Corus Entertainment (TSE:CJR.B – Get Free Report) posted its quarterly earnings data on Friday. The company reported C($0.15) EPS for the quarter, FiscalAI reports. The company had revenue of C$249.36 million for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%.
Here are the key takeaways from Corus Entertainment’s conference call:
- Corus is still awaiting regulatory approval for its recapitalization transaction, with the CRTC consultation period now closed but no timing for completion yet.
- Third-quarter revenue fell 16% to CAD 249 million, pressured by lower TV advertising demand, ongoing declines in traditional linear subscriptions, and a tougher comparison from prior-year election spending.
- Consolidated segment profit declined 53% to CAD 29 million, and TV segment profit dropped 52%, reflecting the impact of lower revenue despite cost-cutting efforts.
- Management highlighted meaningful cost containment, including a 16% decline in G&A expenses and a positive CAD 6 million free cash flow result in the quarter, supported by lower programming investment and working-capital benefits.
- Corus emphasized strong programming momentum heading into fall, including popular Global titles like Survivor, 9-1-1, and a leading slate across specialty brands, plus growth in streaming engagement and the launch of new offerings such as Vivéo and TMS2.
Corus Entertainment Stock Up 14.3%
Shares of TSE CJR.B opened at C$0.04 on Friday. The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.69 and a current ratio of 0.69. Corus Entertainment has a 52 week low of C$0.03 and a 52 week high of C$0.11. The stock has a market capitalization of C$7.98 million, a P/E ratio of -0.03, a PEG ratio of -0.61 and a beta of 1.63. The stock’s fifty day moving average is C$0.03 and its 200 day moving average is C$0.03.
About Corus Entertainment
Corus Entertainment Inc is a media and content company that operates in the diversified media industry. The company has two business segments, which includes television, and radio. The television business segment has a portfolio of television channels. The radio business segment controls a number of stations that cater to both the music, news, and talk radio markets. The company generates the vast majority of its revenue in Canada.
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