Canada's Corus Entertainment Q3 revenue falls on weak TV ad demand

Corus Entertainment

26/06/2026 11:13

Overview
Canada media company's fiscal Q3 revenue fell 16% yr/yr
Segment profit dropped 53% as linear TV ad demand remained weak
Company posted net loss of C$36.5 mln and positive free cash flow of C$6.2 mln

Outlook
Corus says it remains focused on strengthening its financial foundation amid recapitalization efforts
Company expects continued pressure on linear television advertising demand

Result Drivers
WEAK TV AD DEMAND - Co said continued pressure on linear television advertising demand weighed on results
COST MANAGEMENT - Significant savings from cost management initiatives partially offset revenue decline, per CEO John Gossling

Company press release: ID:nCNW9f3d9a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
C$249.40 mln
C$247.30 mln (1 Analyst)
Q3 EPS
 
-C$0.18
 
Q3 Free Cash Flow
 
C$6.20 mln
 
     

Analyst Coverage
The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 1 "hold" and 2 "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$0.01, about 71.4% below its June 25 closing price of C$0.04

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)