Glacier Reports Year End 2024 Results

About this update from Glacier Media Inc.

[{"type":"text","content":"Glacier Reports Year End 2024 Results\n\n\n\n VANCOUVER, British Columbia, March 21, 2025 (GLOBE NEWSWIRE) -- Glacier Media Inc. (TSX: GVC) (“Glacier” or the “Company”) reported revenue and earnings for the year ended December 31, 2024.\n \n\n\n Summary Results\n \n\n\n\n\n\n (thousands of dollars)\n \n\n\n\n\n\n\n\n\n\n except share and per share amounts\n \n\n\n\n\n\n\n 2024\n \n\n\n\n\n\n\n\n 2023\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 141,946\n \n\n\n\n\n\n $\n \n\n 154,940\n \n\n\n\n\n\n EBITDA\n \n (1)\n \n\n\n\n\n $\n \n\n 9,712\n \n\n\n\n\n\n $\n \n\n (4,169)\n \n\n\n\n\n\n EBITDA\n \n (1)\n \n margin\n \n\n\n\n\n\n 6.8%\n \n\n\n\n\n\n\n\n (2.7%)\n \n\n\n\n\n\n EBITDA\n \n (1)\n \n per share\n \n\n\n\n $\n \n\n 0.07\n \n\n\n\n\n\n $\n \n\n (0.03)\n \n\n\n\n\n\n Capital expenditures\n \n\n\n\n $\n \n\n 3,848\n \n\n\n\n\n\n $\n \n\n 4,316\n \n\n\n\n\n\n Net loss attributable to common shareholder\n \n\n\n\n $\n \n\n (24,442)\n \n\n\n\n\n\n $\n \n\n (99,250)\n \n\n\n\n\n\n Net loss attributable to common shareholder per share\n \n\n\n\n $\n \n\n (0.19)\n \n\n\n\n\n\n $\n \n\n (0.76)\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 131,198,520\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\n\n\n\n\n\n\n\n\n\n\n\n\n\n 2024 performance\n \n\n\n Over the past two years, the Company has moved aggressively to close or sell underperforming print community media operations to focus on its core businesses. The Company objective is to focus on the long-term growth of its business information and consumer digital businesses. The Company is optimistic that its core operations can and will continue to perform well in the long term and will generate strong cash flows and enhance shareholder value. The respective brands, market positions, and value to customers remain strong.\n \n\n Certain remaining print operations continue to perform well, generating cash flow and providing value to customers and readers. The Company will operate these businesses while continuing to clos...

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