Glacier Media Inc. reports $141.9 million in revenue for 2024, EBITDA improved to $9.7 million.

From GlobeNewswire: 2025-03-21 18:04:00

Glacier Media Inc. reported revenue and earnings for the year ended December 31, 2024. Consolidated revenue was $141.9 million, down 8.4% from the prior year. EBITDA for the year was $9.7 million, a significant improvement from a loss of $4.2 million in 2023. The company has focused on core businesses, with optimism for long-term growth and shareholder value enhancement. Remaining print operations are performing well, while underperforming legacy businesses are being addressed. Financially, the company had $6.4 million in cash and $6.8 million in non-recourse mortgages as of December 31, 2024.

In 2024, Glacier Media Inc. made significant progress in restructuring and improving profitability. The company’s focus on business information and consumer digital businesses has driven positive results, with an 8.4% decline in revenue primarily due to the closure and sale of underperforming print community media operations. EBITDA saw a substantial improvement to $9.7 million, reflecting the successful restructuring efforts. Looking ahead, the company remains committed to enhancing shareholder value and addressing any remaining legacy business challenges.

For further information, interested parties can contact Mr. Orest Smysnuik, Chief Financial Officer, at 604-708-3264. Glacier Media Inc. is a diverse portfolio of business information and consumer digital businesses, aiming to lead in various industries and markets. The company’s forward-looking statements acknowledge risks and uncertainties, emphasizing the importance of strategic initiatives and economic factors in achieving future success. Non-IFRS financial measures like EBITDA are used to assess profitability and return on equity, providing valuable insights into the company’s performance.



Read more at GlobeNewswire: Glacier Reports Year End 2024 Results