CA Market News
2月前
CORRECTION FROM SOURCE: WildBrain Reports Q3 2026 ResultsMay 14, 2026 10:30 AM
NewsfileThis release corrects and replaces the press release issued by WildBrain Ltd. on May 13, 2026 - 8:45PM EDT, replacing the Supplemental Tables due to typographical errors.Q3 Operational HighlightsGlobal Licensing delivered strong 35% year-over-year revenue growth, reflecting momentum across both owned brands and WildBrain CPLG. Completed sale of the Company's interest in Peanuts, eliminating the Senior Secured Credit Facility and significantly enhancing financial flexibility.New animated/live-action Strawberry Shortcake content launched with digital-first series on YouTube.Strawberry Shortcake featured in numerous fan activations, including an eight-week "swing shop" and windows at FAO Schwarz New York.Subsequent to the quarter, commenced a normal course issuer bid ("NCIB") share buyback program approved by the Company's Board of Directors and the TSX; repurchased and cancelled 358,600 common shares for $542,310.Q3 Financial Highlights for Continuing Operations1Revenue from continuing operations was $61.2 million, down 16% year over year. Net loss from continuing operations attributable to Shareholders of the Company was $19.9 million, compared with net loss of $18.6 million in Q3 2025. Adjusted EBITDA from continuing operations attributable to Shareholders of the Company ("WildBrain EBITDA")2,3 was $5.8 million, up 38% year over year. Q3 Financial Highlights for Discontinued Operations1Revenue from discontinued operations was $42.1 million, down 34% year over year, mainly due to the Peanuts transaction closing on March 2nd and the closure of the Canadian Television Business. WildBrain EBITDA from discontinued operations2,3 was $5.4 million, compared with $21.9 million in Q3 2025.Toronto, Ontario--(Newsfile Corp. - May 14, 2026) - WildBrain Ltd. (TSX: WILD) ("WildBrain" or the "Company"), a global leader in family entertainment, today reported its third quarter ("Q3 2026") results for the period ended March 31, 2026.Josh Scherba, WildBrain President and CEO, said: "This quarter marked an important milestone for WildBrain as we closed the Peanuts transaction, strengthened our balance sheet, and continued to build momentum across our core growth drivers. We are seeing strong performance in Global Licensing, growing fan engagement across our owned franchises, and encouraging progress as we position the business for its next phase of growth and scalability."Nick Gawne, WildBrain CFO, added: "With debt eliminated, we have significantly strengthened our financial flexibility as we continue to execute against our strategic priorities. The launch of our NCIB program reflects our commitment to returning capital to shareholders alongside disciplined capital allocation. At the same time, we have started to lay the groundwork for the next phase of the Company's evolution through targeted investments in organizational design, automation, and foundational technology. While still in the early stages, these initiatives are expected to create a more efficient, scalable operating model and support stronger long-term profitability."Fiscal Year 2026 Outlook Fiscal 2026 guidance remains paused while the Company accelerates a transformational agenda that is reshaping its growth profile and positioning it for durable, higher-quality returns. Over the past twelve months, the Company has executed a series of strategic moves—including the exit of its Television business, simplification of its share structure, and the sale of its interest in Peanuts with the associated full repayment of debt—that materially strengthened the balance sheet and sharpened management's focus on high-growth opportunities.With debt eliminated and strong free cash flow from continuing operations, the Company is well positioned to invest meaningfully in structural reorganization and automation initiatives that will reduce SG&A, improve scalability, and enhance long-term margins. These investments are expected to begin delivering measurable benefits in calendar 2027 and beyond, while the Company continues to drive near-term operational performance across its owned brands, WildBrain CPLG, its production slate, and its differentiated digital platforms.The Company will re-segment its financial reporting structure to reflect our updated operating model and the way management reviews performance and allocates resources internally. Given the timing and early stage of the infrastructure and technology investments, the Company is maintaining a pause on Fiscal 2026 guidance. Management expects to learn more about the scale of our transformation opportunities in the coming months and anticipates resuming financial guidance for Fiscal 2027. The Company will continue to provide regular qualitative updates on strategic priorities, operational progress, and the path to enhanced profitability.Q3 2026 Financial Highlights from Continuing Operations1In Q3 2026, revenue from continuing operations decreased to $61.2 million, compared to $72.9 million in Q3 2025. Global Licensing revenue increased 35% to $25.1 million in Q3 2026, compared to $18.7 million in Q3 2025. Revenue in the quarter was driven by WildBrain's owned brands, Strawberry Shortcake and Teletubbies, and our global licensing agency, WildBrain CPLG.Content Creation and Audience Engagement revenue decreased 33% to $36.1 million in Q3 2026, compared to $54.2 million in Q3 2025, primarily reflecting the timing of live-action production revenue, as well as lower Audience Engagement revenue in the quarter. Gross Margin2 for Q3 2026 increased to 46%, compared to Gross Margin of 33% in Q3 2025. Gross Margin for Q3 2026 was $28.0 million, an increase of $4.2 million, compared to $23.8 million for Q3 2025, reflecting the growing contribution of the Company's higher-margin Global Licensing business. WildBrain EBITDA from continuing operations increased 38% to $5.8 million in Q3 2026, compared with $4.2 million in Q3 2025, reflecting improved Gross Margin performance and continued growth in Global Licensing. Q3 2026 net loss from continuing operations attributable to Shareholders of the Company was $19.9 million, compared to a net loss of $18.6 million in Q3 2025. Other Financial HighlightsCash provided by operating activities, which is presented on a consolidated basis, was $28.2 million, compared to cash provided by operating activities of $47.3 million in Q3 2025.Free Cash Flow2, which is presented on a consolidated basis, was negative $15.5 million, compared to positive $12.7 million in Q3 2025, primarily reflecting interest paid prior to the repayment of debt following the Peanuts transaction and timing impacts related to production financing. Supplemental Table: WildBrain EBITDA from continuing operations(in millions of Cdn$)
