Glacier Reports First Quarter 2024 Results

VANCOUVER, British Columbia, May 13, 2024 (GLOBE NEWSWIRE) — Glacier Media Inc. (TSX:GVC) (“Glacier” or the “Company”) reported revenue and earnings for the period ended March 31, 2024.

SUMMARY RESULTS

(thousands of dollars)
 
Three months ended March 31,
 

except share and per share amounts
 
 
2024
 
 
 
2023
 

Revenue
 
$
34,750
 
 
$
39,218
 

EBITDA (1)
 
$
(322
)
 
$
(2,241
)

EBITDA (1) margin
 
 
(0.9
%)
 
 
(5.7
%)

EBITDA (1) per share
 
$
(0.00
)
 
$
(0.02
)

Capital expenditures
 
$
759
 
 
$
1,077
 

Net loss attributable to common shareholder
 
$
(4,429
)
 
$
(5,217
)

Net loss attributable to common shareholder per share
 
$
(0.03
)
 
$
(0.04
)

Weighted average shares outstanding, net
 
 
131,131,598