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Corus Entertainment (CJR.B) investor relations material
Corus Entertainment Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary30 Oct, 2025
Executive summary
Fiscal 2025 saw continued audience momentum with strong fall programming launches and improved share in key demos, despite a challenging advertising environment and increased competition from digital platforms.
Consolidated revenue declined 14% for the quarter and 11% for the year, reflecting ongoing industry headwinds and lower-than-expected TV advertising revenue.
Net loss attributable to shareholders was $277.1 million for the quarter and $328.4 million for the year, including significant non-cash impairment charges.
Strategic focus included expanding digital offerings, cost management, and right-sizing the balance sheet, with a $125 million revolver increase to enhance liquidity.
Regulatory advocacy remains a priority, with ongoing efforts to secure fair contributions from streamers and adapt to industry changes.
Financial highlights
Q4 consolidated revenue was $232 million, down 14% year-over-year; full-year revenue was $1,127 million, down 11%.
Q4 segment profit was $26 million; full-year segment profit was $189 million, reflecting revenue declines partially offset by cost reductions.
Q4 free cash flow was negative $25.2 million; full-year free cash flow was negative $21.8 million.
Segment profit decreased 39% in Q4 and 33% for the year; consolidated segment profit margin was 11% for Q4 and 17% for the year.
Adjusted net loss attributable to shareholders was $70.9 million for Q4 and $73.5 million for the year.
Outlook and guidance
Q1 fiscal 2026 TV advertising revenue expected to decline similarly to Q4 2025.
Amortization of TV program rights projected to decrease 5–10% year-over-year in Q1.
Further G&A expense declines of 10–15% anticipated, excluding potential ILNF impact.
New platform revenue's impact on ad decline?
Leverage sustainability given current trends?
Cost savings' effectiveness on profit decline?
Streamer ILNF funding: expected timing and impact?
Path to positive FCF and balance sheet right-sizing
STACKTV subscriber retention and bundling strategy
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Next Corus Entertainment earnings date
Q1 20269 Jan, 2026
Next Corus Entertainment earnings date
Q1 20269 Jan, 2026
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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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