Business
Glacier Reports First Quarter 2026 Results
VANCOUVER, British Columbia, May 07, 2026 (GLOBE NEWSWIRE) -- Glacier Media Inc. (TSX: GVC) (...
About this update from Glacier Media Inc.
[{"type":"text","content":"Glacier Reports First Quarter 2026 Results\nVANCOUVER, British Columbia, May 07, 2026 (GLOBE NEWSWIRE) -- Glacier Media Inc. (TSX: GVC) (“Glacier” or the “Company”) reported revenue and earnings for the period ended March 31, 2026. Summary Results (thousands of dollars)Three months ended March 31,except share and per share amounts2026 2025    Revenue$29,838  $32,475 EBITDA (1)$1,030  $(1,246)EBITDA (1) margin 3.5%  (3.8%)EBITDA (1) per share$0.01  $(0.01)Capital expenditures$1,212  $1,344 Net loss attributable to common shareholder$(1,583) $(4,143)Net loss attributable to common shareholder per share$(0.01) $(0.03)    Weighted average shares outstanding, net 131,131,598   131,131,598         (1)  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.  Q1 2026 performance  Consolidated revenue for the period ended March 31, 2026, was $29.8 million, a decrease of $2.6 million or 8.1%. Consolidated EBITDA for the period was $1.0 million, an increase of $2.3 million, from an EBITDA loss of $1.2 million for the same period in the prior year. Capital expenditure for the period was $1.2 million compared to $1.3 million for the same period in the prior year. Of the $2.6 million decrease in total revenue, $1.3 million related to legacy print community media operations. Subsequent to quarter end, the Company has completely exited these markets. Certain print operations remain as part of core operations, which are included in Consumer Information. Revenue from core operations decreased $1.3 million, or 4.4%. While revenues decreased in aggregate, the composition of revenues continued to shift. Changes in revenue mix are as follows: Advertising revenue decreased by $2.6 million, or 17.6%, including sold and closed operations, Data and Subscription revenue increased by $0.6 million or 3.9%, and Events and Services revenue decreased $0.4 million or 10.8%. Advertising revenue has continued to be negatively impacted by economic uncertainty and the...