Glacier Reports 2020 Results

VANCOUVER, British Columbia, March 26, 2021 (GLOBE NEWSWIRE) -- Glacier Media Inc. (TSX: GVC) (“Glacier” or the “Company”) reported revenue and earnings for the year ended December 31, 2020.

SUMMARY RESULTS

(thousands of dollars)
except share and per share amounts			2020				2019
Revenue		$	151,304			$	184,790
EBITDA		$	22,941			$	7,967
EBITDA margin			15.2	%			4.3	%
EBITDA per share		$	0.18			$	0.07
Capital expenditures (3)		$	4,530			$	9,765
Net (loss) income attributable to common shareholder		$	(14,966	)		$	34,249
Net (loss) income attributable to common shareholder per share		$	(0.12	)		$	0.29
Weighted average shares outstanding, net			125,213,346				116,783,420
Results including joint ventures and associates:
Revenue (1)(2)		$	183,479			$	229,382
EBITDA (1)(2)		$	29,760			$	16,321
EBITDA margin (1)(2)			16.2	%			7.1	%
EBITDA per share (1)(2)		$	0.24			$	0.14