Glacier Reports First Quarter 2025 Results

About this update from Glacier Media Inc.

[{"type":"text","content":"Glacier Reports First Quarter 2025 Results\n\n\n\n VANCOUVER, British Columbia, May 08, 2025 (GLOBE NEWSWIRE) -- Glacier Media Inc. (TSX: GVC) (“Glacier” or the “Company”) reported revenue and earnings for the period ended March 31, 2025.\n \n\n\n Summary Results\n \n\n\n\n\n\n (thousands of dollars)\n \n\n\n\n\n Three months ended March 31,\n \n\n\n\n\n except share and per share amounts\n \n\n\n\n\n\n\n 2025\n \n\n\n\n\n\n\n\n 2024\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Revenue\n \n\n\n\n $\n \n\n 32,475\n \n\n\n\n\n\n $\n \n\n 34,750\n \n\n\n\n\n\n EBITDA\n \n (1)\n \n\n\n\n\n $\n \n\n (1,246\n \n\n )\n \n\n\n\n $\n \n\n (322\n \n\n )\n \n\n\n\n EBITDA\n \n (1)\n \n margin\n \n\n\n\n\n\n (3.8\n \n\n %)\n \n\n\n\n\n\n (0.9\n \n\n %)\n \n\n\n\n EBITDA\n \n (1)\n \n per share\n \n\n\n\n $\n \n\n (0.01\n \n\n )\n \n\n\n\n $\n \n\n (0.00\n \n\n )\n \n\n\n\n Capital expenditures\n \n\n\n\n $\n \n\n 1,344\n \n\n\n\n\n\n $\n \n\n 759\n \n\n\n\n\n\n Net loss attributable to common shareholder\n \n\n\n\n $\n \n\n (4,143\n \n\n )\n \n\n\n\n $\n \n\n (4,429\n \n\n )\n \n\n\n\n Net loss attributable to common shareholder per share\n \n\n\n\n $\n \n\n (0.03\n \n\n )\n \n\n\n\n $\n \n\n (0.03\n \n\n )\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Weighted average shares outstanding, net\n \n\n\n\n\n\n 131,131,598\n \n\n\n\n\n\n\n\n 131,131,598\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n (1)\n \n EBITDA is considered a non-GAAP measure. Refer to “EBITDA Reconciliation” below for a reconciliation of the Company’s net (loss) income attributable to common shareholders as reported under IFRS to EBITDA.\n \n\n\n Q1 2025 performance\n \n\n\n Consolidated revenue for the quarter ended March 31, 2025, was $32.5 million, down $2.3 million or 6.5% from the same quarter in the prior year. The consolidated EBITDA loss for the period was $1.2 million, an increased loss of $0.9 million from an EBITDA loss of $0.3 million for the same quarter in the prior year. Capital expenditure for the period was $1.3 million compared to $0.8 million for the same quarter in the prior year.\n \n\n The revenue decline was primarily driven by lower advertising revenues. A dramatic increase in economic uncertainty combined with general tariffs from the United States and agricultural tariffs from China impacted the agricultural publications...

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