DHX Reports Revenue, Profit Gains

HALIFAX: DHX Media's revenues were up 48 percent to C$63.9 million ($48 million) for the three months ending September 30, 2015, with the company posting a net profit of C$7.5 million ($5.6 million) as compared with a loss in the year-ago period.

Announcing the results for the first quarter of fiscal 2016, Dana Landry, CEO of DHX Media, commented: "We continued to generate double- and triple-digit growth across key metrics this quarter, including strong organic growth. The streaming market is expanding globally into new territories such as China, and our scale and integrated platform of production, distribution, broadcast and licensing allows us to leverage key opportunities across this evolving media landscape. As our business units rise to meet the growing demand for DHX's brands, this has translated into solid results."

Proprietary production revenues were C$4.10 million ($3.1 million), a decrease of 26 percent. Distribution revenues gained 40 percent to C$14.03 million ($10.54 million). Television revenues were C$18.82 million ($14.14 million). L&M revenues from owned properties were up 55 percent to C$4.7 million ($3.53 million), while for represented properties they rose to C$6.7 million ($5.03 million). Producer and service-fee revenues brought in C$14.3 million ($10.74 million) and new-media revenues were C$1.23 million ($1 million).