3Q26 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25Revenue4 $ 61.2 $ 71.6 $ 57.9 $$ 77.4 $$ 72.9 $$ 65.1 $$ 58.7Cost of Sales $ (33.2) $ (35.7) $ (31.8) $ (45.8) $ (49.1) $ (33.9) $ (35.2) Gross Margin $ 28.0 $ 35.9 $ 26.1 $ 31.6 $ 23.8 $ 31.2 $ 23.5 SG&A $ (22.2) $ (21.0) $ (22.1) $ (23.3) $ (20.3) $ (19.5) $ (20.7) Adjusted EBITDA $ 5.8 $ 14.9 $ 4.0 $ 8.2 $ 3.5 $ 11.7 $ 2.8 Portion of Adjusted EBITDA attributable to
NCI $ — $ — $ 0.1 $ (0.2) $ 0.8 $ (0.2) $ —WildBrain EBITDA from continuing operations $ 5.8 $ 14.9 $ 4.1 $ 8.1 $ 4.2 $ 11.5 $ $2.8 Supplemental Table: WildBrain EBITDA from discontinued operations(in millions of Cdn$) 3Q26 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25Revenue4 $ 42.1 $126.3 $67.6 $ 61.7 $ 67.3 $ 68.0 $ 52.3 Cost of Sales $ (24.7) $ (70.0) $ (30.2) $(30.0) $ (28.2) $ (34.9) $ (23.1) Gross Margin $ 17.4 $ 56.3 $ 37.4 $ 31.7 $ 39.1 $ 33.1 $ 29.2 SG&A $ (4.1) $ (8.0) $ (7.2) $(6.8) $ (7.6) $ (6.9) $ (6.6) Adjusted EBITDA $ 13.4 $ 48.3 $ 30.2 $ 24.9 $ 31.5 $ 26.2 $ 22.6 Portion of Adjusted EBITDA attributable to
NCI $ (7.9) $ (25.7) $ (13.4) $(8.4) $ (9.7) $ (11.5) $ (10.0) WildBrain EBITDA from discontinued
operations $ 5.4 $22.6 $16.8 $ 16.5 $ 21.9 $14.7
$12.5 Subsequent to the closure of Television on October 22, 2025, and the announcement of the definitive agreement to sell its 41% stake in Peanuts Holdings LLC on December 18, 2025, in order to provide a consistent and clear view of the continuing operations of the business, the Company is presenting its results both on a continuing operations and discontinued operations basis. The continuing operations basis excludes the results of Television, and Peanuts. The results of Peanuts remove the results arising directly from the Company's ownership of 41% of Peanuts Holdings LLC, the Company's current role as distributor of Peanuts content, and any adjustments made to balances to consolidate Peanuts activity into the Company's results. For example, commissions earned representing Peanuts' consumer products business are recorded as revenue from continuing operations, and the commensurate cost of sale is recorded as discontinued operations.Free Cash Flow, Gross Margin, Adjusted EBITDA, and Adjusted EBITDA attributable to Shareholders of the Company are non-GAAP financial measures. See below for further details.WildBrain EBITDA refers to Adjusted EBITDA attributable to Shareholders of the Company. WildBrain EBITDA from continuing operations and discontinued operations excludes the portion of Adjusted EBITDA attributable to non-controlling interests. Continuing and discontinued operations do not sum to previously reported consolidated revenue and cost of sales primarily due to the recognition of WildBrain CPLG commissions in continuing operations, which were previously eliminated as intercompany revenue under consolidated reporting.Q3 2026 Conference CallThe Company will hold a conference call on May 14, 2026, at 10:00 a.m. ET to discuss the results.To listen online, please visit the following link: https://www.gowebcasting.com/14701.To listen by phone, please dial +1-833-752-5599 in North America (toll free) or +1 647-258-0576 internationally (tolls apply). If dialing in, please allow 10 minutes to be connected to the conference call.Replay will be available at the above link or by dialing 1-855-669-9658 in North America (toll free) or +1 412-317-0088 internationally (tolls apply), until May 21, 2026, using access code 4307142.The audio and transcript will also be archived on WildBrain's website approximately three business days following the call.For more information, please contact:Investor Relations: Kathleen Persaud - VP, Investor Relations, WildBrain
kathleen.persaud @Fli-by-6089Media: Shaun Smith - Sr. Director, Global Communications & Public Relations, WildBrain
CA Market News
2月前
WildBrain Reports Q3 2026 ResultsMay 13, 2026 8:45 PM
NewsfileQ3 Operational HighlightsGlobal Licensing delivered strong 35% year-over-year revenue growth, reflecting momentum across both owned brands and WildBrain CPLG. Completed sale of the Company's interest in Peanuts, eliminating the Senior Secured Credit Facility and significantly enhancing financial flexibility.New animated/live-action Strawberry Shortcake content launched with digital-first series on YouTube.Strawberry Shortcake featured in numerous fan activations, including an eight-week "swing shop" and windows at FAO Schwarz New York.Subsequent to the quarter, commenced a normal course issuer bid ("NCIB") share buyback program approved by the Company's Board of Directors and the TSX; repurchased and cancelled 358,600 common shares for $542,310.Q3 Financial Highlights for Continuing Operations1Revenue from continuing operations was $61.2 million, down 16% year over year. Net loss from continuing operations attributable to Shareholders of the Company was $19.9 million, compared with net loss of $18.6 million in Q3 2025. Adjusted EBITDA from continuing operations attributable to Shareholders of the Company ("WildBrain EBITDA")2,3 was $5.8 million, up 38% year over year. Q3 