DHX Media post $8M loss for Q3; strategic review to wrap up by next month

HALIFAX – Despite gains in revenue, DHX Media posted a net loss of $8 million for its third quarter ended March 31.The children's content and brands company said Monday that revenues for Q3 2018 grew by 49% year-over-year to $116.5 million, which included 3% organic growth, and 46% acquisitive growth largely from its Peanuts and Strawberry Shortcake assets. The increase for Q3 2018, was due to strong growth in total distribution revenue (including WildBrain) (88% organic, 12% acquisitive), accounting for 38% of the growth, higher consumer products-owned revenues (9% organic, 91% acquisitive), accounting for 71% of the growth, robust growth...