WildBrain Reports Q3 Revenue Decline but Improved Margins and EBITDA
WildBrain reported fiscal Q3 revenue falling by 16% year-over-year due to content production timing, though global licensing grew 35%, contributing to a significant rise in gross margin from 33% to 46%. Adjusted EBITDA increased by 38% to CAD 6 million. The company also benefited financially from the sale of its Peanuts interest and initiated an NCIB share buyback program.
Tickers: $MCD
Topics: adjusted_ebitda gross_margin guidance_update revenue share_buybacks