Fiscal 2021 Fourth Quarter and Year End Results - Consolidated revenue increased 13% for the quarter and 2% for the year
- Consolidated segment profit1 increased 9% for the quarter and 4% for the year
- Consolidated segment profit margin1 of 28% for the quarter and 34% for the year
- Net income attributable to shareholders of $19.9 million ($0.10 per share basic) for the quarter and $172.6 million ($0.83 per share basic) for the year
- Net debt to segment profit1 of 2.76 times at August 31, 2021, down from 3.18 times at August 31, 2020
- Free cash flow1 of $35.2 million for the quarter and $251.9 million for the year
TORONTO, Oct. 22, 2021 /PRNewswire/ - Corus Entertainment Inc. (TSX: CJR.B) announced its fourth quarter and year end financial results today.
"The benefits we are seeing from the disciplined execution of our strategic plan, in concert with emerging powerful tailwinds from the economic recovery, have resulted in yet another impressive quarter of top and bottom-line growth," said Doug Murphy, President and Chief Executive Officer. "Our winning Fall schedule is already delivering a strong start to the new fiscal year. We will maintain the focus on our balanced capital allocation strategy, with free cash flow directed towards the pursuit of our leverage target while we fund our attractive dividend and invest in the incredible opportunities we see in digital video, advertising innovation and our owned content business."