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Corus Entertainment
(TSX:CJR.B)
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Rating:41Neutral
Price Target:
C$0.03
▼(-27.50% Downside)
Action:Reiterated
Date:09/15/26
The score is driven primarily by weak financial performance—ongoing net losses, negative equity, high leverage, and a shift to negative operating and free cash flow. Technicals add a modest offset with mixed momentum, but the price remains below major moving averages. Valuation is constrained by a negative P/E and no provided dividend yield.
Positive Factors
Diversified Revenue Model
Corus combines advertising with more recurring TV distribution fees and rights-based content income. This multi-channel model gives the company several monetization avenues and reduces reliance on a single revenue source, although each remains exposed to industry pressures.
Negative Factors
Persistent Revenue Contraction and Net Losses
Multi-year top-line contraction combined with a large net loss shows that Corus is not currently converting its media portfolio into sustainable earnings. Continued revenue erosion can weaken scale, reduce investment capacity, and make a durable turnaround more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Revenue Model
Corus combines advertising with more recurring TV distribution fees and rights-based content income. This multi-channel model gives the company several monetization avenues and reduces reliance on a single revenue source, although each remains exposed to industry pressures.
Read all positive factors
Corus Entertainment (CJR.B) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.98M
Dividend Yield12.16%
Average Volume (3M)141.75K
Price to Earnings (P/E)―
Beta (1Y)0.35
Revenue Growth-15.93%
EPS Growth-329.69%
CountryCA
Employees2,170
SectorCommunication Services
Sector Strength97
IndustryBroadcasting
Share Statistics
EPS (TTM)-1.66
Shares Outstanding196,083,280
10 Day Avg. Volume140,600
30 Day Avg. Volume141,753
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.03
Price to Sales (P/S)0.02
P/FCF Ratio-0.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$0.01Price Target Upside-75.00% Downside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)-0.2
Revenue Forecast (FY)C$874.23M
Corus Entertainment Business Overview & Revenue Model
Company Description
Corus Entertainment Inc., established in 1998 and based in Toronto, Canada, is a diversified media and content enterprise with operations spanning Canada and international markets. The company's activities are organized into two primary divisions:...
How the Company Makes Money
Corus primarily makes money through a mix of (1) advertising revenue and (2) subscriber-related distribution revenue tied to its TV networks, supplemented by (3) content production and licensing.
1) Advertising revenue: Corus sells advertising a...
Corus Entertainment Earnings Call Summary
Earnings Call Date:Jun 26, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Oct 23, 2026
Earnings Call Sentiment Neutral
The earnings call reflected a mixed performance with significant achievements in digital growth and cost management, but faced considerable challenges in revenue and advertising market pressures. While there were strategic initiatives and successes in specific areas, the financial and market challenges present a cautious outlook.Positive Updates
Global TV Performance
Global TV was #1 in core prime time for fall 2024 and spring 2025 in the adults 18-plus demo. Global News viewing is up 4% year-over-year in spring 2025 and 6% for the year-to-date.
Negative Updates
Decline in Consolidated Revenue
Consolidated revenue decreased to $298 million, a 10% decrease from the prior year, mainly due to a 15% decline in TV advertising revenue.
Read all updates
Q3-2025 Updates
Positive
Negative
Global TV Performance
Global TV was #1 in core prime time for fall 2024 and spring 2025 in the adults 18-plus demo. Global News viewing is up 4% year-over-year in spring 2025 and 6% for the year-to-date.
Read all positive updates
Company Guidance
During the Corus Entertainment Q3 2025 Analyst and Investor Conference Call, CEO John Gossling provided several key metrics and updates about the company's performance and strategic initiatives. Despite challenging advertising conditions, the company reported consolidated revenue of $298 million, a 10% decrease from the prior year, and a consolidated segment profit of $62 million. TV segment revenue was $275 million, down 11%, while radio segment revenue was $23 million, showing a slight 1% decrease. The company achieved total general and administrative expense reductions of $10 million or 9%, and TV employee costs decreased by 10%. The company also had a free cash flow of negative $33 million, primarily due to lower segment profit and higher restructuring costs. Corus' streaming portfolio saw a year-over-year increase in average streamed hours by 7% during the winter-spring season. The company also announced significant content and programming updates, including the launch of new shows and returning hits for the upcoming broadcast year, reaching over 31 million Canadians monthly. Looking ahead, Corus expects a year-over-year decline in TV advertising revenue for Q4 of fiscal 2025 to be around 20% and continues to implement cost reduction initiatives to offset lower expected revenues.Corus Entertainment Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
14
Very Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 979.20M | 1.13B | 1.27B | 1.51B | 1.60B | 1.54B |
| Gross Profit | 370.65M | 500.63M | 740.50M | 839.33M | 971.36M | 1.00B |
| EBITDA | 304.71M | 374.06M | -236.59M | 401.30M | 655.86M | 1.03B |
| Net Income | -330.78M | -328.40M | -772.64M | -428.72M | -232.24M | 172.55M |
Balance Sheet | ||||||
| Total Assets | 1.23B | 1.27B | 1.49B | 2.75B | 3.50B | 3.86B |
| Cash, Cash Equivalents and Short-Term Investments | 56.81M | 59.55M | 82.42M | 56.16M | 54.91M | 43.69M |
| Total Debt | 1.16B | 1.20B | 1.17B | 1.22B | 1.40B | 1.49B |
| Total Liabilities | 1.95B | 1.93B | 1.83B | 2.29B | 2.60B | 2.64B |
| Stockholders Equity | -757.60M | -706.56M | -465.40M | 317.75M | 752.04M | 1.07B |
Cash Flow | ||||||
| Free Cash Flow | -69.98M | -31.58M | 111.53M | 106.03M | 194.62M | 244.65M |
| Operating Cash Flow | -53.64M | -14.91M | 130.66M | 122.67M | 216.84M | 274.49M |
| Investing Cash Flow | -17.60M | -8.24M | -29.55M | 125.27M | 25.17M | -29.53M |
| Financing Cash Flow | 46.18M | 288.00K | -73.64M | -246.69M | -230.78M | -247.18M |
Corus Entertainment Technical Analysis
Negative
0.04
Price Trends
0.04
Negative
0.03
Negative
0.03
Negative
Market Momentum
>-0.01
Positive
40.17
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CJR.B, the sentiment is Negative. The current price of 0.04 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and above the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.17 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CJR.B.
Corus Entertainment Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | C$104.13M | 2.11 | 14.13% | 1.51% | 8.77% | ― | |
67 Neutral | C$155.89M | 9.54 | 40.00% | 7.49% | -7.62% | 22.65% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | C$783.76M | -60.03 | 14.84% | 5.27% | -1.88% | 72.81% | |
41 Neutral | C$5.98M | -0.02 | 45.72% | 12.16% | -15.93% | -329.69% |
* Communication Services Sector Average
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Corus Entertainment Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Corus Extends Credit Facility Waiver Amid Recapitalization Efforts
Positive
Aug 31, 2026
Corus Entertainment has secured a third amendment to its waiver and standstill agreement with lenders under its Eighth Amended and Restated Credit Facility, extending the waiver term from September 1, 2026 to October 31, 2026. The extension is lin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.