Q3 2026 Corus Entertainment Inc Earnings Call Transcript
Key Points
- Corus Entertainment Inc (CJREF) showcased a strong lineup for the 2026-2027 broadcast year, including popular franchises like Survivor and NCIS.
- Global News is the number one morning, noon, and national newscast in Canada, reaching over 16 million Canadians monthly.
- The company is expanding its streaming portfolio with the launch of Viveo, a new French-language streaming platform.
- Corus Entertainment Inc (CJREF) is committed to homegrown talent and original Canadian storytelling, with 11 Canadian original titles slated for release.
- The company has implemented cost containment measures, resulting in a 16% decrease in general and administrative expenses.
- Consolidated revenue decreased by 16% compared to the prior year, impacted by lower TV advertising and subscription revenues.
- TV advertising revenue declined by 20%, partly due to lower demand and the absence of election spending seen in the prior year.
- Subscriber revenue decreased by 13%, reflecting ongoing declines in the traditional linear subscription business.
- Consolidated segment profit was down 53%, with a profit margin of 12% compared to 21% last year.
- The net debt-to-segment profit ratio increased to 8.2 times, up from 6.01 times at the end of last year.
Good morning. My name is Joellen. I will be your conference operator today. At this time, I would like to welcome everyone to the Course Entertainment Q3 2026 Analyst and Investor Conference Call. All lines have been placed on mute for any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press star, then the number one on your telephone keypad. If you would like to withdraw your question, please press star two.
Thank you. As a reminder, this call is being recorded. I will now turn the call over to Mr. John Gosling, CEO of Chorus Entertainment. Mr. Gosling, you may begin your conference.
Thanks very much, Joelle, and good morning, everyone. It's certainly nice to be back in our regularly scheduled time slot at 8 a.m.
I'm John Gosling, Chief Executive Officer. Welcome to our fiscal 2026 third quarter earnings call for Chorus Entertainment. I'd like to
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