Corus Entertainment (TSE:CJR.B) Releases Earnings Results

Corus Entertainment (TSE:CJR.B) posted its quarterly earnings results on Wednesday. The company reported C($0.01) EPS for the quarter, FiscalAI reports. The company had revenue of C$267.57 million during the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%.

Here are the key takeaways from Corus Entertainment’s conference call:

• The board-backed proposed recapitalization would cut total debt by more than CAD 500 million, save up to CAD 40 million in annual cash interest, extend maturities by five years, and already has strong preliminary support from noteholders and Class A shareholders ahead of the Jan. 30 vote.
• Q1 showed meaningful revenue pressure—TV advertising fell ~23% (to CAD 135M) and subscription revenue declined ~15%—contributing to consolidated segment profit of CAD 57M, negative free cash flow of CAD 54M, and net debt/segment profit rising to 7.39x.
• Management’s cost actions materially lowered expenses (G&A down 16%, direct costs down 11%), cutting total expenses by CAD 32M (13%) and improving radio margins, demonstrating progress on right-sizing the business to offset weaker revenue.
• Significant regulatory uncertainty remains—pending CRTC rule-making under the Online Streaming Act and a court decision on independent local news funding (ILNF) could materially affect future funding, distribution dynamics, and competitive balance.
• Audience and content momentum: Global reclaimed the No.1 primetime position post-baseball, StackTV/Global app streaming hit all-time high hours (Stack TV tuning +5%, VOD +23%), and a strong winter slate could support recovery in viewing and monetization.

Corus Entertainment Stock Down 12.5%

Shares of Corus Entertainment stock opened at C$0.04 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56. Corus Entertainment has a 12-month low of C$0.03 and a 12-month high of C$0.14. The company has a market cap of C$6.98 million, a P/E ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.68. The company’s fifty day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.07.

Analyst Upgrades and Downgrades

CJR.B has been the subject of a number of analyst reports. TD Securities lowered their price objective on Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating for the company in a research report on Tuesday, November 4th. Royal Bank Of Canada lowered their price target on shares of Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating for the company in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of C$0.08.

Corus Entertainment Company Profile

Corus Entertainment Inc is a media and content company that operates in the diversified media industry. The company has two business segments, which includes television, and radio. The television business segment has a portfolio of television channels. The radio business segment controls a number of stations that cater to both the music, news, and talk radio markets. The company generates the vast majority of its revenue in Canada.