Corus Q4 revenue misses estimates as TV ad revenue drops more than expected

Corus Entertainment

30/10/2025 10:10

Corrects revenue in Key Details table to C$232.09 mln, from C$232.09 bln

Overview

Corus fiscal Q4 revenue declined 14% yr/yr, missing analyst expectations

Adjusted EPS for fiscal Q4 missed analyst expectations

Company reported net loss due to non-cash impairment charges

Outlook

Corus expects Q1 2026 TV advertising revenue decline similar to Q4 2025

Company anticipates 5-10% decrease in TV program rights amortization in Q1 2026

Corus plans 10-15% reduction in Q1 2026 general and administrative expenses

Result Drivers

LOWER AD REVENUE - Television advertising revenues were below expectations, impacting overall revenue

COST SAVINGS - Company achieved meaningful cost savings through efficiency measures

INCREASED STREAMING - Fall TV lineup contributed to increased streaming hours across platforms

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
C$232.09 mln
C$238 mln (4 Analysts)
Q4 Adjusted EPS
Miss
-C$0.36
-C$0.11 (5 Analysts)
Q4 Adjusted Net Income
-C$70.87 mln
Q4 Free Cash Flow
-C$25.20 mln


Analyst Coverage

The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 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$0.05, about 90% below its October 29 closing price of C$0.10

Press Release: ID:nCNW2Kp9Qa

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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.)