Postmedia Network Canada (PNCB) Q3 2025 earnings summary

Executive summary

• Revenue for the third quarter increased 8.3% year-over-year to $109.2 million, driven by growth in advertising, circulation, and parcel services.

• Net income for the quarter was $7.9 million, reversing a net loss of $15.9 million in the prior year period.

• Expansion of parcel services in Western and Atlantic Canada highlighted as a strategic growth initiative.

Financial highlights

• Advertising revenue rose 14.5% year-over-year in the quarter, with circulation up 9.7% and parcel revenue up 7.2%.

• Operating income before depreciation, amortization, and restructuring was $5.3 million, up $3.8 million from the prior year.

• For the nine months ended May 31, 2025, revenue increased 9.1% to $330.3 million, with net loss reduced to $32.6 million from $46.6 million.

Outlook and guidance

• Management remains focused on disciplined execution, long-term sustainability, and strengthening connections with readers and partners.

• Forward-looking statements emphasize ongoing transformation initiatives and anticipated cost savings.