- WOW! Unlimited Media (WOW) reported record EBITDA and strong revenue for the third quarter of 2021
- The company has made significant improvements over the net loss of $1 million for Q3 2020
- As of September 30, WOW! Unlimited had $70 million in backlog projects
- WOW! Unlimited Media is an animation-focused entertainment company
- Shares in WOW! Unlimited Media Inc. (WOW) are steady, trading at $1.45 per share
WOW! Unlimited Media (WOW) reported record EBITDA and strong revenue for the third quarter of 2021.
The company completed the quarter with operating EBITDA of $2.4 million, compared to $0.6 million recorded for the same period last year.
With net income of $1 million, the company has made significant improvements over the net loss of $1 million for Q3 2020. The company’s two operating segments, animation production and networks and platforms, also both reported profits for the third quarter.
As of September 30, WOW! Unlimited had $70 million in backlog projects, representing animation work that will be completed over the next 24 months.
The company successfully completed and delivered a 60-minute animated movie, Barbie: Big City, Big Dreams, which premiered on Netflix on September 1. There are also a number of new Barbie movies coming down the pipeline in the near future.
In addition, work continues on Ukulele U, WOW!’s first live-action preschool series for the Canadian Broadcasting Corporation.
As the company continues to expand its production backlog, it reported $20.2 million in revenue for the third quarter.
WOW! Unlimited Media is an animation-focused entertainment company producing content and building brands and audiences on global media platforms.
The company produces animation in its two established studios: Frederator Studios in the USA, which has a 20-year track record, and Mainframe Studios, one of Canada’s largest, multi-faceted animation production studios with a 25-year track record.
Shares in WOW! Unlimited Media Inc. (WOW) are steady, trading at $1.45 per share as of 11:54 am EST.
