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Entertainment One Q1 Underlying EBITDA Declines; Revenue Down 7% - Quick Facts

Entertainment One Ltd (ETO.L) reported that its first-quarter Group underlying EBITDA declined 23 percent year-on-year driven by an increase in Group costs. An increase in underlying EBITDA of Music was offset by lower EBITDA in Film and TV. Group reported revenue was 7 percent lower than the prior period, impacted by lower Film, Television & Music. Family & Brands revenue was broadly stable compared to the prior period.

For the first-quarter, on a reported basis, loss before tax widened to 43.9 million pounds from a loss of 6.8 million pounds. Loss per share were 8.3 pence compared to a loss of 1.9 pence, previous year, reflecting the higher one-off charges. Underlying EBITDA declined to 13.4 million pounds from 17.3 million pounds. Adjusted loss per share was 0.3 pence compared to profit per share of 0.8 pence.

First-quarter revenue declined to 173.1 million pounds from 185.7 million pounds, prior year.

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