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WildBrain • • • • • • WILDBRAIN REPORTS Q4 AND FULL YEAR 2021 RESULTS Revenue increased 21 % to $ 112.6 million in Q4 2021 , compared to $ 92.9 million in Q4 2020. Fiscal 2021 revenue grew 6 % to $ 452.5 million , compared to $ 425.6 million in Fiscal 2020 . Net income of $ 11.4 million in Q4 2021 increased from net income of $ 4.0 million in Q4 2020. Fiscal 2021 net loss improved to $ 7.1 million , compared to a net loss of $ 236.0 million in Fiscal 2020 , largely as a result of a non - cash goodwill impairment taken in Fiscal 2020 . Positive Free Cash Flow increased 50 % to $ 13.9 million in Q4 2021 , compared to $ 9.3 million in Q4 2020 . Fiscal 2021 positive Free Cash Flow increased 16 % to $ 31.5 million , compared to $ 27.1 million in Fiscal 2020 . Adjusted EBITDA in Q4 2021 increased 3 % to $ 19.2 million , compared with $ 18.7 million in Q4 2020. Fiscal 2021 adjusted EBITDA increased to $ 83.1 million , compared with $ 81.8 million in Fiscal 2020 . Consumer Products revenue grew 33 % to $ 44.2 million in Q4 2021 , compared to $ 33.2 million in Q4 2020 . Fiscal 2021 Consumer Products revenue grew to $ 175.2 million , compared to $ 168.6 million in Fiscal 2020 . WildBrain Spark ( " Spark " ) revenue increased 81 % to $ 11.7 million in Q4 2021 , compared to $ 6.5 million in Q4 2020. Fiscal 2021 Spark revenue was $ 45.8 million , compared to $ 62.3 million in Fiscal 2020 . Halifax , NS - September 14 , 2021 - WildBrain Ltd. ( " WildBrain " or the " Company " ) ( TSX : WILD ) , a global leader in kids and family entertainment , today reported its fourth quarter ( " Q4 2021 " ) and year - end ( " Fiscal 2021 " ) results for the periods ended June 30 , 2021 . Eric Ellenbogen , WildBrain CEO , said : " Fiscal 2021 was a turning point for WildBrain . We're seeing returns from our focus on creativity , digital media and IP and activating some of our key brands , which will further fuel our cash flow while driving consumer products upside . Among these activities are our Sonic Prime partnership with SEGA and Netflix , holistic agreements with the emoji company and Moose Toys on new IP , and our expanded Peanuts partnership with Apple TV + . Recently , we switched on yet another major property , Yo Gabba Gabba !, in an agreement with Apple TV + for a new original series and our Yo Gabba Gabba ! library . And just last week , we relaunched Strawberry Shortcake with the debut of an all - new animated series on WildBrain Spark , a new Roblox game , brand collaborations and new toys and consumer products set to roll out in 2022. WildBrain Spark's revenues were also up 81 % in the current quarter , reflecting ongoing improvements in advertising rates and ad placements . If these positive trends continue together with our focus on higher value views , we expect growth to continue at WildBrain Spark in Fiscal 2022 compared to Fiscal 2021 and foresee Q1 2022 revenue increasing by at least 60 % over last year's Q1 . " Ellenbogen added : " Overall , we expect growth to accelerate as we move through Fiscal 2022 and beyond as these new deals and franchises play out in our numbers . We're investing our increased revenues in new content for WildBrain Spark to drive audience engagement and also in marketing to drive our brands . We're just beginning to switch on the IP in our vault and to leverage WildBrain's unique , 360 - degree capabilities in content , distribution , audience delivery and licensing to maximize the profitability of our assets . " Toronto 207 Queens Quay W. Suite 550 Toronto , ON M5J 1A7 Canada t +1 416 363 8034 Halifax 5657 Spring Garden Road Suite 505 Halifax , NS B3J 3R4 Canada t +1 902 423 0260 Vancouver 380 West 5th Avenue Vancouver , BC V5Y 1J5 Canada t +1 604 684 2363 New York 352 Park Avenue So. FL 8 New York , NY 10010 USA t + 1 212 293 8555 London 183 Eversholt Street London , NW1 1BU United Kingdom t +44 ( 0 ) 20 7631 3931