Blue Ant Media reported Tuesday its revenue in the second quarter of 2026 was $70 million compared to $38.4 million in Q2 2025, representing a year-over-year increase of 82 per cent.
The increase was predominantly earned in the company’s production and distribution segment, and reflects the acquisition of three production companies (Insight Productions, Proper Television and Jam Filled Entertainment) as part of Blue Ant Media’s reverse takeover of Boat Rocker Media completed in August 2025, and one month of Thunderbird Entertainment revenue, which did not factor into the prior year results. Blue Ant completed its acquisition of Thunderbird at the end of January during its second quarter, which ended February 28.
Blue Ant’s production and distribution segment revenue in Q2 2026 was $37.4 million, compared to $8.8 million in the prior year period, a 324-per-cent year-over-year increase.
The company’s global channels and streaming segment also performed well during the second quarter, increasing revenue 27 per cent to $22.1 million, compared to $17.4 million in Q2 2025. The increase was partly due to Blue Ant’s acquisition of streamer MagellanTV last October, which helped to boost subscriber revenue in the company’s most recent quarter.
Blue Ant’s Canadian media segment experienced a 14-per-cent decrease in revenue to $10.5 million in Q2 2026, compared to $12.2 million in the same quarter of 2025. The company said this was largely owing to continued challenges in the linear advertising market in Canada and declines in subscription revenue.
Blue Ant reported a Q2 2026 net loss of $6.2 million compared to a net loss of $5 million in the prior year period. It said the second quarter of 2026 was a significant period of integration given the company’s recent transactions. As such, it incurred anticipated transaction, restructuring and share-based compensation costs totalling $7.4 million, for which there were no equivalents in the comparative period of the previous year, Blue Ant said.
