Corus Entertainment reports Q1 EPS C$0.16 vs. C$0.36 last year

Reports Q1 revenue C$431.19M vs. C$463.87M last year. "While we navigate the recent macroeconomic headwinds, Corus remains steadfast in our pursuit of long-term growth for the business," said Doug Murphy, President and CEO. "Our recent launch of Pluto TV with Paramount Global redefines the FAST-channel business in Canada. We have bolstered the value proposition of STACKTV with the addition of our suite of Disney channels. Our owned content business is gearing up for a significant increase in episodic deliveries in the year ahead. Importantly, we have implemented a rigorous cost review to address recent revenue weakness while remaining focused on advancing our strategic plan and priorities."