Spielwarenmesse: Entertainment One posts a £43.9m loss in Q1 financials

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Entertainment One posts a £43.9m loss in Q1 financials

11. October 2019 17:05 h

By www.toynews-online.biz

  • Entertainment One has revealed a £43.9 million loss in the first quarter of the year, according to the latest financial reports surrounding the Peppa Pig owner.

The reports have emerged just a matter of days before Hasbro puts its takeover offer of £3.3 billion to a shareholder vote. The toymaker made the move to buy eOne back in August, subject to shareholder approval next Thursday.

Entertainment One has now posted a £43.9 million, up from a £6.8 million loss for the same period last year. It has pointed the finger at higher debt and its acquisition of Audio Network.

According to City AM, revenue fell seven per cent year on year to £173.1 million while underlying earnings before interest, tax depreciation and amortisation fell from £17.3 million last year to £13.4 million.

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