Wallace & Gromit maker Aardman falls short of return to profit
Source: The Guardian ·
Animation studio narrows annual loss to £1.1m amid ‘challenging market’ in children’s contentDon’t break out the celebratory Wensleydale just yet. Aardman, the British animation studio behind the cheese-loving inventor Wallace and his beloved dog Gromit, has fallen short of a target to get back in the black, its accounts show.The employee-owned business was aiming to record a small profit in…
From the source
Don’t break out the celebratory Wensleydale just yet. Aardman, the British animation studio behind the cheese-loving inventor Wallace and his beloved dog Gromit, has fallen short of a target to get back in the black, its accounts show. The employee-owned business was aiming to record a small profit in 2025 after two years of consecutive losses but was hit by production delays and a “challenging market” in children’s content. So although its revenues jumped 8% to £20.4m last year, it was in the red to the tune of £1.1m, albeit an improvement on the previous year’s £4.1m loss. Aardman, which also produces the popular Shaun the Sheep series, said the timing of some “significant” deals and weaker income in some parts of the business had hurt its bottom line. It will be hoping for a boost from new projects, such as a recently opened exhibition at Lightroom in London that explores its 54-year history, as well as a third Shaun the Sheep film, which was released last month. And the famously…