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WildBrain Reports Q3 2021 Results
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Revenue increased 4% to $102.2 million in Q3 2021 vs $98.3 million in Q3 2020. YTD 2021 revenue grew to $339.9 million vs $332.7 million in YTD 2020.
Net loss improved to $26.5 million in Q3 2021 vs a net loss of $221.7 million in Q3 2020. YTD 2021 net loss of $18.5 million vs a net loss of $240.0 million in YTD 2020. Q3 2021 and YTD 2021 net losses were mainly due to non-cash, non-operating items related to the refinancing and a higher share price impacting the fair value of embedded derivatives.
Free Cash Flow was negative $3.3 million in Q3 2021, consistent with Q3 2020. YTD 2021 positive Free Cash Flow was consistent at $17.6 million vs YTD 2020.
WildBrain Reports Q3 2021 Results
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Revenue increased 4% to $102.2 million in Q3 2021 vs $98.3 million in Q3 2020. YTD 2021 revenue grew to $339.9 million vs $332.7 million in YTD 2020.
Net loss improved to $26.5 million in Q3 2021 vs a net loss of $221.7 million in Q3 2020. YTD 2021 net loss of $18.5 million vs a net loss of $240.0 million in YTD 2020. Q3 2021 and YTD 2021 net losses were mainly due to non-cash, non-operating items related to the refinancing and a higher share price impacting the fair value of embedded derivatives.
Free Cash Flow was negative $3.3 million in Q3 2021, consistent with Q3 2020. YTD 2021 positive Free Cash Flow was consistent at $17.6 million vs YTD 2020.