Tilray revenue rises as beverage business drives record quarterly sales
Tilray Inc reported Q1 revenue of $257.1M, up 23% YoY, driven by beverage growth. Gross profit rose 35% to $77.5M. Beverage revenue increased 82% to $101.5M, while cannabis revenue fell. Net loss was $40M, with adjusted EBITDA at $9.2M. The company reaffirmed its fiscal 2027 adjusted EBITDA forecast of $68M-$75M.
How this was made

The 30-second read
Why it matters
The earnings release shows top‑line growth but bottom‑line weakness, prompting a modest share decline.
Market read
First‑quarter earnings provide fresh data for traders; the mixed results suggest short‑term downside with potential upside from beverage growth.
What to watch
BrewDog acquisition synergies and strong beverage margins may materialize later in the year.
Background
Tilray is a NASDAQ‑listed cannabis and consumer products company that recently acquired BrewDog to expand its beverage portfolio.
Ticker impact
Tilray reported record Q1 revenue of $257.1M, 23% YoY growth, but net loss of $40M and shares fell ~3% pre‑market.
likely further pressure as market prices in the net loss and weaker EBITDA guidance.
Revenue beat is offset by a larger net loss and a modest guidance reaffirmation, causing the stock to trade down.
Market effects
Cannabis sector may see broader scrutiny as earnings highlight margin pressure despite revenue growth.
International expansion in EMEA shows growth but may not offset US market weakness.
Limited; primarily affects Tilray and peers in the cannabis space.
Counterpoint
Revenue surge and beverage segment strength could support a rebound if cost controls improve.
Key entities
- companyTilray Inc
NASDAQ: TLRY, cannabis and consumer products firm.


