IDW - IDW STOCK NEWS

IDW Media Holdings reported a significant 44% decrease in consolidated revenue to $6.6 million for 1Q23, down from $11.8 million in 1Q22, largely attributed to a lack of revenue recognition for IDW Entertainment.

IDW Publishing's revenue fell to $6.6 million from $7.5 million, primarily due to reduced games revenue. A net loss of $2.0 million, or $0.15 per share, was reported, compared to a net income of $2.0 million, or $0.15 per share, in the prior year. The management emphasizes digital growth and the need for strategic productions to enhance profitability in an unpredictable entertainment market.

IDW Media Holdings announced they will report financial results for the first quarter ended January 31, 2023, on March 15, 2023. The earnings release will be available on the IDW investor relations website at approximately 4:15 p.m. ET. Following the release, management will host a conference call at 5:00 p.m. EST to discuss results, outlook, and strategy, with a Q&A session for investors. The call can be accessed by dialing (877) 704-4453 for domestic calls or (201) 389-0920 internationally. A replay will be available shortly after the call until March 22, 2023.

IDW Media Holdings reported strong financial growth for the fourth quarter and full year ending October 31, 2022. Consolidated revenue surged 48% year-over-year to $10.5 million in 4Q22, driven by IDW Entertainment's revenue recognition from Locke & Key season three. Full year revenue increased 11% to $36.1 million. While IDW Publishing's revenue dipped to $5.7 million in 4Q22 due to fewer title releases, IDW Entertainment's revenue rose significantly to $4.8 million from only $0.2 million in 4Q21. The company achieved a net income of $0.4 million, improving from a net loss of $0.7 million in the prior year.

IDW Media Holdings, Inc. (NYSE American:IDW) will report its financial results for the fourth quarter and year ended October 31, 2022, on January 19, 2023, after market close. The earnings release will be available around 4:15 p.m. ET on the company's investor relations website. An earnings conference call led by management will follow at 5:00 p.m. EST, discussing results, outlook, and strategy, followed by a Q&A session. Investors can join the call via specified phone numbers or an online link. A replay will be accessible until January 26, 2023, through provided numbers and the investor relations website.

IDW Media Holdings reported a 14% increase in consolidated revenue for Q3 2022, reaching $7.7 million, driven by substantial growth in IDW Entertainment. IDW Publishing faced a 3% revenue decline to $6.6 million due to fewer releases and distributor transition issues. The net loss improved to $0.8 million or $0.06 per share compared to last year. IDW is developing five television series from its graphic novels, indicating a strategic focus on original content and long-term growth.

IDW Media Holdings, Inc. will report its third quarter 2022 financial results on September 14, 2022, with an earnings release accessible around 4:15 p.m. ET. Following this, a conference call is scheduled for 5:00 p.m. ET to discuss the results and future outlook, including a Q&A session with investors. The call will provide insights into IDW's operational performance over the nine months ending July 31, 2022. Investors can participate in the call by dialing the provided phone numbers.

IDW announces a co-development deal with writers Matt Silverstein and Dave Jeser to create a television series and comic book titled Family Time. This collaboration aims to leverage IDW's expertise in multiple media formats, marking a significant step in their strategy to develop engaging content across platforms. The deal includes involvement from writer James Asmus and artist Edison Neo, showcasing IDW's commitment to producing unique stories. This project follows recent partnerships with major studios, reinforcing IDW's growth potential in the entertainment industry.

IDW Media Holdings has appointed Allan Grafman as the new CEO to enhance the development and monetization of original properties. Grafman brings extensive experience from Archie Comics, Hallmark Entertainment, and Disney. His leadership aims to leverage IDW's strengths in comics and graphic novels, building on the company's achievements in creating iconic characters and stories. Chairman Howard Jonas praised Grafman's dynamic leadership and vision for transforming IDW into a media powerhouse, continuing the focus on original IP content acquisition for television and publishing.