Corus Entertainment Inc (TSE:CJR.B) has released an update.
Corus Entertainment Inc. reported a decrease in consolidated revenue by 13% for the quarter and 14% for the year-to-date, alongside an 11% drop in segment profit for the quarter. Despite a net loss of $9.8 million for the quarter, the company saw a net income of $22.9 million for the year-to-date and generated $32.9 million in free cash flow for the quarter. Amid an uncertain economic climate, the company is focusing on demand creation, operational efficiency, and debt reduction.
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