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Snakk Media has announced its second consecutive quarter of positive EBITDA for FY16 with Q3 EBITDA of NZ$62,662, reducing the year to date net loss to NZ$0.188m. The company also revealed that its Q3 revenues had increased 8% year-on-year to NZ$2.86m, driven by a 244% increase in revenues from its South-East Asian operations, which now account for 15% of the total. On 25 February at a special meeting of shareholders, Snakk Media also secured approval to launch a share sale plan.

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