HALIFAX – Kids content maker Wildbrain reported solid growth in the second quarter of fiscal 2020, ended December 31, 2019.
Revenue grew 4% to $122.1 million in the quarter and 6% to $234.4 million in the first half of the year. Adjusted EBITDA was $25.6 million in the quarter compared to $22 million in Q2 2019. Adjusted first-half EBITDA of $45.2 million was 15% higher than the first half of the prior year.
Net loss came in at $2.3 million, a big improvement over the loss of $17.9 million in Q2 2019.
The company also reported its YouTube channel WildBrain Spark views grew 36% to over 9.9 billion in Q2 2020 51% to 22 billion views in H1 2020.
“With double-digit growth in viewership this quarter, WildBrain Spark continues to be a valuable platform for our own IP and partner brands,” said CEO Eric Ellenbogen, in the press release. “We’re committed to growing views and building WildBrain Spark as an integral part of the overall WildBrain offering of content production, distribution and licensing. We’re also capitalizing on the demand for original kids’ shows with more Peanuts content for Apple TV+ and a global exclusive for a second season of the preschool series, Chip & Potato, for Netflix. Our improving financial position allows us to execute on our plans, focusing on creative development, our AVOD business and IP and brands, all of which will contribute to long-term growth.”
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