NETWORK MEDIA GROUP ANNOUNCES 2024 YEAR-END RESULTS

NETWORK MEDIA GROUP ANNOUNCES 2024 YEAR-END RESULTS

Benzinga
March 31, 2025

VANCOUVER, BC, March 31, 2025 /CNW/ - Network Media Group Inc. (TSXV:NTE) (OTC:NETWF) ("Network" or "the Company") today reported annual results for the year ended November 30, 2024, including revenues of $11,231,656 (2023 - $7,127,055), a net loss of $1,910,857 (2023, a net loss of $320,937) and Adjusted EBITDA loss of $262,275 (2023, Adj. EBITDA of $169,350), and a backlog of $11.6 million. On a per-share basis, the Company reports a net loss of $0.11 per share (2023, net income of $0.02) and an Adjusted EBITDA loss per share of $0.01 (2022, Adj. EBITDA earnings of $0.01). The income per share figures are reported on a post-consolidation basis. The financial statements and related Management's Discussion and Analysis ("MD&A") can be viewed on SEDAR+ at www.sedarplus.ca.

Network President Curtis White stated: "Despite sustained industry headwinds, Network made significant progress in 2024. The year marked an important step forward for the studio as we continue to establish our premium brand and expand our IP library. The team delivered several high-profile projects that resonated with audiences, critics, and content commissioners. As we evolve our project financing models and establish new strategic partnerships, our focus remains on efficiently scaling our production pipeline to drive future growth, profitability, and value creation for our shareholders."

Key metrics for Network's three months ended Q4 2024 include the following highlights:

Revenues of $3,259,771 (2023, $1,394,500);

Net income of

https://www.benzinga.com/pressreleases/25/03/n44576114/network-media-group-announces-2024-year-end-results

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