Glacier Reports First Quarter 2021 Results

VANCOUVER, British Columbia, May 14, 2021 (GLOBE NEWSWIRE) -- Glacier Media Inc. (TSX: GVC) (“Glacier” or the “Company”) reported revenue and earnings for the period ended March 31, 2021.

Summary Results

(thousands of dollars)		Three months ended March 31,
except share and per share amounts			2021				2020
Revenue		$	39,497			$	43,281
EBITDA		$	4,403			$	1,933
EBITDA margin			11.1	%			4.5	%
EBITDA per share		$	0.04			$	0.02
Capital expenditures		$	1,113			$	1,323
Net income (loss) attributable to common shareholder		$	1,731			$	(12,209	)
Net income (loss) attributable to common shareholder per share		$	0.01			$	(0.10	)
Weighted average shares outstanding, net			125,213,346				125,213,346
Results including joint ventures and associates:
Revenue (1)		$	46,890			$	52,393
EBITDA (1)		$	5,585			$	3,189
EBITDA margin (1)			11.9	%			6.1	%
EBITDA per share (1)		$	0.04			$	0.03

⁽¹⁾ Certain results are presented to include the Company’s proportionate share of its joint venture and associate operations, as this is the basis on which management bases its operating decisions and performance. The Company’s joint ventures and associates include Great West Media Limited Partnership, the Victoria Times-Colonist, Rhode Island Suburban Newspapers, Inc., Village Media Inc. and Borden Bridge Development Corporation.