Canada’s Postmedia Network reports higher Q4 revenue boosted by advertising

Reuters
11/21
Canada’s Postmedia Network reports higher Q4 revenue boosted by advertising

Overview

  • Postmedia Q4 revenue rises 8.7% yr/yr, driven by advertising and parcel services growth

  • Operating income for Q4 declines due to higher operating expenses

  • Net loss for Q4 widens, impacted by impairment and restructuring expenses

Outlook

  • Company focuses on building a sustainable business model for long-term viability

  • Postmedia emphasizes transformation amid digital disruptions from AI advancements

Result Drivers

  • ADVERTISING REVENUE - Co attributes Q4 revenue growth to a C$3.2 mln increase in advertising revenue

  • PARCEL SERVICES - Parcel revenue rose by C$3.6 mln, contributing significantly to overall revenue growth

  • DIGITAL DISRUPTIONS - Google's AI rollout accelerated disruptions in digital audience, highlighting need for transformation

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

C$101.22 mln

Q4 Net Income

-C$44.69 mln

Q4 Operating Income

-C$33.78 mln

Press Release: ID:nBw1YKPPDa

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.)

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