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DHX Media Posts Profit & Revenue Gains

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DHX Media Posts Profit & Revenue Gains

Canada’s DHX Media released its numbers for the three months up to September 2015, which show revenues up 48% to $63.9 million CAD ($48 million USD) and a net profit of $7.5 million CAD ($5.6 million USD). DHX posted a loss in the year-ago period.

CEO Dana Landry noted in the Q1 announcement that the company continued to generate double- and triple-digit growth in the quarter, adding: “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.”

DHX this week announced two new non-exclusive SVOD deals with Chinese companies iQiyi and LeTV. iQiyi, the country’s leading streaming entertainment platform, acquired AVOD and SVOD rights for over 400 half-hours, including kids’ animation titles Paddington and Caillou and Teletubbies, which was the first Western-produced preschool show to air in China. LeTV picked up OTT TV and web broadcast rights for 313 half-hours of Teletubbies in English and Mandarin.

Proprietary production revenues decreased 26 percent to $4.1 million CAD. Distribution revenues gained 40% at $14.03 million CAD. TV revenues were $18.82 million CAD. Licensing and merchandising revenues from owned properties gained 55% at $4.7 million CAD, and represented properties were also up at $6.7 million CAD. Producer and service fee revenues account for $14.3 million CAD. And new media revenues hit $1.23 million CAD.

DHX Media

DHX Media

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