US EditionCorus Reports $277.1m Q4 Loss, Revenue Down 14 per Cent From Year Earlier
Corus Entertainment’s revenue fell 14% in Q4 due to declining advertising, while lenders negotiate a $1.1 billion debt restructuring including a $750 million bond-for-equity swap.
- Corus Entertainment Inc. reported a $277.1 million loss and a 14 per cent revenue decline for the quarter ended Aug. 31, on Thursday, citing industry headwinds.
- Slowing television advertising revenues pushed Corus to report a 39 per cent profit decline in the fourth quarter, with consolidated margins down 5 per cent annually.
- Per-Share figures show Corus posted a $1.39 loss per diluted share and a 36-cent adjusted loss per share for the quarter ended Aug. 31, compared with smaller losses last year.
- To shore up liquidity, lenders are negotiating a $1.1-billion debt restructuring and discussing exchanging $25.7 million of bonds for a majority stake, affecting control from the Shaw family.
- Market reaction shows Corus shares trade at 95 cents on the Toronto Stock Exchange with a market cap of $17.7-million, reflecting investor worry, while the company declined to comment on potential restructuring.
15 Articles
15 Articles
Lower-than-forecast TV advertising revenues have weighed on the latest results of Corus Entertainment, a trend that is expected to continue next year.
Sask Today
Corus reports $277.1M Q4 loss, revenue down 14 per cent from year earlier
TORONTO — Corus Entertainment Inc. reported a loss of $277.1 million attributable to shareholders in its latest quarter as it took a $263.6-million non-cash impairment charge and saw its revenue fall 14 per cent.
Winnipeg Free Press
Flin Flon ReminderBreaking News, Sports, Manitoba, Canada
Corus Q4, year-end results see lower ad demand mitigated by cost controls
Corus Entertainment has reported its fiscal 2025 fourth-quarter and year-end financial results, highlighted by a growth in profitability for the Radio division, despite lower advertising demand, and further revenue declines in Television. For the fourth quarter, TV advertising revenue declined by 23%, contributing to a 14% decrease in total TV segment revenue. Full-year TV revenue was down 11%. “We are all seeing a challenging advertising enviro…
Corus Entertainment Revenues Decrease 14 Percent in Q4
Corus Entertainment reported a 14 percent year-over-year loss in revenues in the fourth quarter of the 2025 fiscal year and an 11 percent loss across the entire year. The post Corus Entertainment Revenues Decrease 14 Percent in Q4 appeared first on WORLD SCREEN.
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