Corus Entertainment reports Q1 profit and revenue down from year ago

Advertisement

Advertise with us

TORONTO - Corus Entertainment Inc. reported its first-quarter profit fell compared with a year ago as its revenue also moved lower.

Read this article for free:

or

Already have an account? Log in here »

To continue reading, please subscribe:

Monthly Digital Subscription

$19 $0 for the first 4 weeks*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles

*No charge for four weeks then billed as $19 plus GST every four weeks. Offer only available to new and qualified returning subscribers. Cancel any time.

Hey there, time traveller!
This article was published 12/01/2023 (712 days ago), so information in it may no longer be current.

TORONTO – Corus Entertainment Inc. reported its first-quarter profit fell compared with a year ago as its revenue also moved lower.

The television and radio company says it earned $31.4 million in net income attributable to shareholders or 16 cents per diluted share for the three months ended Nov. 30.

The result compared with a profit of $76.2 million or 36 cents per diluted share in the same quarter a year earlier.

Revenue totalled $431.2 million, down from $463.9 million a year earlier.

The decline in revenue came as Corus reported its television revenue fell to $401.5 million compared with $434.7 million.

Radio revenue was $29.7 million, up from $29.1 million a year earlier.

This report by The Canadian Press was first published Jan. 13, 2023.

Companies in this story: (TSX:CJR.B)

Report Error Submit a Tip