Financial Highlights for Discontinued Operations1Revenue from discontinued operations was $42.1 million, down 34% year over year, mainly due to the Peanuts transaction closing on March 2nd and the closure of the Canadian Television Business. WildBrain EBITDA from discontinued operations2,3 was $5.4 million, compared with $21.9 million in Q3 2025.Toronto, Ontario--(Newsfile Corp. - May 13, 2026) - WildBrain Ltd. (TSX: WILD) ("WildBrain" or the "Company"), a global leader in family entertainment, today reported its third quarter ("Q3 2026") results for the period ended March 31, 2026. Josh Scherba, WildBrain President and CEO, said: "This quarter marked an important milestone for WildBrain as we closed the Peanuts transaction, strengthened our balance sheet, and continued to build momentum across our core growth drivers. We are seeing strong performance in Global Licensing, growing fan engagement across our owned franchises, and encouraging progress as we position the business for its next phase of growth and scalability."Nick Gawne, WildBrain CFO, added: "With debt eliminated, we have significantly strengthened our financial flexibility as we continue to execute against our strategic priorities. The launch of our NCIB program reflects our commitment to returning capital to shareholders alongside disciplined capital allocation. At the same time, we have started to lay the groundwork for the next phase of the Company's evolution through targeted investments in organizational design, automation, and foundational technology. While still in the early stages, these initiatives are expected to create a more efficient, scalable operating model and support stronger long-term profitability."Fiscal Year 2026 Outlook Fiscal 2026 guidance remains paused while the Company accelerates a transformational agenda that is reshaping its growth profile and positioning it for durable, higher-quality returns. Over the past twelve months, the Company has executed a series of strategic moves-including the exit of its Television business, simplification of its share structure, and the sale of its interest in Peanuts with the associated full repayment of debt-that materially strengthened the balance sheet and sharpened management's focus on high-growth opportunities.With debt eliminated and strong free cash flow from continuing operations, the Company is well positioned to invest meaningfully in structural reorganization and automation initiatives that will reduce SG&A, improve scalability, and enhance long-term margins. These investments are expected to begin delivering measurable benefits in calendar 2027 and beyond, while the Company continues to drive near-term operational performance across its owned brands, WildBrain CPLG, its production slate, and its differentiated digital platforms.The Company will re-segment its financial reporting structure to reflect our updated operating model and the way management reviews performance and allocates resources internally. Given the timing and early stage of the infrastructure and technology investments, the Company is maintaining a pause on Fiscal 2026 guidance. Management expects to learn more about the scale of our transformation opportunities in the coming months and anticipates resuming financial guidance for Fiscal 2027. The Company will continue to provide regular qualitative updates on strategic priorities, operational progress, and the path to enhanced profitability.Q3 2026 Financial Highlights from Continuing Operations1In Q3 2026, revenue from continuing operations decreased to $61.2 million, compared to $72.9 million in Q3 2025. Global Licensing revenue increased 35% to $25.1 million in Q3 2026, compared to $18.7 million in Q3 2025. Revenue in the quarter was driven by WildBrain's owned brands, Strawberry Shortcake and Teletubbies, and our global licensing agency, WildBrain CPLG.Content Creation and Audience Engagement revenue decreased 33% to $36.1 million in Q3 2026, compared to $54.2 million in Q3 2025, primarily reflecting the timing of live-action production revenue, as well as lower Audience Engagement revenue in the quarter. Gross Margin2 for Q3 2026 increased to 46%, compared to Gross Margin of 33% in Q3 2025. Gross Margin for Q3 2026 was $28.0 million, an increase of $4.2 million, compared to $23.8 million for Q3 2025, reflecting the growing contribution of the Company's higher-margin Global Licensing business. WildBrain EBITDA from continuing operations increased 38% to $5.8 million in Q3 2026, compared with $4.2 million in Q3 2025, reflecting improved Gross Margin performance and continued growth in Global Licensing. Q3 2026 net loss from continuing operations attributable to Shareholders of the Company was $19.9 million, compared to a net loss of $18.6 million in Q3 2025. Other Financial HighlightsCash provided by operating activities, which is presented on a consolidated basis, was $28.2 million, compared to cash provided by operating activities of $47.3 million in Q3 2025.Free Cash Flow2, which is presented on a consolidated basis, was negative $15.5 million, compared to positive $12.7 million in Q3 2025, primarily reflecting interest paid prior to the repayment of debt following the Peanuts transaction and timing impacts related to production financing. Supplemental Table: WildBrain EBITDA from continuing operations
(in millions of Cdn$)
3Q26
2Q26
1Q26
4Q25
3Q25
2Q25
1Q25
Revenue4$61.2
$72.4
$58.6
$78.1
$73.9
$65.5
$59.0
Cost of Sales$(33.2)$(36.5)$(32.5) $(46.5)$(50.1)$(34.3)$(35.5)Gross Margin$28.0
$35.9
$26.1
$31.6
$23.8
$31.2
$23.5
SG&A$(22.2)$(21.0)$(22.1) $(23.3)$(20.3)$(19.5)$(20.7)Adjusted EBITDA$5.8
$14.9
$4.0
$8.2
$3.5
$11.7
$2.8
Portion of Adjusted EBITDA attributable to NCI$-
$-
$0.1
$(0.2)$0.8
$(0.2)$-
WildBrain EBITDA from continuing operations$5.8
$14.9
$4.1
$8.1
$4.2
$11.5
$2.8
Supplemental Table: WildBrain EBITDA from discontinued operations
(in millions of Cdn$)
3Q26
2Q26
1Q26
4Q25
3Q25
2Q25
1Q25
