“Doctor Who” producer Bad Wolf has increased its profits by 49% despite a drop in revenue year-on-year.
Post-tax profits rose from £7,072,610 ($8.9 million) in 2023 to £10,554,620 ($13.2 million) in 2024, latest records show. Gross profits climbed from £11 million last year to £15 million this year.
This is despite revenue dropping from £117 million in 2023 to £94 million in 2024.
The accounts, filed last week at U.K. business registrar Companies House, cover the 12-month period ending March 31, 2024.
The filings also show that the value of projects Bad Wolf have that are classed as “in production” have fallen substantially, from £96 million last year to £72 million this year. Among the shows the company have in the pipeline is “The Other Bennet Sister,” a spin-off of Jane Austen’s “Pride and Prejudice.”
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That downward trend, which is being felt in the U.K. production industry at large, is also reflected in the company’s revenues by market. The company’s U.K. revenue dropped from £91 million to £70 million over the period of a year while the U.S. revenue has dropped marginally less, from £26 million in 2023 to £24 million this year.
Bad Wolf, which is run by Jane Tranter and Julie Gardner, is known for shows such as “Doctor Who,” “Industry” and “His Dark Materials.” In 2021 the Wales-based company, which also owns a sound stage facility in Cardiff, was acquired by Sony Pictures Television for a rumored £60 million.
The Companies House filings reflect Bad Wolf’s continued commitment to Wales, stating: “Bad Wolf has committed to using Welsh crew and expanding the local crew base. Bad Wolf’s spending on local employment and businesses has yielded substantial economic benefits for the Welsh economy.”