Postmedia Network Canada (PNCB) Q2 2026 earnings summary

Executive summary

• Revenue for Q2 2026 was $110.0 million, down 0.8% year-over-year, with parcel and content revenue growth partially offsetting declines in advertising and circulation.

• Net income for Q2 2026 was $3.5 million, a significant improvement from a net loss of $16.0 million in the prior year period.

• Recent acquisition of accelerate360 Canada and digital transformation initiatives, including a new Montreal Gazette website, are expected to support future growth.

Financial highlights

• Q2 2026 advertising revenue fell by $4.8 million (9.6%) and circulation revenue by $2.5 million (7.2%), while parcel revenue rose by $3.5 million (25.4%) and other revenue by $3.0 million (24.9%).

• Operating income before depreciation, amortization, and restructuring for Q2 2026 was $10.7 million, up $0.9 million year-over-year.

• For the six months ended February 28, 2026, revenue increased by $0.7 million (0.3%) to $221.8 million.

• Net loss for the six months was $16.9 million, improved from a $40.5 million loss in the prior year.

Outlook and guidance

• Management anticipates continued benefits from cost management and digital transformation, with growth opportunities from recent acquisitions and new digital platforms.