Tilray’s Mixed Quarter: Record Revenue Tempered by Beverage Weakness

Tilray US88688T1007

Tilray Brands’ latest financial report presents investors with a complex picture. The company achieved its highest-ever quarterly revenue, driven by international cannabis operations, yet significant challenges in its beverage division cast a shadow over the results. The central question now is whether the firm can successfully navigate its European expansion while simultaneously rehabilitating its struggling beer business.

For its second quarter of fiscal 2026, ended November 30, 2025, and reported on January 8, the Canadian cannabis and beverage company posted net revenue of $217.5 million. This figure not only set a new company record but also surpassed market expert expectations, which had averaged around $210 million.