Canadian broadcaster Corus Entertainment's Q1 revenue falls 18%

Corus Entertainment

14/01/2026 11:42

Adds "C" symbol in the third bullet of Overview to clarify the currency is Canadian dollars

Overview

Canada media company's Q1 revenue fell 18%

Segment profit decreased 32% due to market headwinds impacting revenue

Company progressing on recapitalization to cut debt by over C$500 mln

Outlook

Corus did not provide specific financial guidance for future quarters or fiscal year in press release

Result Drivers

MARKET HEADWINDS - CEO John Gossling attributed revenue and profit declines to persistent market headwinds affecting advertising and subscriber revenue

RECAPITALIZATION PROGRESS - Corus is advancing a recapitalization transaction aimed at reducing debt by over C$500 mln and saving up to C$40 mln in annual interest

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
C$267.6 mln
C$275.81 mln (2 Analysts)
Q1 Adjusted EPS
-C$0.01
Q1 Free Cash Flow
-C$53.60 mln


Analyst Coverage

The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and 3 "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 January 13 closing price of C$0.04

Press Release: ID:nCNWC7jMwa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)