Revenue4 $42.1
$131.8
$71.9
$65.7
$71.4
$72.2
$55.7
Cost of Sales $(24.7)$(75.5)$(34.6) $(34.0)$(32.4)$(39.1)$(26.5)Gross Margin $17.4
$56.3
$37.3
$31.7
$39.1
$33.1
$29.2
SG&A $(4.0)$(8.0)$(7.2) $(6.8)$(7.6)$(6.9)$(6.6)Adjusted EBITDA $13.4
$48.3
$30.2
$24.9
$31.5
$26.2
$22.6
Portion of Adjusted EBITDA attributable to NCI $(7.9)$(25.7)$(13.4) $(8.4)$(9.7)$(11.5)$(10.0)WildBrain EBITDA from discontinued operations $5.4
$22.6
$16.8
$16.5
$21.9
$14.7
$12.5
Subsequent to the closure of Television on October 22, 2025, and the announcement of the definitive agreement to sell its 41% stake in Peanuts Holdings LLC on December 18, 2025, in order to provide a consistent and clear view of the continuing operations of the business, the Company is presenting its results both on a continuing operations and discontinued operations basis. The continuing operations basis excludes the results of Television, and Peanuts. The results of Peanuts remove the results arising directly from the Company's ownership of 41% of Peanuts Holdings LLC, the Company's current role as distributor of Peanuts content, and any adjustments made to balances to consolidate Peanuts activity into the Company's results. For example, commissions earned representing Peanuts' consumer products business are recorded as revenue from continuing operations, and the commensurate cost of sale is recorded as discontinued operations.Free Cash Flow, Gross Margin, Adjusted EBITDA, and Adjusted EBITDA attributable to Shareholders of the Company are non-GAAP financial measures. See below for further details.WildBrain EBITDA refers to Adjusted EBITDA attributable to Shareholders of the Company. WildBrain EBITDA from continuing operations and discontinued operations excludes the portion of Adjusted EBITDA attributable to non-controlling interests. Continuing and discontinued operations do not sum to previously reported consolidated revenue and cost of sales primarily due to the recognition of WildBrain CPLG commissions in continuing operations, which were previously eliminated as intercompany revenue under consolidated reporting.
Q3 2026 Conference CallThe Company will hold a conference call on May 14, 2026, at 10:00 a.m. ET to discuss the results.To listen online, please visit the following link: https://www.gowebcasting.com/14701To listen by phone, please dial +1-833-752-5599 in North America (toll free) or +1 647-258-0576 internationally (tolls apply). If dialing in, please allow 10 minutes to be connected to the conference call.Replay will be available at the above link or by dialing 1-855-669-9658 in North America (toll free) or +1 412-317-0088 internationally (tolls apply), until May 21, 2026, using access code 4307142.The audio and transcript will also be archived on WildBrain's website approximately three business days following the call. For more information, please contact:Investor Relations: Kathleen Persaud - VP, Investor Relations, WildBrain
kathleen.persaud @Fli-by-6089Media: Shaun Smith - Sr. Director, Global Communications & Public Relations, WildBrain
CA Market News
2月前
WildBrain Announces Conference Call for Its Fiscal 2026 Q3 Financial ResultsApril 29, 2026 7:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - April 29, 2026) - WildBrain Ltd. (TSX: WILD) ("WildBrain" or the "Company"), a global leader in family entertainment, will report its Fiscal 2026 Q3 financial results after market close on Wednesday, May 13, 2026, and hold a conference call at 10:00 a.m. ET, Thursday, May 14, 2026, during which Company management will discuss the results.To listen online, please visit the following link: https://www.gowebcasting.com/14701 To listen by phone, please dial 1-833-752-5599 in North America (toll-free) or +1 647-258-0576 internationally (tolls apply). If dialing in, please allow 10 minutes to be connected to the conference call.Replay will be available at the above link or by dialing 1-855-669-9658 in North America (toll-free) or +1 412-317-0088 internationally (tolls apply), until May 21, 2026, using access code 4307142.The audio and transcript will also be archived on WildBrain's website approximately three business days following the call.For more information, please contact:Investors
Kathleen Persaud, Vice President, Investor Relations, WildBrain
kathleen.persaud@wildbrain.com
+1 212 405 6089Media
Shaun Smith, Senior Director, Global Communications and Public Relations, WildBrain
shaun.smith@wildbrain.com
+1 416 977 7230About WildBrainAt WildBrain, we build and grow beloved family brands through exceptional entertainment experiences. Home to franchises such as Strawberry Shortcake, Teletubbies, Yo Gabba Gabba!, Inspector Gadget and Degrassi, we are a global leader in franchise management-bringing stories to life through content production, audience reach and consumer products. Our award-winning studio has partnered with top global platforms such as Apple TV, Netflix and the BBC, producing acclaimed series such as The Snoopy Show, Strawberry Shortcake: Berry in the Big City, Teletubbies (2015), Yo Gabba GabbaLand! and Finding Her Edge. Through our global digital network across YouTube, FAST and AVOD, we deliver premium, broadcast-quality content to today's kids and families wherever they're watching-connecting brands to audiences at scale and offering advertisers one of the largest digital inventories in family media. WildBrain CPLG, our global licensing and consumer products arm, represents our own and partner brands across major territories worldwide. Headquartered in Toronto, WildBrain trades on the Toronto Stock Exchange (TSX: WILD). Visit us at wildbrain.com.Forward-Looking StatementsThis press release contains "forward-looking statements" under applicable securities laws with respect to the Company. