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Bullboard - Stock Discussion Forum Corus Entertainment Inc T.CJR.B

Alternate Symbol(s):  CJREF

Corus Entertainment Inc. is a Canada-based media and content company that develops and delivers brands and content across platforms for audiences around the world. The Company's segments include Television and Radio. Its portfolio of multimedia offerings encompasses approximately 32 specialty television services, 37 radio stations, 15 conventional television stations, digital and streaming... see more

TSX:CJR.B - Post Discussion

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Post by northcoast on Apr 09, 2021 8:40am

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 $152.1 million year-to-date -- Achieved recent milestone of over 500,000 paying subscribers on streaming platforms, doubled from the prior year
Comment by Bookends on Apr 09, 2021 9:14am
89 M$ in Free Cash flow for the quarter alone... Biggest global streaming content deal ever... 100% paying streaming subcriber growth year over year, reaching over half a million households, growth in this segmentis on par with the biggest US competitors...  Continual deleveraging... Pays you a lovely 6c a quarter divi, while things improve...  This is solid all around. Chorus is just ...more  
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