WILDBRAIN REPORTS Q 1 2023 RESULTS.

HALIFAX, NS: WildBrain Ltd. ("WildBrain" or the "Company") (TSX: WILD), a global leader in kids' and family entertainment, today reported its first-quarter ("Q1 2023") results for the period ended September 30, 2022.

Eric Ellenbogen, WildBrain CEO, said: "Fiscal 2023 is off to a good start with solid top-line growth, particularly in our content production and distribution segments. Our content continues to resonate with distribution partners around the world who value premium, high-quality shows for our beloved brands, such as Caillou, Chip and Potato and Teletubbies. Sonic Prime, a new series we are co-producing with SEGA, premieres on December 15th on Netflix. We continue to layer on more premium content deals to drive consumer products upside and grow our long-term earnings base.

"For Peanuts, in particular, our consistent output of new content on Apple TV+ and the synergies of our vertically integrated business are furthering what we see as a long runway for growth in consumer products. We're continuing to find innovative ways under our 360-degree strategy to connect with audiences across the globe through multi-platform content and consumer products."

Aaron Ames, WildBrain CFO, added: "Q1 2023 results were strong as we continue to build on the investments we've made in the business to increase monetization of our assets and provide a solid foundation for sustainable growth. We increased our revolving credit facility after quarter end to provide greater financial flexibility. We remain comfortable with our leverage, and we expect leverage to continue to decline over time. We reiterate our guidance for Fiscal 2023 revenue in the range of $525 million to $575 million and adjusted EBITDA between $95 million to $105 million."

Q1 2023 Performance - Executing on Priorities

PRIORITIES

HIGHLIGHTS

Activate IP and Grow Key Brands

Announced Teletubbies Let's Go!, a brand-new animated series for WildBrain Spark which began rolling out at the end of October. This followed our previous announcement of a refreshed live-action version for Netflix, featuring new creative elements, which launches this November.

Premiered additional new Peanuts content on Apple TV+ in August, including more new episodes of The Snoopy Show Season 2 plus the fourth original family special, Lucy's School.

Launched the first plush toys for the Chip and Potato brand online with Walmart and Amazon, as the newest episodes for the preschool series debuted as a top-ten show on...

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