Earnings
Wildbrain Reports Q1 2026 Results

WILD · Price
Executive Summary
- WildBrain reported Q1 2026 results (quarter ended September 30, 2025) showing revenue of $125.5 M (+13% YoY) but a net loss of $32.6 M, widening from $10.6 M in Q1 2025.
- Global Licensing revenue surged 29% to $81.1 M, driven by Peanuts, Strawberry Shortcake and Teletubbies; the company also announced a multi‑year renewal of its Peanuts partnership with Apple TV through 2030.
- The firm ceased operations of its Television business in October 2025, repositioning resources toward higher‑margin licensing and content opportunities; FY 2026 outlook reaffirmed with revenue $560‑$590 M (incl. TV) and adjusted EBITDA $80‑$85 M.
Key Details
- Revenue: $125.5 M (incl. Television) vs. $111.0 M YoY; excluding Television $120.8 M vs. $103.8 M YoY.
- Global Licensing Revenue: $81.1 M (+29% YoY) vs. $62.9 M in Q1 2025.
- Content Creation & Audience Engagement Revenue: $39.8 M (‑3% YoY).
- Gross Margin: 51% ($63.5 M), up from 47% ($52.7 M) YoY.
- Adjusted EBITDA: $20.9 M (+37% YoY) incl. Television; $17.4 M excl. Television (+53% YoY).
- Net Loss: $32.6 M (incl. TV) vs. $10.6 M YoY; $31.4 M excl. TV vs. $15.1 M YoY.
- Cash from Operations: $14.1 M vs. $25.8 M YoY.
- Free Cash Flow: –$10.7 M (previously +$4.8 M).
- Leverage Ratio: 4.96×, within covenant limits.
- Strategic Actions:
- Ceased WildBrain Television operations in Oct 2025; licenses surrendered to CRTC; TV segment will be reported as discontinued starting Q2 2026.
- Renewed multi‑year Peanuts partnership with Apple TV through 2030, expanding content pipeline.
- FY 2026 Outlook (reaffirmed):
- Revenue incl. Television: $560‑$590 M; Adjusted EBITDA $80‑$85 M.
- Excluding Television: revenue growth 15‑20%; adjusted EBITDA growth 15‑20%.
- Conference Call: November 14, 2025 at 10:00 a.m. ET (details provided).
Notable Quotes
“Our Global Licensing business continues to deliver strong growth… We’re well positioned to drive further brand expansion and profitability through the balance of the year.” – Josh Scherba, President & CEO
“The exit from our Television business represents an important strategic step… allowing us to redeploy resources toward initiatives that deliver stronger returns.” – Nick Gawne, CFO
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