrain
$15.3
$18.9
Net Income (Loss) attributable to WildBrain