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Glacier Media (GVC) investor relations material
Glacier Media Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 revenue fell 7.3% YoY to $30.2M, while EBITDA improved to $1.4M from a $0.4M loss, supported by stronger core operating results and lower expenses.
Net income attributable to common shareholders was $5.2M, including a $5.7M interest recovery related to CRA negotiations over an uncertain tax liability.
Financial highlights
Q2 revenue was $30.234M vs $32.624M YoY; H1 revenue was $60.072M vs $65.099M.
Q2 EBITDA was $1.400M vs a $0.431M loss YoY; H1 EBITDA was $2.430M vs a $1.677M loss.
Q2 net income attributable to common shareholders was $5.247M vs a $5.364M loss; H1 net income was $3.664M vs a $9.507M loss.
Segment performance
Legacy print community media operations accounted for $2.1M of the $2.4M Q2 revenue decline; those markets have been exited.
Core operations revenue decreased $0.3M, or 1.1%; advertising declines affected Commodity Information, Consumer Information and Print Community Media.
Environmental Risk and Compliance Information operations mainly drove higher Data and Subscription revenue.
- Revenue fell 7.1% as lower print demand and cost pressures drove an EBITDA loss.GVC
Q1 2023 - Revenue and EBITDA fell as print pressures and higher costs accelerated the shift to digital.GVC
Q2 2023 - Q3 losses and print declines reinforced a shift toward digital growth and cost cuts.GVC
Q3 2023 - Revenue fell 12.0%; EBITDA turned negative and a $70.8M tax charge drove a wider loss.GVC
Q4 2023 - Exits from legacy operations cut revenue, while core EBITDA reached breakeven excluding print.GVC
Q1 2024 - Restructuring lifted Q2 EBITDA to $0.9M as strategy shifted toward digital and information businesses.GVC
Q2 2024 - Q3 EBITDA improved sharply as restructuring accelerated the shift away from legacy print.GVC
Q3 2024 - Revenue fell 8.4%, but EBITDA returned to $9.7M as restructuring improved profitability.GVC
Q4 2024 - Revenue fell 6.5% YoY as the EBITDA loss widened to $1.2M.GVC
Q1 2025 - Lower advertising and strategic investment drove a Q2 EBITDA loss as revenue fell 2.7%.GVC
Q2 2025
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