Glacier Reports Second Quarter 2026 Results

(TSX: GVC) Glacier Media Inc. reported revenue of $30,234,000 for the three months ended June 30, 2026, and $60,072,000 for the six months ended June 30, 2026. EBITDA for the three months ended June 30, 2026, was $1,400,000, representing a margin of 4.6%, and net income attributable to common shareholders was $5,247,000 for the quarter. Capital expenditures for the three months ended June 30, 2026, were $490,000, and the company had a cash balance of $10,400,000 as at June 30, 2026. Advertising revenue decreased by $2,700,000 or 20.0%, while Data and Subscription revenue increased by $700,000 or 4.5%, and Events and Services revenue decreased by $300,000 or 9.1%. The company recorded a recovery of interest of $5,704,000 during the quarter as a result of interest relief negotiations relating to the Uncertain Tax liability with the Canada Revenue Agency. The company has completely exited legacy print community media operations, with $2,100,000 of the $2,400,000 decrease in total revenue related to these operations. The company projects continued cost containment and rationalization within certain operations, partially offset by investment spending in strategic growth areas.