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and are based on information currently available to the Company. Actual results or events may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations, among other things, include the availability of and cost of financing, general economic and market conditions and the impact of such conditions on the industries in which WildBrain operates, competition and the potential impact of industry mergers and acquisitions, market factors, WildBrain's ability to identify and execute anticipated production, distribution, licensing and other contracts, contractual counterparty risk, the ability of WildBrain to realize the expected value of its assets, supply chain and other related disruptions, and risk factors discussed in materials filed with applicable securities regulatory authorities from time to time including matters discussed under "Risk Factors" in the Company's most recent Annual Information Form and annual Management Discussion and Analysis. These forward-looking statements are made as of the date hereof, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294570
Original: WildBrain Announces Conference Call for Its Fiscal 2026 Q3 Financial Results
CA Market News
3月前
WildBrain announces normal course issuer bidApril 8, 2026 7:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - April 8, 2026) - WildBrain Ltd. (TSX: WILD) ("WildBrain" or the "Company"), a global leader in family entertainment, announced today that the Toronto Stock Exchange (the "TSX") has accepted the Company's notice of intention to make a normal course issuer bid (the "NCIB").Pursuant to the NCIB, WildBrain may purchase, from time to time, up to 11,418,541 common shares of the Company (the "Common Shares"), representing approximately 10% of the Company's public float as of March 31, 2026, calculated in accordance with TSX rules. As of March 31, 2026, there were 213,814,293 Common Shares issued and outstanding, of which 114,185,411 Common Shares comprised the public float.The NCIB will commence on April 10, 2026 and will terminate on the earlier of (i) April 9, 2027, (ii) the date on which the Company has purchased the maximum number of Common Shares permitted under the NCIB, or (iii) such earlier date as the Company may determine.Purchases under the NCIB may be made on the open market through the facilities of the TSX and/or alternative Canadian trading systems at the prevailing market price at the time of acquisition, in accordance with the rules and policies of the TSX and applicable securities laws. Subject to the TSX's block purchase exception, the maximum number of Common Shares that may be purchased on any trading day will not exceed 28,120 Common Shares, representing 25% of the average daily trading volume of the Common Shares on the TSX for the six-month period ended March 31, 2026, being 112,480 Common Shares.All Common Shares purchased under the NCIB will be cancelled. The Company has not purchased any of its shares in the past 12 months.The Company and its Board of Directors believe that, from time to time, the market price of its Common Shares may not fully reflect the underlying value of WildBrain's business, assets and long-term prospects. The NCIB provides the Company with additional flexibility to deploy capital in a manner that is in the best interests of the Company and its shareholders and represents an appropriate use of available funds.In connection with the NCIB, the Company has entered into an automatic share purchase plan (the "ASPP") with a designated broker. The ASPP permits the purchase of Common Shares under the NCIB during periods when the Company would ordinarily be prohibited from trading in its securities due to regulatory restrictions or self-imposed trading blackout periods. Any purchases made pursuant to the ASPP would be determined by the broker at its sole discretion, based on parameters established by the Company in accordance with TSX rules and applicable securities laws. The ASPP has been reviewed by the TSX.Canaccord Genuity Group has been retained to act as the Company's designated broker to facilitate purchases under the NCIB.For more information, please contact:Investors
Kathleen Persaud, Vice President, Investor Relations
WildBrain
kathleen.persaud@wildbrain.com
+1 212 405 6089Media
Shaun Smith, Senior Director, Global Communications and Public Relations
WildBrain
shaun.smith@wildbrain.com
+1 416 977 7230About WildBrainAt WildBrain, we build and grow beloved family brands through exceptional entertainment experiences. Home to franchises such as Strawberry Shortcake, Teletubbies, Yo Gabba Gabba!, Inspector Gadget and Degrassi, we are a global leader in franchise management—bringing stories to life through content production, audience reach and consumer products. Our award-winning studio has partnered with top global platforms such as Apple TV, Netflix and the BBC, producing acclaimed series such as The Snoopy Show, Strawberry Shortcake: Berry in the Big City, Teletubbies (2015), Yo Gabba GabbaLand! and Finding Her Edge. Through our global digital network across YouTube, FAST and AVOD, we deliver premium, broadcast-quality content to today's kids and families wherever they're watching—connecting brands to audiences at scale and offering advertisers one of the largest digital inventories in family media. WildBrain CPLG, our global licensing and consumer products arm, represents our own and partner brands across major territories worldwide. Headquartered in Toronto, WildBrain trades on the Toronto Stock Exchange (TSX: WILD). Visit us at wildbrain.com.Forward-Looking StatementsThis press release contains "forward-looking statements" under applicable securities laws with respect to the Company. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and are based on information currently available to the Company. Actual results or events may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations, among other things, include the availability of and cost of financing, general economic and market conditions and the impact of such conditions on the industries in which WildBrain operates, competition and the potential impact of industry mergers and acquisitions, market factors, WildBrain's ability to identify and execute anticipated production, distribution, licensing and other contracts, contractual counterparty risk, the ability of WildBrain to realize the expected value of its assets, supply chain and other related disruptions, and risk factors discussed in materials filed with applicable securities regulatory authorities from time to time including matters discussed under "Risk Factors" in the Company's most recent Annual Information Form and annual Management Discussion and Analysis. These forward-looking statements are made as of the date hereof, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291568
