Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

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.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
Sudden Surge: Flood of 2014
Opportunity Magazine — The Bakken
Why Not Minot?
Welcome to Winnipeg

Social Media

Canadian Mortgage Rates