Consolidated revenue decreased 16% for the quarter and 17% for the year-to-date
Consolidated segment profit(1) decreased 53% for the quarter and 29% for the year-to-date
Consolidated segment profit margin(1) of 12% for the quarter and 16% for the year-to-date
Net loss attributable to shareholders of $36.5 million ($0.18 loss per share basic) for the quarter and $53.7 million ($0.27 loss per share basic) for the year-to-date
Free cash flow(1) of $6.2 million for the quarter and a negative $46.1 million for the year-to-date.
TORONTO, June 26, 2026 /CNW/ - Corus Entertainment Inc. (TSX: CJR.B) announced its third quarter financial results today.
"During the third quarter, we advanced key business objectives, including securing a strong Fall/Winter programming line-up and progressing new growth opportunities," said John Gossling, Chief Executive Officer. "Our results reflect significant savings from cost management initiatives, which helped partially offset continued pressure on linear television advertising demand. As we move through the next phase of our proposed recapitalization transaction, we remain focused on strengthening our financial foundation and creating value for audiences and advertisers across our multi-platform portfolio."
Financial Highlights
Three months ended | Nine months ended | |||||
May 31, | % | May 31, | % | |||
(in thousands of Canadian dollars except per share amounts) | 2026 | 2025 | Change | 2026 | 2025 | Change |
Revenue | ||||||
Television | 229,477 | 274,522 | (16 %) | 686,982 | 829,959 | (17 %) |
Radio | 19,886 | 23,284 | (15 %) | 60,127 | 65,371 | (8 %) |
249,363 | 297,806 | (16 %) | 747,109 | 895,330 | (17 %) | |
Segment profit (loss) (1) | ||||||
Television | 29,884 | 62,667 | (52 %) | 119,300 | 171,243 | (30 %) |
Radio | 4,078 | 5,072 | (20 %) | 11,338 | 10,378 | 9 % |
Corporate | (4,837) | (6,132) | 21 % | (14,095) | (18,288) | 23 % |
29,125 | 61,607 | (53 %) | 116,543 | 163,333 | (29 %) | |
Segment profit margin (1) | ||||||
Television | 13 % | 23 % | 17 % | 21 % | ||
Radio | 21 % | 22 % | 19 % | 16 % | ||
Consolidated | 12 % | 21 % | 16 % | 18 % | ||
Net loss attributable to shareholders | (36,495) | (7,336) | (53,684) | (51,308) | ||
Adjusted net income (loss) attributable to shareholders(1) | (30,117) | 12,646 | (39,734) | (1,709) | ||
Earnings (loss) per share: | ||||||
Basic and diluted | ($0.18) | ($0.04) | ($0.27) | ($0.26) | ||
Adjusted basic (1) | ($0.15) | $0.06 | ($0.20) | ($0.01) | ||
Free cash flow (1) | 6,243 | (32,526) | 119 % | (46,084) | 3,342 | (1479 %) |
(1) | In addition to disclosing results in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB"), the Company also provides supplementary non-IFRS measures as a method of evaluating the Company's performance and to provide a better understanding of how management views the Company's performance. These non-IFRS or non-Generally Accepted Accounting Principles ("GAAP") measures can include: segment profit (loss), segment profit margin, free cash flow, adjusted net income (loss) attributable to shareholders, adjusted basic earnings (loss) per share, net debt to segment profit, and new platform revenue. These are not measurements in accordance with IFRS and should not be considered as an alternative to any other measure of performance under IFRS. Please see additional discussion and reconciliations under the Key Performance Indicators and Non-GAAP Financial Measures section of the Company's Third Quarter 2026 Report to Shareholders. |