Blue Ant Media reports Q3 loss, Thunderbird deal helps revenue more than double

TORONTO — Blue Ant Media Corp. says it lost $17.5 million in its latest quarter as its revenue more than doubled compared with a year ago, helped by its acquisition of Thunderbird Entertainment.

TORONTO — Blue Ant Media Corp. says it lost $17.5 million in its latest quarter as its revenue more than doubled compared with a year ago, helped by its acquisition of Thunderbird Entertainment. The streaming and production company says the loss amounted to 64 cents per diluted share for the quarter ending May 31 as it took a $33.1-million non-cash impairment charge related to broadcast licences in the company's Canadian media segment. The result compared with a loss of $11.2 million, or 73 cents per diluted share in the same quarter last year.

Revenue for the quarter totalled $125.6 million, up from $56 million a year ago, before the company bought Thunderbird Entertainment. Blue Ant chief executive Michael MacMillan says the results provide a clear picture of the company's expanded scale, output and earnings power. Blue Ant has a portfolio of free streaming and pay TV channels as well as the subscription streaming service MagellanTV.

This report by The Canadian Press was first published July 15, 2026. Companies in this story: (TSX:BAMI) The Canadian Press