Corus Entertainment notched a deeper loss in its latest quarter as revenue slumped across its core operations and it continued to see pressure on television advertising demand.
The Canadian media and content company recorded a loss of 36.5 million Canadian dollars (US$25.7 million), or C$0.18 a share, for its third fiscal quarter, versus a year-earlier loss of C$7.3 million, or C$0.04.
On an adjusted basis, the per-share loss came in at C$0.15, much wider than the C$0.04 analysts polled by FactSet had forecast.
Revenue fell 16% to C$249.4 million for the three months to May 31, from C$297.8 million last year.
Revenue from Corus's television segment was down 16% at C$229.5 million and radio revenue declined 15% to C$19.9 million.
Corus operates 25 specialty television services, 36 radio stations, 15 conventional television stations, digital and streaming platforms, and social digital agency and media services.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
June 26, 2026 07:00 ET (11:00 GMT)
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