WildBrain Announces Financial Results for Q3 2024, Revealing Downturn in Revenue and Profits

WildBrain, a leading kid's content and brands company, reported its financial results for the third quarter of 2024, experiencing a notable decline in both revenue and profitability. The company, traded under the ticker WLDBF, witnessed a decrease in revenue to $100.1 million, which represents a substantial fall from $140.9 million reported during the same quarter in the previous year. This downturn reflects the challenges faced by the company in an ever-evolving industry landscape.

Detailed Financial Performance

WildBrain's financial struggles are further illustrated by the company's net loss of $14.7 million for Q3 2024, a stark contrast to the net income of $19.4 million reported in Q3 2023. This represents a significant shift from profit to loss in the year-over-year comparison. Moreover, the company's Adjusted EBITDA¹ also took a hit, coming in at $19.6 million, a decline from $32.9 million during the same period in 2023. The drop-in adjusted EBITDA echoes the broader revenue and profit setbacks that the company is currently working to navigate.

WildBrain, Revenue, Profits, EBITDA, WLDBF