TV and radio broadcaster Corus Entertainment reports Q1 revenue up 10% from year ago

TORONTO - Corus Leisure Inc. reported its first-quarter revenue edged decrease in contrast with a 12 months in the past as its income grew 10 per cent.

The tv and radio broadcaster says it earned internet revenue attributable to shareholders of practically $76.2 million or 36 cents per diluted share for the quarter ended Nov. 30.

The consequence in contrast with a revenue of practically $76.7 million or 37 cents per diluted share in the identical quarter a 12 months in the past.

Income totalled practically $463.9 million, up from nearly $420.4 million in the identical quarter a 12 months earlier for the corporate behind International Tv, W Community, HGTV Canada, Meals Community Canada and different specialty tv companies, radio stations and traditional tv stations.

Corus chief government Doug Murphy says tv income within the quarter surpassed pre-pandemic ranges, helped by the power of International TV’s fall schedule and sturdy promoting demand.

Tv income grew to $434.7 million, up from $392.1 million a 12 months in the past, whereas radio income got here in at $29.1 million, up from practically $28.3 million.

This report by The Canadian Press was first revealed Jan. 13, 2022.

Firms on this story: (TSX:CJR.B)