Canada's Glacier Media Q1 revenue falls as print exits

Glacier Media

07/05/2026 22:17

Overview

Canada business information provider's Q1 revenue fell 8% yr/yr as legacy print operations exited

Q1 EBITDA turned positive from a loss last year, helped by lower expenses and cost containment

Advertising revenue dropped 18% while data and subscription revenue rose 4%

Outlook

Company did not provide specific guidance or outlook for future quarters or the full year

Result Drivers

ADVERTISING REVENUE DROP - Co said advertising revenue declined due to economic uncertainty and closure or sale of community media publications

DATA AND SUBSCRIPTION GROWTH - Data and subscription revenue increased, mainly in Environmental Risk and Compliance Information operations

EXPENSE REDUCTIONS - Lower direct and general and administrative expenses, driven by exit from legacy print operations and cost containment in core operations, helped improve EBITDA

Company press release: ID:nGNX6TXmMf

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
C$29.84 mln
Q1 Net Income
-C$1.58 mln
Q1 Capex
C$1.21 mln
Q1 EBITDA
C$1.03 mln
Q1 EBITDA Margin
3.5%


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)