05:21 PM EST, 02/11/2025 (MT Newswires) -- WildBrain ( WLDBF ) , a kids' and family entertainment company, Tuesday afternoon said its fiscal second quarter swung to a loss while revenue rose.

Net loss from continuing operations stood at $69.1 million compared with net income of $7 million in last year. The company said the change was mainly due to a non-cash impairment of investment in film and television, and acquired and library content.

Revenue from continuing operations rose 7% to $125.8 million from $117.6 million.

Global Licensing revenue grew 32% to $80.4 million, compared to $60.9 million last year. Content Creation and Audience Engagement revenue dropped 20% to $45.3 million, down from $56.7 million a year prior. The company said the drop was due to the timing of distribution deals and live-action production this quarter compared to last year.

The company reaffirmed its earlier outlook for the fiscal year 2025. It expects revenue growth, including discontinued operations, to be around 10% to 15%, and adjusted earnings before interest, taxes, depreciation, and amortization growth, including discontinued operations, to be about 5% to 10%. The company added that the closing date of the sale of WildBrain Television could affect its outlook.

WildBrain ( WLDBF ) shares closed up $0.03 to $1.76 on the Toronto Stock Exchange.