TORONTO 鈥� Corus Entertainment Inc. reported its first-quarter profit fell compared with a year ago as its revenue dropped 12 per cent.
The television and radio broadcaster says it earned a profit attributable to shareholders of $11.9 million or six cents per diluted share for the quarter ended Nov. 30.
The results compared with a profit of $32.7 million or 16 cents per diluted share in the same quarter last year.
Revenue for the quarter totalled $327.2 million, down from $369.9 million a year earlier.
Corus said the overall decrease came as television revenue fell to $303.6 million compared with $342.4 million in the same quarter last year. Radio revenue totalled $23.5 million, down from $27.5 million.
On an adjusted basis, Corus says it earned 14 cents per share in its latest quarter compared with an adjusted profit of 20 cents per share in the same quarter last year.
This report by The Canadian Press was first published Jan. 10, 2025.
Companies in this story: (TSX:CJR.B)
The Canadian Press
