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Corus Entertainment Inc. T.CJR.B

Alternate Symbol(s):  CJREF

Corus Entertainment Inc. is a Canada-based diversified, integrated media and content company that develops and delivers brands and content across platforms. The Company operates in two segments: Television and Radio. The Television segment is comprised of over 33 television networks, approximately 15 conventional television stations, digital media assets, a social digital agency, a social media creator network, technology and media services, and content business, which includes the production and distribution of films and television programs, merchandise licensing, and book publishing. The Radio segment is comprised of around 39 radio stations situated primarily in high-growth urban centres in English Canada, with a concentration in the densely populated area of Southern Ontario. The Company's primary method of distribution is over-the-air, analogue radio transmission, with additional delivery platforms including HD radio, websites, mobile applications and podcasts.


TSX:CJR.B - Post by User

Post by northcoaston Apr 09, 2021 8:40am
292 Views
Post# 32965352

Q2 brief

Q2 brief
Corus Entertainment Announces Fiscal 2021 Second Quarter Results
09 Apr 2021 06:00 ET
 
CNW Group

 

 -- Consolidated revenues declined 5% for the quarter and 8% year-to-date -- Consolidated segment profit((1)) decreased 3% for both the quarter and year-to-date -- Consolidated segment profit margin((1)) of 31% for the quarter and 37% year-to-date -- Net income attributable to shareholders of $35.3 million ($0.17 per share basic) for the quarter and $112.0 million ($0.54 per share basic) year-to-date -- Net debt to segment profit((1)) of 3.02 times at February 28, 2021, down from 3.18 times at August 31, 2020 o Significant reduction of leverage target to under 2.5 times net debt to segment profit((1)) -- Free cash flow((1)) of $89.7 million for the quarter and $152.1 million year-to-date -- Achieved recent milestone of over 500,000 paying subscribers on streaming platforms, doubled from the prior year

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