Original: WildBrain announces normal course issuer bid
CA Market News
4月前
WildBrain Closes $630 Million Sale of Its 41% Stake in Peanuts to Sony and Repays 100% of Its Senior Secured Credit FacilityMarch 2, 2026 6:30 PM
NewsfileTransaction leaves the Company with stronger balance sheet and enhanced financial flexibility to support core growth initiativesAll dollar values are expressed in Canadian currency unless otherwise specified.Toronto, Ontario--(Newsfile Corp. - March 2, 2026) - WildBrain Ltd. (TSX: WILD) ("WildBrain" or the "Company"), a global leader in family entertainment, completed the previously announced sale of its 41% stake in Peanuts Holdings LLC ("Peanuts"), the holding entity for the Peanuts IP, to Sony Music Entertainment (Japan) Inc. and Sony Pictures Entertainment Inc. (together "Sony") for CA $630 million cash, subject to customary purchase price adjustments.The Company also announces that it has repaid the entire outstanding balance on its Senior Secured Credit Facility, eliminating its corporate term debt and strengthening its balance sheet, with a cash surplus of over $40 million. These proceeds, together with strong cash flow generation and incremental balance sheet capacity, will be used to support investment in the Company's core growth initiatives, including:Growth and activation of wholly owned franchises, including Strawberry Shortcake and Teletubbies;Expansion of WildBrain CPLG, the Company's global licensing agency; Expansion of the Company's premium digital content network and advertising footprint across YouTube, FAST and AVOD platforms; andTargeted investments in technology and automation to drive operating efficiency and improve operating leverage.Josh Scherba, President and CEO of WildBrain, said: "The closing of this transaction marks an important milestone for WildBrain, strengthening our balance sheet and enhancing our financial flexibility to invest in high-growth opportunities across our business, while also enabling opportunistic share repurchases. Through our expertise in content production, audience reach and consumer products licensing, we have materially increased the value of the Peanuts brand. Going forward, I am confident in applying that same proven playbook for Strawberry Shortcake, Teletubbies and other wholly owned franchises. We also look forward to working with Sony and Peanuts Worldwide as valued service partners across content and licensing for the Peanuts brand in the years to come."The ownership of rights to the Peanuts brand and the management of its business will continue to be handled by Peanuts Worldwide LLC, a wholly owned subsidiary of Peanuts Holdings LLC. The family of Charles M. Schulz, creator of Peanuts, retain their 20% ownership stake in the brand, and 80% will be owned by Sony. For more information, please contact:Investors: Kathleen Persaud – VP Investor Relations, WildBrain
About WildBrainAt WildBrain, we build and grow beloved family brands through exceptional entertainment experiences. Home to franchises such as Strawberry Shortcake, Teletubbies, Yo Gabba Gabba!, Inspector Gadget and Degrassi, we are a global leader in franchise management—bringing stories to life through content production, audience reach and consumer products. Our award-winning studio has partnered with top global platforms such as Apple TV, Netflix and the BBC, producing acclaimed series such as The Snoopy Show, Strawberry Shortcake: Berry in the Big City, Teletubbies (2015), Yo Gabba GabbaLand! and Finding Her Edge. Through our global digital network across YouTube, FAST and AVOD, we deliver premium, broadcast-quality content to today's kids and families wherever they're watching—connecting brands to audiences at scale and offering advertisers one of the largest digital inventories in family media. WildBrain CPLG, our global licensing and consumer products arm, represents our own and partner brands across major territories worldwide. Headquartered in Toronto, WildBrain trades on the Toronto Stock Exchange (TSX: WILD). Visit us at wildbrain.com.Forward-Looking StatementsThis press release contains "forward-looking statements" under applicable securities laws with respect to the Company. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and are based on information currently available to the Company. Actual results or events may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations, among other things, include the availability of and cost of financing, general economic and market conditions and the impact of such conditions on the industries in which WildBrain operates, competition and the potential impact of industry mergers and acquisitions, market factors, WildBrain's ability to identify and execute anticipated production, distribution, licensing and other contracts, contractual counterparty risk, the ability of WildBrain to realize the expected value of its assets, supply chain and other related disruptions, and risk factors discussed in materials filed with applicable securities regulatory authorities from time to time including matters discussed under "Risk Factors" in the Company's most recent Annual Information Form and annual Management Discussion and Analysis. These forward-looking statements are made as of the date hereof, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286021
