WildBrain (WILD) Q1 2027 earnings summary

Executive summary

• Q1 continuing-operations revenue rose 1% YoY to $58.338M; Adjusted EBITDA attributable to shareholders was $2.0M versus $4.1M.

• Continuing-operations net loss narrowed to $6.663M from $39.611M, largely reflecting lower finance costs and no prior-year debt-modification loss.

Financial highlights

• Gross margin was $24.492M, or 42% of revenue, versus $26.125M and 45%; production-heavy content mix and franchise marketing investment weighed on margin.

• Net loss attributable to shareholders from continuing operations was $6.630M versus $39.5M; loss per share was $0.03 versus $0.19.

• Net finance costs fell to $0.541M from $31.421M; prior-year costs included a $16.019M debt-modification loss.

• Operating cash flow used $13.937M versus $14.051M provided; revised-definition Free Cash Flow was negative $13.6M.

Outlook and guidance

• FY2027 guidance reaffirmed: revenue $270M–$295M and Adjusted EBITDA $28M–$32M, implying ~15% and ~44% YoY growth at the respective midpoints.

• Licensing and advertising activity is weighted toward Q2; Content revenue recognition may vary with production schedules.

• FY2027 Free Cash Flow is expected to be negative with ~$30M of planned investment; positive Free Cash Flow is expected before those investments. Adjusted EBITDA is expected to approximately double from the FY2027 guidance midpoint by FY2029.