Wildbrain Reports Full Year 2025 And Q4 2025 Results

• Global Licensing delivered strong growth in Fiscal 2025, reflecting both the breakout performance of owned IP and the continued momentum of WildBrain CPLG, which expanded with new partners and deepened long-term relationships.
• With our owned brands, Strawberry Shortcake revenue grew nearly 200% year over year to become a meaningful contributor with clear upside, Peanuts recorded its strongest year ever with broad-based global demand for a record-breaking year, and Teletubbies delivered double-digit gains supported by new activations and preparations for its 30^th anniversary.

Q4 Financial Highlights ¹

• Revenue including Canadian Television Broadcasting ("Television") was $139.1 million, up 7% year over year. Revenue excluding Television was $129.4 million, up 6% year over year.
• Net income including Television was $9.5 million, compared with net loss of $80.7 million in Q4 2024. Net income excluding Television was $11.2 million, compared with net loss of $17.0 million in Q4 2024.
• Adjusted EBITDA² including Television was $24.6 million, up 3% year over year. Adjusted EBITDA excluding Television was $19.1 million, down 1% year over year.
• Cash used in operating activities was $2.0 million, compared to cash provided by operating activities of $18.3 million in Q4 2024.
• Free Cash Flow³ was negative $17.3 million, compared to negative $6.6 million in Q4 2024.

Fiscal 2025 Financial Highlights

• Revenue including Television was $523.4 million, up 13% year over year. Revenue excluding Television was $487.3 million, up 14% year over year.
• Net loss including Television was $89.8 million, compared with net loss of $106.0 million in FY 2024. Net loss excluding Television was $97.6 million, compared with net loss of $58.2 million in FY 2024.
• Adjusted EBITDA including Television was $92.3 million, up 5% year over year. Adjusted EBITDA excluding Television was $68.6 million, up 3% year over year.
• Cash provided by operating activities was $152.5 million, compared to cash provided by operating activities of $73.6 million in FY 2024.
• Free Cash Flow was positive $49.5 million, compared to negative $29.5 million in FY 2024.

Toronto, Ontario--(Newsfile Corp. - September 25, 2025) - WildBrain Ltd. (TSX: WILD) ("WildBrain" or the "Company"), a global leader in kids' and family entertainment, today reported its full year and fourth quarter ("Q4 2025") results for the period ended June 30, 2025.

Josh Scherba, WildBrain President and CEO, said: "Fiscal 2025 was a pivotal year for WildBrain as we sharpened our focus on our premium franchises and delivered strong growth across our Global Licensing business. We demonstrated the resilience of our 360-degree franchise strategy across Content Creation, Audience Engagement and Global Licensing as we continued to grow love for Peanuts, Strawberry Shortcake and Teletubbies with fans of all ages worldwide. Our financial discipline led to improved free cash flow and a reduction in leverage over the course of the year."

"As previously announced, we made the difficult decision to exit the Canadian broadcast television business, a step which reflects the realities of the evolving market and our commitment to concentrating resources on higher-margin, higher-growth opportunities that are shaping the future of kids' and family entertainment. With this focus, we are well-positioned to build on our momentum in fiscal 2026 and create long-term value for shareholders."

Nick Gawne, WildBrain CFO, added: "In Fiscal 2025, our focus on our core brands, our investments in high-growth areas and our continued financial discipline drove growth in revenue, adjusted EBITDA and Free Cash Flow. Looking to Fiscal 2026, we expect that story to continue with strong underlying growth in the core business, driven by doubling down on high-growth areas alongside continued focus on operating efficiency."

Fiscal Year 2026 Outlook

In Fiscal Year 2026, the Company will cease operations of its Television business. To provide comparable results, the Company is providing its outlook both including and excluding Television.

In Fiscal Year 2026, for results including Television, we expect:

• Revenue of approximately $560 million to $590 million and
• Adjusted EBITDA of approximately $80 million to $85 million.

In Fiscal Year 2026, for results excluding Television, we expect:

• Revenue growth of approximately 15% to 20% and
• Adjusted EBITDA growth of approximately 15% to 20%.

Q4 2025 Financial Highlights including Television ¹

In Q4 2025, revenue increased 7% to $139.1 million, compared to $130.0 million in Q4 2024.

Global Licensing revenue increased 29% to $69.4 million in Q4 2025, compared to $53.7 million in Q4 2024. Revenue in the quarter was driven by strong growth in our owned brands-Peanuts, Strawberry Shortcake and Teletubbies-supplemented by third party revenue growth from our global licensing agency, WildBrain CPLG.

Content Creation and Audience Engagement revenue decreased 12% to $60.0 million in Q4 2025, compared to $68.0 million in Q4 2024. Revenue in the quarter was driven by a reduction in distribution revenues, offset by stronger production revenue as compared to the prior year's quarter.

Gross margin for Q4 2025 was 45%, compared to gross margin of 46% in Q4 2024. Gross margin for Q4 2025 was $63.3 million, an increase of $3.7 million, compared to $59.5 million for Q4 2024.

Cash used in operating activities in Q4 2025 was $2.0 million, compared to $18.3 million cash provided by operating activities in Q4 2024. Free Cash Flow was negative $17.3 million in Q4 2025, compared with Free Cash Flow of negative $6.6 million in Q4 2024. Fiscal year 2025 Free Cash Flow was positive $49.5 million, compared to negative $29.5 million in the prior fiscal year.

Adjusted EBITDA increased 3% to $24.6 million in Q4 2025, compared with $23.9 million in Q4 2024.

Q4 2025 net income was $9.5 million, compared to net loss of $80.7 million in Q4 2024.

Leverage in Q4 2025 was 4.76x, comfortably within our financial covenants.