Network Media Group Reports Significant Financial Updates
Network Media Group Financial Results Overview
Network Media Group Inc. (TSXV: NTE, OTC: NETWF) has announced its financial results for the second quarter ended May 31, 2025. The company reported a total revenue of $1,022,575 for this quarter, which reflects a decrease from $3,006,969 in the same quarter of the previous year. During this period, the net loss amounted to $772,209, compared to a loss of $754,773 during Q2 2024.
Adjusted EBITDA and Loss Per Share
The company also reported an Adjusted EBITDA loss of $513,439 in Q2 2025, showing a significant increase from the loss of $344,957 observed in Q2 2024. This translates to a loss of $0.04 per share during this quarter, unchanged from the previous year, while the Adjusted EBITDA loss per share was $0.03, compared to $0.02 last year.
Future Revenue and Backlog
One of the distinct highlights from the report was an increase in the backlog of future revenues, which currently stands at $8.5 million. This backlog indicates that $5.9 million is expected to be recognized within the next six months, with an additional $2.6 million anticipated beyond that period. The backlog reflects signed agreements for production services that the company anticipates will translate into revenue in future reporting periods.
Operational Highlights
Operationally, Network Media Group is making strides in the production of multiple feature-length documentaries and a new five-episode series. Notably, the documentary titled Sly Lives! (aka The Burden of Black Genius), focusing on Sly and the Family Stone, has recently received an Emmy nomination, showcasing the inspirational work the company is producing.
Recent Partnerships and Productions
During the quarter, Network Media Group formed a strategic distribution alliance with Elevation Pictures to release its I Am series of biographies. The series includes anticipated titles such as I Am Luke Perry, I Am Raquel Welch, and I Am Joe Frazier. These titles debuted on the Crave platform, demonstrating the company’s ongoing commitment to producing high-quality content.
Recognition and Awards
The company's achievements were also highlighted at the 2025 Webby Awards, where the documentary Brats, directed by Andrew McCarthy, won in two categories: Video & Film: Documentary and People's Voice Winner in the same category. This recognition underscores the creative excellence and audience appeal of Network's productions.
Continued Focus on Proprietary Content
President Curtis White expressed optimism about the company’s future prospects, emphasizing a commitment to creating and delivering independently financed proprietary content with the support of strategic partners. This approach aims to meet evolving audience demands while enriching the marketplace.
Looking Ahead
As Network Media Group navigates the challenges of today’s media landscape, its strategic initiatives and partnerships are paving the way for potential growth. By focusing on high-quality content and cultivating valuable relationships in the media industry, the company is positioning itself for long-term success.
Frequently Asked Questions
What are the financial results for Q2 2025?
Network Media Group reported $1,022,575 in revenue, with a net loss of $772,209 and an Adjusted EBITDA loss of $513,439 for Q2 2025.
How has the company performed compared to last year?
The revenue decreased from $3 million in Q2 2024, and the net loss slightly increased from the previous year's loss of about $755,000.
What is the current backlog for Network Media Group?
The current backlog stands at $8.5 million, with expectations of recognizing $5.9 million in the next six months.
What recent recognitions has the company received?
Network Media Group received an Emmy nomination for its documentary Sly Lives! and won two Webby Awards for its documentary Brats.
What strategic partnerships has Network Media Group formed recently?
The company formed a distribution partnership with Elevation Pictures for its I Am documentary series, which includes high-profile titles.
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