Canada's Corus Entertainment beats Q3 adjusted profit estimates, plans more cost cuts

Corus Entertainment

26/06/2025 11:21

Overview

Corus fiscal Q3 revenue falls 10% yr/yr, missing analyst expectations, per LSEG data

Adjusted net income beat analyst estimates, loss per share smaller than expected, per LSEG data

Company focuses on cost reduction and strong programming lineup for growth

Outlook

Company expects Q4 TV ad revenue to decline by 20%

Corus anticipates flat amortization of TV program rights in Q4

Company plans cost reductions, expecting admin expenses to drop 10-15%

Corus sees ongoing industry headwinds affecting linear advertising demand

Result Drivers

TELEVISION ADVERTISING - Revenue fell 15% due to challenging industry landscape despite strong audience performance, per CEO John Gossling

COST REDUCTION - Company focused on reducing costs and improving efficiencies through right-sizing initiatives

PROGRAMMING LINEUP - Secured new shows and returning hits for upcoming broadcast season to drive growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
In-line
C$297.80 mln
C$297.90 mln (5 Analysts)
Q3 EPS
Beat
-C$0.04
-C$0.05 (5 Analysts)
Q3 Adjusted Net Income
Beat
C$12.65 mln
-C$3 mln (1 Analyst)
Q3 Free Cash Flow
-C$32.53 mln


Analyst Coverage

The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and 4 "sell" or "strong sell"

The average consensus recommendation for the broadcasting peer group is "hold."

Wall Street's median 12-month price target for Corus Entertainment Inc is C$0.08, about 46.7% below its last closing price of C$0.11

Press Release: ID:nCNWbfq6la

(This story was created using Reuters automation and AI capabilities based on LSEG and company data. The headline and summary were reviewed by a Reuters journalist prior to publication.)