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Boat Rocker Media Reports First Quarter 2025 Financial Results
Boat Rocker Media Reports First Quarter 2025 Financial Results Canada NewsWire ...
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[{"type":"text","content":"\n\n\n\n Boat Rocker Media Reports First Quarter 2025 Financial Results\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n May 15, 2025\n \n\n /CNW/ - Boat Rocker Media Inc. (\"Boat Rocker\" or the \"Company\" or \"BRMI\") (TSX: BRMI), an independent, integrated global entertainment company, today reported its financial results for the three months ended\n \n March 31, 2025\n \n (\"first quarter\" or \"Q1\"). The Company's consolidated financial statements and accompanying notes and Management's Discussion and Analysis (\"MD&A\") for the three months ended\n \n March 31, 2025\n \n and 2024 are available under the Company's profile on SEDAR+ (\n \n www.sedarplus.ca\n \n ). All dollar amounts are expressed in Canadian currency, unless otherwise noted. Certain metrics, including those expressed on an adjusted basis, are non-IFRS measures (see \"Non-IFRS Measures\" below).\n \n\n\n Financial Highlights\n \n\n\n\n On\n \n March 24, 2025\n \n , the Company announced that it had entered into definitive agreements in respect of the Transaction (as defined below). As a result of the terms of the Transaction, the net assets of Boat Rocker Studios (\"BRS\") have been separately presented as held for sale as at\n \n March 31, 2025\n \n and financial performance has been presented in the Company's interim financial statements as discontinued operations.\n \n\n In Q1 2025 the Company recorded a\n \n $119.7 million\n \n impairment expense in net loss from discontinued operations related to the BRS assets held for sale as a result of the Transaction.\n \n\n Q1 2025 revenue from continuing operations of\n \n $34.2 million\n \n versus\n \n $27.7 million\n \n in the prior year period.\n \n\n Q1 2025 Adjusted EBITDA\n \n 1\...