HALIFAX — WildBrain Ltd. says it earned a second-quarter profit of $11.3 million compared with a loss in the same quarter a year earlier as its revenue improved.
The children's entertainment company, formerly known as DHX, says the profit amounted to seven cents per share for the quarter ended Dec. 31. The profit compared with a loss of $2.3 million or two cents per share in the same quarter a year earlier.
Revenue totalled $142.3 million, up from $122.1 million.
WildBrain said the increase in revenue came as content production and distribution revenue more than doubled to $68.5 million compared with $34.1 million a year earlier, boosted by an expanding slate of new Peanuts content as well as the licensing of the Peanuts library of classic specials to Apple.
WildBrain Spark revenue for the second quarter was $15.5 million, up from $8.9 million in the first quarter, but down from $24.2 million a year earlier.
Consumer products revenue was $46.4 million in the most recent quarter, down from $51.5 million a year earlier.
This report by The Canadian Press was first published Feb. 10, 2021.
Companies in this story: (TSX:WILD)
The Canadian Press