Northwire Canada EditionThursday, October 15, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
Earnings

CORUS ENTERTAINMENT ANNOUNCES FISCAL 2026 FIRST QUARTER RESULTS

By The Northwire Desk — AI Analysis Jan 14, 2026 · 06:30 CJR · 0.035 None
CJR · Price

Executive Summary

  • Corus Entertainment reported a Q1 FY 2026 net loss of C$11.1 million ($0.06 per share basic), down from a profit in the prior year.
  • Consolidated revenue fell 18% to C$267.6 million, with television advertising down 23% and subscriber revenue down 15%.
  • Free cash flow turned negative C$53.6 million, driven by lower operating cash and higher cash outflows versus the prior year.

Key Details

  • Revenue: C$267.6 M (‑18% YoY) – Television C$245.1 M (‑19%), Radio C$22.5 M (‑4%).
  • Segment Profit (Loss): Consolidated C$57.2 M (‑32% YoY); Television C$55.9 M (‑35%), Radio C$5.3 M (+38%).
  • Segment Profit Margin: Consolidated 21% (down from 26% YoY).
  • Net Loss: C$11.1 M attributable to shareholders; basic & diluted EPS = ($0.06).
  • Adjusted Net Loss: C$1.79 M; adjusted basic EPS = ($0.01).
  • Free Cash Flow: Negative C$53.6 M (‑428% YoY).
  • Cash Position: C$45.2 M cash & equivalents at quarter end; C$35.0 M available under revolving credit facility.
  • Debt: Long‑term debt C$1,139.9 M; net debt to segment profit 7.39× (up from 6.01×).
  • Credit Facility Amendment: On Oct 29 2025, amendment increased maximum revolving draw from $75 M to $125 M.
  • Recapitalization Transaction: Proposed transaction announced Nov 3 2025; board recommends shareholders vote in favor at meetings on Jan 30 2026. Expected to reduce indebtedness >$500 M and save up to $40 M annual interest.
  • Operational Highlights: New programming slate for Global, Showcase, W Network, Flavour, Home, and The HISTORY® Channel announced for Winter 2025/2026 (50+ new/returning series).

Notable Quotes

“Our first quarter results were in line with our expectations, with persistent market headwinds …” – John Gossling, CEO
“The proposed recapitalization transaction is expected to deliver substantial balance‑sheet improvements…” – John Gossling, CEO

Materiality Assessment: Material – Negative (significant decline in revenue, profit and cash flow; material recapitalization proposal).

Read the original news release →

More from None

Jun 30, 2026 · 17:00

Corus Entertainment Extends Debt Waivers as Linear TV Ad Revenue Slumps and Recapitalization Drags On

Financings Jun 26, 2026 · 06:00

Struggling Canadian broadcaster advances debt restructuring amid steep revenue and profit declines.

Earnings Jun 03, 2026 · 07:30

Corus Entertainment Expands 2026/27 Slate Amid Recapitalization Progress, But Debt Overhang and Cash Burn Persist

M&A / Property Jun 03, 2026 · 07:05

CORUS ENTERTAINMENT IS CANADA'S ENTERTAINMENT SPECIALTY PROGRAMMING LEADER Superscript 1 WITH AN UNRIVALED 2026/2027 SLATE OF CANADIAN ORIGINALS AND ACQUISTIONS ACROSS ITS NETWORKS AND STACKTV

M&A / Property Jun 02, 2026 · 09:15

Corus Entertainment Inc.

Other May 29, 2026 · 17:52

Corus Secures Short-Term Liquidity Breathing Room Amidst Distressed Recapitalization

Financings