WildBrain reports full year and Q4 2024 results

WildBrain reported its fourth quarter ("Q4 2024") results for the period ended June 30, 2024.

Josh Scherba, WildBrain President and CEO, said: "In Fiscal Year 2024, we undertook a realignment of our global organization to focus on building key franchises across our core competencies of Content Creation, Audience Engagement and Global Licensing. Driven by our 360-degree franchise strategy and led by an experienced senior management team, we have begun to see benefits in accelerating growth for key owned franchises and partner brands. The build in our licensing business this year was offset by the industry-wide slowdown in the content greenlights due to the Hollywood strikes, but our production pipeline has been ramping up and we are seeing a return to normal levels for Fiscal 2025 and 2026. We are confident that the combination of our assets, our strategy and capabilities in the kids and family entertainment space, amounts to a unique and highly valuable foundation to deliver growth over the long term."

Continuing to execute the strategic vision

Nick Gawne, WildBrain CFO, added: "We are pleased to have announced in July a comprehensive plan to refinance our debt and repay our convertible debentures. The successful completion of the refinancing process during a challenging period for the wider industry demonstrates the robustness of our model and strategic vision. With the extended maturity, we can continue to execute on this strategic vision and drive earnings and free cash flow growth. We will continue to focus on disciplined financial management, improving our balance sheet and reducing leverage over time.“

Click at the link in the source description to see the full report. 

Source: https://investors.wildbrain.com/2024-09-17-WILDBRAIN-REPORTS-FULL-YEAR-AND-Q4-2024-RESULTS