Children’s content company DHX Media has big jump in profit but lower revenues


HALIFAX – Children’s programming company DHX Media (TSX:DHX) is reporting a third-quarter profit increase of 98 per cent to $1.8 million, or two cents per share.

That’s up from $900,000, or a penny a share, in the same quarter of last year.

Revenues decreased by seven per cent to $29 million in the quarter. The company said the decrease was due to a decision to rest and refresh the children’s entertainment Yo Gabba Gabba! Live! tour.

Normalized net income decreased slightly to $2.6 million, or two cents per share, from $2.7 million, or three cents per share, year-over-year.

The Halifax company has said platforms like Netflix and other licensing revenues are expected to drive its growth.

Video-sharing website YouTube is also an important customer of DHX Media, which creates, sells and licenses programs such as “Caillou,” “Teletubbies” and “Yo Gabba Gabba.” DHX Media also sells content to Apple’s iTunes.

DHX Media has about 500 employees with sales teams in Toronto and Paris and was planning to add to the company’s ranks this year.

Last November, DHX bought the popular Family Channel from Bell Media, giving it a platform to create and sell more shows globally.

2 comments on “Children’s content company DHX Media has big jump in profit but lower revenues

  1. I comment after i like a write-up on a internet site or if I’ve something to add to the conversation. Usually it is usually a result from the passion communicated in the post I browsed. And after this short article Audi A6 3.0 TDI quattro Consumption and Costs | Cars Show. I used to be basically moved enough to publish a leave a responsea response I do use a few of questions for you if it’s okay. Could it be just me or does it seem like like a few of your remarks glance as if they are written by brain dead folks? And, if you are writing on additional places, I’d like to keep up along with you. Would you create a list the complete urls of one’s community pages like your linkedin profile, Facebook page or twitter feed?