13 slides from Corus Entertainment Inc. Class B's earnings presentation, Jun 26, 2025
Slide 1: Fiscal 2025 Third Quarter Earnings Conference Call
Fiscal 2025 Third Quarter Earnings Conference Call Thursday, June 26, 2025 | 8 a.m. ET
Slide 2: Caution Concerning Forward-looking Information
Caution Concerning Forward-looking Information This presentation contains forward-looking information and should be read subject to the following cautionary language: To the extent any statements made in this document contain information that is not historical, these statements are forward-looking s
Slide 3: Today's Presenters
Today's Presenters John Gossling Jennifer Lee Doug Spence Ann Duggan Chief Executive Officer and Chief Administrative Officer, Vice President, Vice President, (Interim) Chief Financial Officer Chief Legal Officer and Finance - Planning, Finance and Controller Corporate Secretary Strategy and Treasur
Slide 4: Leadership at Corus
Leadership at Corus • John Gossling appointed CEO effective June 4, 2025 • Business highlights since June 2024 - Assigned, amended and extended Corus’ Credit Facility - Significantly reduced operating costs and increased efficiency - Global TV and Global News delivered their best performance in year
Slide 5: 2025/2026 Global TV Fall Schedule
2025/2026 Global TV Fall Schedule Fiscal 2025 Third Quarter Earnings Conference Call | 5
Slide 6: 2025/2026 Specialty Lineup
2025/2026 Specialty Lineup Fiscal 2025 Third Quarter Earnings Conference Call | 6
Slide 7: Multi-Platform
Multi-Platform Corus’ streaming portfolio had its strongest Winter/Spring season ever with over 19 million monthly average hours streamed (up 7% YoY)1 1 Amazon Video Central and Amazon via Power BI Dashboard (STACKTV)/Adobe Analytics (Global TV App), January 2025 to May 2025 monthly average vs. Janu
Slide 8: Q3 Fiscal 2025 Consolidated Results
Q3 Fiscal 2025 Consolidated Results • Revenue reflects impact of economic uncertainty, lower demand for linear advertising, oversupply of digital inventory in the market and lower subscription and distribution, production and other revenue • Segment profit1 reflects impact of lower revenue, partiall
Slide 9: Q3 Fiscal 2025 Television Results
Q3 Fiscal 2025 Television Results •A dvertising revenue impacted by economic uncertainty and lower demand •S ubscriber revenue reflects lower traditional TV system subscribers and the sunset of three specialty TV networks in the first half of fiscal 2025 •D istribution, production and other revenue
Slide 10: Q3 Fiscal 2025 Radio Results
Q3 Fiscal 2025 Radio Results •A dvertising revenue was slightly lower, benefiting from election spending and strong performance in Edmonton and Winnipeg driven by NHL playoffs •S egment profit almost doubled reflecting the impact of cost savings initiatives (in millions of dollars except percentages
Slide 11: Regulatory Developments
Regulatory Developments • Canadian Radio-television and Telecommunications Commission (CRTC) confirmed Corus’ eligibility for funding from the Independent Local News Fund (June 2025) • Corus appeared at the public hearing portion of the CRTC’s ‘Defining Canadian Content’ consultation (May 2025) and
Slide 12: Key Takeaways
Key Takeaways • Progressing towards updated Canadian regulatory framework • Low visibility advertising environment industry-wide • Corus’ strategic and financial plan is moving in the right direction • Executing on initiatives to strengthen balance sheet and right-size operations • Investments in at
Slide 13: Fiscal 2025 Third Quarter Earnings Conference Call Q&A
Fiscal 2025 Third Quarter Earnings Conference Call Thursday, June 26, 2025 Q&A