WildBrain: Updates Post Deal Close

WildBrain is deeply undervalued post-Peanuts sale, with a derisked balance sheet and $119 million in cash. Strawberry Shortcake and Teletubbies IP are entering high-growth phases, with EBITDA potential ramping sharply through FY '27. Sum-of-the-parts analysis suggests enterprise value could be more than double, with current EV/FY '27 EBITDA at just 1.7x.