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Corus Entertainment (CJR.B) investor relations material
Corus Entertainment Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary26 Jun, 2025
Executive summary
Transitioned to a single CEO structure, with John Gossling appointed CEO effective June 4, 2025.
Achieved significant cost reductions, including a 30% headcount reduction since August 2022.
Rebranded specialty networks and expanded digital offerings, driving increased engagement and audience growth.
Streaming platforms achieved record engagement, with 19 million monthly average hours streamed, up 7% year-over-year.
Net loss attributable to shareholders was $7.3 million for the quarter, with a basic loss per share of $0.04.
Financial highlights
Q3 consolidated revenue was $298 million, down 10% year-over-year, mainly due to lower TV advertising and subscription revenue.
Segment profit was $62 million, down 9% year-over-year, with margin up to 21% from 20% last year.
Free cash flow was negative $33 million, impacted by lower profit, higher working capital, and restructuring costs.
Net debt to segment profit rose to 5.39x from 3.84x in August 2024.
Adjusted net income attributable to shareholders was $12.6 million for the quarter.
Outlook and guidance
Q4 TV advertising revenue expected to decline 20% year-over-year due to challenging ad environment.
General and administrative expenses projected to decrease by 10–15% in Q4 versus prior year.
TV program rights amortization expected to remain flat year-over-year in Q4.
Continued focus on cost reduction initiatives and operational efficiencies.
Awaiting further details on CRTC decision regarding funding from the Independent Local News Fund.
Explain drivers of TV ad revenue decline.
Assess impact of debt refinancing on financials.
How will cost reduction offset revenue decline?
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Next Corus Entertainment earnings date
Q4 202524 Oct, 2025
Next Corus Entertainment earnings date
Q4 202524 Oct, 2025
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Frequently asked questions
Corus Entertainment Inc. is the leading media and content company in Canada that provides entertaining experiences for families and travellers with our specialty television channels, including YTV, Treehouse, Nickelodeon Canada, Disney Channel Canada, W Network, OWN: Oprah Winfrey Network (Canada), HGTV Canada, Food Network Canada and History as well as Nelvana, one of Canada's premier animation production companies, conventional television stations in Toronto, Vancouver, Edmonton and Winnipeg, radio stations across Canada and a suite of digital properties. Corus' assets include total viewer reach of more than 32 million across all of our screens. With annual revenue in excess of $1 billion we have tremendous scale to deliver innovative solutions to our advertising partners. Not only do we create compelling content but we use it to take viewers to new heights across all platforms. On November 30th 2012 Corus Entertainment Inc.'s owned portfolio of specialty television services has been rebranded under the global content powerhouse Viacom Inc. Bringing together Viacom's MTV Networks with world-class properties such as Nickelodeon, Comedy Central and BET creates a world of possibilities for Canadian consumers using new generation technology such as tablets and smartphones. Corus Entertainment Inc. is based in Toronto, Canada.
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