Network Media (TSE:NTE) has released an update.
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Network Media Group reported a significant increase in second-quarter revenues for 2024, reaching over $3 million, despite recording a net loss and an Adjusted EBITDA loss. The company highlighted a sizeable backlog of $14.3 million and is optimistic about future growth, spurred by successful projects like the critically acclaimed BRATS and a new Bernie Taupin documentary. Network continues to focus on its production pipeline, including six documentaries and a four-part series, which promises potential for increased revenues in the latter half of the year.
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