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Update: Glacier Media's Q4 Loss Widens, Revenue Falls; Down 10.5%
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Update: Glacier Media's Q4 Loss Widens, Revenue Falls; Down 10.5%
Mar 25, 2024 11:23 AM

01:54 PM EDT, 03/25/2024 (MT Newswires) -- Glacier Media Inc. ( GLMFF ) , near 52-week lows, over the weekend reported a fourth-quarter net loss attributable to common shareholders of $81.6 million, or $0.63 per share, wider than a loss of $25.8 million, or $0.19 per share, a year earlier.

Revenue for the quarter ended Dec. 31, 2023, was $35.7 million, down from $42.7 million a year earlier.

EBITDA for Q4 was $25 million, as compared with an EBITDA loss of $1.6 million.

"The Company is working to reach the point where increases in the revenue, profit and cash flow from its data, analytics and intelligence products and digital media products exceed the decline of its print advertising related profit and cash flow," the company said.

The company's stock plunged 10.5% on last look on Monday.

Price: 0.09, Change: -0.01, Percent Change: -10.53

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