Network Media Sees Revenue Rise, Reduced Losses

Network Media (TSE:NTE) has released an update.

Network Media Group has reported a mixed start to 2024, with an increase in first-quarter revenues to over $2.1 million, alongside a reduced net loss from the previous year. Despite the loss, the company is experiencing a hive of production activity, initiating several feature-length documentaries and launching a new documentary series, setting the stage for anticipated growth with a $20 million production backlog. The firm specializes in creating and distributing high-quality film, television, and digital content, with recent ventures into the web3 space through digital collectibles and related projects.

For further insights into TSE:NTE stock, check out TipRanks’ Stock Analysis page.