“CoMiCs ArE bOoMiNg!” IDW’s Earnings in Decline for 2nd Straight Year

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IDW recently announced its results for the fourth quarter of the financial year. The results showed a decline in the company’s financial performance, with a decrease in both revenue and earnings year-on-year. This poor financial performance is a cause  for the future of the indie comics publisher.

 

Revenue for the quarter was reported at $35.8 million, a decrease of 4% compared to the same quarter in the previous year. This decrease in revenue can be attributed to a decline in business activity, as the COVID-19 pandemic has impacted the financial services sector. The company’s earnings per share (EPS) also showed a decline, with a figure of $0.11 reported, compared to $0.14 in the same quarter the previous year.

 

In addition to the decrease in revenue and earnings, the company also reported a decline in its customer base, with a loss of 2% compared to the same quarter the previous year. This decline in customers is a worrying sign, as it indicates a lack of confidence in the publisher, and may lead to further financial difficulties in the future.

 

Eric D. July commented on this financial report:

 

IDW LOSES money for the 2nd year straight

 

Meanwhile, IDW also lost two of their biggest licensed properties in 2022, G.I. Joe and Transformers, which must have been devastating. Despite these challenges, IDW has stated that it remains committed to its strategy, and also announced a number of initiatives aimed at improving its financial performance, including cost-cutting measures and investments in technology.

 

Wes Daugherity also commented on the comic industry overall with Aaron Sparrow.

Rats Abandon Comic Industry They Killed OR WORSE E-Beg

 

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Jamison Ashley

Comic geek, movie nerd, father, and husband - but not necessarily in that order. Former captain of this ship o' fools secretly training everyone's computers and snarkphone spell-checkers to misspell 'supposebly.'

JUST KEEPING THE LIGHTS ON