Original: WildBrain Closes $630 Million Sale of Its 41% Stake in Peanuts to Sony and Repays 100% of Its Senior Secured Credit Facility
CA Market News
5月前
Wildbrain Reports Q2 2026 ResultsFebruary 11, 2026 9:05 PM
NewsfileQ2 Operational HighlightsStrong revenue growth in Global Licensing with a 24% year-over-year increase, driven by both owned and partner brands. Announced an agreement in December 2025 to sell WildBrain's 41% stake in Peanuts, with the majority of proceeds to be used to fully repay debt, leaving over $40 million cash surplus. Subsequent to the quarter, WildBrain's hit Netflix show, Finding Her Edge, was greenlit for a second season.Subsequent to the quarter, Season 2 of Yo Gabba GabbaLand! launched on Apple TV.Q2 Financial Highlights for Continuing Operations1Revenue from continuing operations was $72.4 million, up 11% year over year. Net loss attributable to Shareholders of the Company from continuing operations was $20.1 million, compared with net loss attributable to Shareholders of the Company of $86.4 million in Q2 2025. Adjusted EBITDA attributable to WildBrain2 from continuing operations was $14.9 million, up 30% year over year. Q2 Financial Highlights for Discontinued Operations1Revenue from discontinued operations was $131.8 million, up 83% year over year, driven by recognition of the Peanuts library renewal deal with Apple TV. Adjusted EBITDA attributable to WildBrain2 from discontinued operations was $22.6 million, up 54% year over year. Toronto, Ontario--(Newsfile Corp. - February 11, 2026) - WildBrain Ltd. (TSX: WILD) ("WildBrain" or the "Company"), a global leader in family entertainment, today reported its second quarter ("Q2 2026") results for the period ended December 31, 2025. Josh Scherba, WildBrain President and CEO, said: "Our Global Licensing business delivered standout performance in the second quarter, driven by continued momentum across Strawberry Shortcake and Teletubbies. Our content also continues to resonate with global audiences, highlighted by the successful debut of Finding Her Edge on Netflix and its rapid renewal, reinforcing the strength of our premium content pipeline and our ability to deliver culturally relevant stories that travel internationally. "The announced transaction to sell our interest in Peanuts crystallizes the value of the brand and will eliminate our debt and provide the financial flexibility to reinvest in high-growth, high-margin opportunities. With a more focused business and the ability to invest where we see the strongest returns, I am confident in what lies ahead for WildBrain."Nick Gawne, WildBrain CFO, added: "The second quarter marked an important period of transition for WildBrain as we advanced initiatives to simplify our operating and financial profile. The wind-down of our Canadian Television Broadcasting business and the announced Peanuts transaction reflect a deliberate shift toward a more focused, scalable and capital-efficient business model."The anticipated repayment of our Senior Secured Credit Facility upon closing of the Peanuts transaction, will significantly strengthen our balance sheet and enhance our ability to invest in our core businesses. With a streamlined cost structure, a simplified balance sheet, plus the capital flexibility to invest for strong revenue, EBITDA and free cash flow growth, we're entering a new phase of opportunity for WildBrain."Fiscal Year 2026 Outlook Fiscal 2026 guidance remains paused while the Company accelerates a transformational agenda that is reshaping its growth profile and positioning it for durable, higher-quality returns. Over the past twelve months, the Company has executed a series of strategic moves-including the exit of its Television business, simplification of its share structure, and the anticipated sale of its interest in Peanuts with the associated full repayment of debt-that materially strengthen the balance sheet and sharpen management's focus on high-growth opportunities.With debt eliminated and strong free cash flow from continuing operations, the Company is primed to invest meaningfully in structural reorganization and automation initiatives that will reduce SG&A, improve scalability, and enhance long-term margins. These investments are expected to begin delivering measurable benefits in calendar 2027 and beyond, while the Company continues to drive near-term operational performance across its owned brands, WildBrain CPLG, its production slate, and its differentiated digital platforms.To better reflect the Company's go-forward operations and provide investors with clearer insight into underlying economics, the Company will re-segment its financial reporting. Given the timing and early stage of the infrastructure and technology investments, the Company is maintaining a pause on Fiscal 2026 guidance; management expects to learn more about the scale of our transformation opportunities in the coming months and anticipates resuming financial guidance for Fiscal 2027. The Company will continue to provide regular qualitative updates on strategic priorities, operational progress, and the path to enhanced profitability.Q2 2026 Financial Highlights from Continuing Operations1In Q2 2026, revenue from continuing operations increased 11% to $72.4 million, compared to $65.5 million in Q2 2025. Global Licensing revenue increased 24% to $27.3 million in Q2 2026, compared to $21.9 million in Q2 2025. Revenue in the quarter was driven by WildBrain's owned brands, Strawberry Shortcake and Teletubbies, and our global licensing agency, WildBrain CPLG.Content Creation and Audience Engagement revenue increased 4% to $45.1 million in Q2 2026, compared to $43.6 million in Q2 2025. Segment revenue reflected growth in production revenues as compared to the prior year, offset by lower Audience Engagement revenues across distribution, YouTube, and