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Corus Entertainment (CJREF)
OTHER OTC:CJREF
Earnings Data
Report Date
Jun 25, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
-0.03Last Year’s EPS
-0.07Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 11, 2025
|% Change Since: 0.00%
|Next Earnings Date:Jun 25, 2025
Earnings Call Sentiment|Neutral
The earnings call presented both positive and negative aspects of Corus Entertainment's performance. While there were notable achievements such as the successful amendment of the credit facility, growth in Global News viewership, and the strong performance of new networks, there were significant challenges including a decline in consolidated revenue, reduced TV segment profit, and industry-wide advertising difficulties. The overall sentiment leans towards a mixed perspective with challenges offsetting some of the positive developments.Company Guidance
During the Q2 2025 earnings call for Corus Entertainment, significant guidance was provided on the company's financial strategies and market performance. The call highlighted the completion of a transaction that amended and extended Corus's credit facility, establishing improved terms such as a total debt to cash flow ratio of 9.5:1 through December 31, 2025, and the extension of the maturity date to March 20, 2027. The facility now includes access to up to $75 million of revolving credit at a fixed interest rate of 7.29%, compared to the previous floating rate. The company's debt now comprises an amended credit facility, a $75 million revolver, $500 million in senior unsecured notes due in 2028, and $250 million due in 2030. Corus also reported a notable increase in free cash flow to $46 million, a 40% increase from the previous year, despite a 10% decrease in consolidated revenue to $270 million. The company is managing a decrease in TV advertising revenue and subscriber revenue, with TV segment profit margins dropping to 9% from 21% the previous year. On the operational front, Corus's Global News saw a 12% increase in total minutes viewed, with both linear and digital platforms experiencing growth, while the specialty portfolio experienced challenges due to an oversupply of digital video inventory. The company anticipates a mid-teens percentage decline in TV advertising revenue for Q3 2025 but remains focused on cost reduction initiatives and leveraging the Buy Canadian movement to bolster advertising revenues.Amended and Extended Credit Facility
Corus Entertainment completed a transaction to amend and extend their credit facility, providing improved terms and financial flexibility. The updated credit facility includes a total debt to cash flow ratio of 9.5 times to one through December 31, 2025, an extension of the maturity date to March 20, 2027, and increased access to up to $75 million of revolving credit.
Growth in Global News Viewership
Global News has experienced a 12% growth in total minutes viewed across both broadcast and streaming platforms. Linear TV viewership increased by 11% and digital viewership by 18%, with Global National being the number one national news broadcast in Canada.
Strong Performance of New Networks
Home and Flavor Networks have become the number one and number two specialty lifestyle networks in Canada, outperforming legacy networks in terms of ratings. Almost 11 million Canadians have tuned into their programming.
Increase in Free Cash Flow
Free cash flow increased by 40% to $46 million in the quarter, exceeding expectations due to higher working capital contribution, lower net program rights, reduced cash taxes, and effective cost management.
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CJREF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CJREF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 11, 2025 | $0.08 | $0.08 | 0.00% |
| Jan 10, 2025 | $0.07 | $0.08 | +14.29% |
| Oct 25, 2024 | $0.11 | $0.10 | -9.09% |
| Jul 15, 2024 | $0.15 | $0.11 | -26.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Corus Entertainment (CJREF) report earnings?
Corus Entertainment (CJREF) is schdueled to report earning on Jun 25, 2025, TBA Not Confirmed.
What is Corus Entertainment (CJREF) earnings time?
Corus Entertainment (CJREF) earnings time is at Jun 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CJREF EPS forecast?
CJREF EPS forecast for the fiscal quarter 2025 (Q3) is -0.03.
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