NETWORK MEDIA GROUP ANNOUNCES 2025 THIRD QUARTER RESULTS
VANCOUVER, BC, Oct. 30, 2025 /CNW/ - Network Media Group Inc. (TSXV: NTE.V) (OTC: NETWF) ("Network" or "the Company") today reported financial results for the third quarter ended August 31, 2025 ("Q3 2025"), including three-month revenues of $2,849,848 (Q3 2024 - $2,836,100), net income of $135,853 (Q3 2024 – net loss of $769,399), and Adjusted EBITDA1 of $237,790 (Q3 2024 – Adjusted EBITDA loss of $540,247), and contracted future revenues ("backlog"2) of $4.8M. On a per-share basis, the Company reports earnings of $0.01 per share (Q3 2024 – loss of $0.04) and Adjusted EBITDA earnings per share of $0.01 (Q3 2024 – Adjusted EBITDA loss of $0.03). The financial statements and related Management's Discussion and Analysis ("MD&A") can be viewed on SEDAR+ at www.sedarplus.ca.
Network President Curtis White stated, "Our Q3 results mark a return to profitability and demonstrate the strength of our documentary slate and continued focus on independent financing of proprietary content. We're proud of the continued recognition our productions are receiving, including Emmy and Critics Choice nominations for Sly Lives! (aka The Burden of Black Genius). We remain focused on sustainable growth driven by quality, creativity, hyper-efficiency, and collaboration."
Key metrics for Network's nine months ended Q3 2025 include the following highlights:
- Backlog of $4.8M as of October 30, 2025;
- Revenues of $5,366,881 (Q3 2024 - $7,971,885);
- Net loss of $342,647 - $0.02 per share (Q3 2024 Net loss of $2,130,143 - $0.12 per share); and
- Adjusted EBITDA of $200,314 - $0.01 per share (Q3 2024 Adjusted EBITDA loss of $1,240,172 - $0.07 per share).
Operational highlights for the quarter include:
- Sly Lives! (aka The Burden of Black Genius), directed by Ahmir "Questlove" Thompson, which premiered on Hulu/Disney following its Sundance debut, earned Emmy and Critics Choice nominations.
- Delivered proprietary feature documentary I Am Luke Perry, along with I Am Raquel Welch and I Am Joe Frazier under the Elevation Pictures partnership for Crave.
- Completed one five-episode documentary series and continued production on four additional feature-length documentaries.
1 "Adjusted EBITDA" is calculated based on EBITDA (known as earnings/loss before interest, taxes, depreciation and amortization) plus share-based payments expense, finance costs (income), foreign exchange gain (loss) and losses and other items of an unusual nature that do not reflect ongoing operations. EBITDA and Adjusted EBITDA are commonly reported and widely used by investors and lenders as an indicator of a company's operating performance and ability to incur and service debt, and as a valuation metric. EBITDA and Adjusted EBITDA are not an earnings measure recognized by IFRS and therefore do not have a standardized meaning prescribed by IFRS. Therefore, EBITDA and Adjusted EBITDA may not be comparable to similar measures presented by other issuers. |
2 The Company uses the non-IFRS measure "backlog", which is defined as the undiscounted value of signed agreements for production services for work that has not yet been performed, but which the Company expects to recognize revenue in future periods. The extent of eventual revenue recognized in future periods may be materially higher or lower than this amount, depending upon assumptions and expectations that include, but are not limited to the following: the terms of the contracts will not be altered; delivery of the Company's products will occur as scheduled; the purchasing party will make payment as and when due under the contract, and will comply with all payment terms; the US-Canadian currency exchange rates remain stable (assumed to be 1.35 USD-CDN for the purposes of the estimates made herein); no unforeseen event interrupts business in the ordinary course; and the purchasing party will pay, or has paid, Network on a pro-rata to percent completed for a film or episode that is in progress. Should conditions change, the revenue estimates may not be met and actual results may differ, perhaps materially. |
About Network Media Group / Network Entertainment
Network Media Group is the parent company of Network Entertainment Inc.
Network Entertainment is a creatively driven, boutique film, television, and digital content production company that creates, finances and produces award-winning programming for television, digital platforms, and movie audiences around the world.
The Network premium brand of content delivers world-class casts and features visually cinematic, richly crafted storytelling. The Company's productions are consistently embraced by both audiences and critics alike, garnering awards, record ratings, and unparalleled media coverage for Network and its partners.
For additional information on Network Entertainment Inc, visit www.networkentertainment.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement on Non-IFRS Financial Measures and Forward-looking Information
In addition to results reported in accordance with IFRS, this news release refers to certain non-IFRS financial measures as supplemental indicators of the Company's financial and operating performance. These non-IFRS financial measures include EBITDA, Adjusted EBITDA and Future Contracted Production Revenue (commonly referred to as backlog). The Company believes these supplemental financial measures reflect the Company's on-going business in a manner that assists the reader's meaningful period-to-period comparisons and analysis of trends in its business.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. These statements are necessarily based upon management's perceptions, beliefs, assumptions and expectations, as well as a number of specific factors and assumptions that, while considered reasonable by management of the Company as of the date of such statements, are inherently subject to significant uncertainties and contingencies that could result in the forward-looking information ultimately, perhaps materially, being incorrect. All forward-looking information in this news release involve known and unknown risks, uncertainties and other factors that are beyond the control of the Company and may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof.
SOURCE Network Media Group Inc.
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