FAST. Despite lower monetization, engagement levels across distribution, YouTube, and FAST platforms remained strong during the quarter, supporting ongoing brand awareness and long-term franchise growth.Gross Margin2 for Q2 2026 was 50%, compared to Gross Margin of 48% in Q2 2025. Gross Margin for Q2 2026 was $35.9 million, an increase of $4.7 million, compared to $31.2 million for Q2 2025. Adjusted EBITDA from continuing operations increased 30% to $14.9 million in Q2 2026, compared with $11.5 million in Q2 2025. Q2 2026 net loss from continuing operations attributable to Shareholders of the Company was $20.1 million, compared to a net loss of $86.4 million in Q2 2025. Other Financial HighlightsCash provided by operating activities, which is presented on a consolidated basis, was $45.7 million, compared to cash provided by operating activities of $81.4 million in Q2 2025.Free Cash Flow2, which is presented on a consolidated basis, was positive $15.3 million, compared to positive $49.3 million in Q2 2025. Leverage as of the end of Q2 2026 was 4.88x. Proceeds from the sale of Peanuts are expected to be used to repay all of the Company's outstanding debt. Supplemental Table: Adjusted EBITDA attributable to WildBrain - Continuing Operations
Adjusted EBITDA from Continuing Operations
(in millions of Cdn$)
2Q26
1Q26
4Q25
3Q25
2Q25
1Q25
Revenue3$72.4
$58.6
$78.1
$73.9
$65.5
$59.0
Cost of Sales$(36.5)$(32.5) $(46.5)$(50.1)$(34.3)$(35.5)Gross Margin$35.9
$26.1
$31.6
$23.8
$31.2
$23.5
SG&A$(21.0)$(22.1) $(23.3)$(20.3)$(19.5)$(20.7)Adjusted EBITDA$14.9
$4.0
$8.2
$3.5
$11.7
$2.8
Portion of Adjusted EBITDA attributable to NCI$-
$0.1
$(0.2)$0.8
$(0.2)$-
Adjusted EBITDA from continuing operations attributable to WildBrain$14.9
$4.1
$8.1
$4.2
$11.5
$2.8
Supplemental Table: Adjusted EBITDA attributable to WildBrain - Discontinued Operations
Adjusted EBITDA from Discontinued Operations
(in millions of Cdn$)
2Q26
1Q26
4Q25
3Q25
2Q25
1Q25
Revenue3$131.8
$71.9
$65.7
$71.4
$72.2
$55.7
Cost of Sales$(75.5)$(34.6) $(34.0)$(32.4)$(39.1)$(26.5)Gross Margin$56.3
$37.3
$31.7
$39.1
$33.1
$29.2
SG&A$(8.0)$(7.2) $(6.8)$(7.6)$(6.9)$(6.6)Adjusted EBITDA$48.3
$30.2
$24.9
$31.5
$26.2
$22.6
Portion of Adjusted EBITDA attributable to NCI$(25.7)$(13.4) $(8.4)$(9.7)$(11.5)$(10.0)Adjusted EBITDA from discontinued operations attributable to WildBrain$22.6
$16.8
$16.5
$21.9
$14.7
$12.5
Subsequent to the closure of Television on October 22, 2025, and the announcement of the definitive agreement to sell its 41% stake in Peanuts Holdings LLC on December 18, 2025, in order to provide a consistent and clear view of the continuing operations of the business, the Company is presenting its results both on a continuing operations and discontinued operations basis. The continuing operations basis excludes the results of Television, and Peanuts. The results of Peanuts remove the results arising directly from the Company's ownership of 41% of Peanuts Holdings LLC, the Company's current role as distributor of Peanuts content, and any adjustments made to balances to consolidate Peanuts activity into the Company's results. For example, commissions earned representing Peanuts' consumer products business are recorded as revenue from continuing operations, and the commensurate cost of sale is recorded as discontinued operations.Free Cash Flow, Gross Margin, Adjusted EBITDA, and Adjusted EBITDA attributable to WildBrain are non-GAAP financial measures - see below for further details.Continuing and discontinued operations do not sum to previously reported consolidated revenue and cost of sales primarily due to the recognition of WildBrain CPLG commissions in continuing operations, which were previously eliminated as intercompany revenue under consolidated reporting.Q2 2026 Conference CallThe Company will hold a conference call on February 12, 2026, at 10:00 a.m. ET to discuss the results.To listen online, please visit the following link: https://www.gowebcasting.com/14602To listen by phone, please dial +1-833-752-5599 in North America (toll free) or +1 647-258-0576 internationally (tolls apply). If dialing in, please allow 10 minutes to be connected to the conference call.Replay will be available at the above link or by dialing 1-855-669-9658 in North America (toll free) or +1 412-317-0088 internationally (tolls apply), until February 19, 2026, using access code 6771886.The audio and transcript will also be archived on WildBrain's website approximately three business days following the call.For more information, please contact:Investor Relations: Kathleen Persaud - VP, Investor Relations, WildBrain
kathleen.persaud @Fli-by-6089Media: Shaun Smith - Sr. Director, Global Communications & Public Relations, WildBrain
CA Market News
5月前
WildBrain Announces Conference Call for Its Fiscal 2026 Q2 Financial ResultsJanuary 30, 2026 7:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - January 30, 2026) - WildBrain Ltd. (TSX: WILD) ("WildBrain" or the "Company"), a global leader in family entertainment, will report its Fiscal 2026 Q2 financial results after market close on Wednesday, February 11, 2026, and hold a conference call at 10:00 a.m. ET, Thursday, February 12, 2026, during which Company management will discuss the results.To listen online, please visit the following link: https://www.gowebcasting.com/14602To listen by phone, please dial 1-833-752-5599 in North America (toll free) or +1 647-258-0576 internationally (tolls apply). If dialing in, please allow 10 minutes to be connected to the conference call.Replay will be available at the above link or by dialing 1-855-669-9658 in North America (toll free) or +1 412-317-0088 internationally (tolls apply), until February 19, 2026, using access code 6771886.The audio and transcript will also be archived on WildBrain's website approximately three business days following the call.For more information, please contact:Investors: Kathleen Persaud – VP, Investor Relations, WildBrain