Significant Growth in Production and Distribution Drives $125.6 million of Revenue and $16.8 million of Adjusted EBITDA1
TORONTO, July 15, 2026 /CNW/ -- Blue Ant Media Corporation ("Blue Ant" or the "Company") (TSX: BAMI), an international streamer, production studio and rights business, today announced its financial results for the three and nine months ended May 31, 2026. All dollar ($) amounts in this news release are in Canadian dollars.
"We're pleased to see the direct impact of our recent acquisitions on our top and bottom line performance this quarter, particularly in Production and Distribution," said Michael MacMillan, Chief Executive Officer of Blue Ant. "Our results provide a clear picture of our expanded scale, output, and earnings power. Consistent with the strategy we set when we went public, we continue to build a business that creates intellectual property and monetizes it across production, distribution, our own channels, streaming, and advertising.
To support our next phase of growth, we recently announced a number of structural changes including bringing together our Rights and Global Channels teams into a single content monetization unit. This positions us to maximize the value of our growing portfolio of owned and partner IP globally while streamlining our operations. As we move into the fourth quarter of our fiscal year, we remain well capitalized, modestly levered, with the financial flexibility to invest in our business and pursue further strategic acquisition opportunities at a time when many in our industry are capital-constrained."
Financial Highlights
Q3 2026 revenue of $125.6 million versus $56.0 million in the prior year period.
Q3 2026 Adjusted EBITDA of $16.8 million versus $14.6 million in the prior year period.
Q3 2026 net loss of $17.5 million versus $11.2 million in the prior year period, reflecting a non-cash impairment in the Canadian Media segment (see below).
Strong liquidity position, with $59.9 million of cash, $73.6 million of undrawn capacity under the Company's corporate credit facility, and bank indebtedness2 of $9.4 million at May 31, 2026. For further details, please refer to the table under "Cash and Indebtedness Summary."
1 Adjusted EBITDA is a Non-IFRS measure. For more information on non-IFRS financial measures, see "Non-IFRS Measures." and "Reconciliation of Non-IFRS Measures" in this news release and the Company's MD&A dated July 15, 2026 for the three and nine months ended May 31, 2026 available under the Company's profile on SEDAR+ (www.sedarplus.ca). | ||
2 This does not include interim production financing. For full details, please see "Note 8: Bank Indebtedness and interim production financing" in the Company's interim condensed consolidated financial statements for the three and nine months ended May 31, 2026. |