Latest news with #CJREF
Business Insider
28-06-2025
- Business
- Business Insider
TD Securities Remains a Sell on Corus Entertainment (CJREF)
In a report released today, from TD Securities maintained a Sell rating on Corus Entertainment (CJREF – Research Report), with a price target of C$0.05. The company's shares closed last Friday at $0.07. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter In addition to TD Securities, Corus Entertainment also received a Sell from Canaccord Genuity's Aravinda Galappatthige in a report issued today. However, yesterday, BMO Capital maintained a Hold rating on Corus Entertainment (Other OTC: CJREF). CJREF market cap is currently $16.09M and has a P/E ratio of -0.02.
Yahoo
27-06-2025
- Business
- Yahoo
Corus Entertainment Inc (CJREF) Q3 2025 Earnings Call Highlights: Navigating Revenue Declines ...
Consolidated Revenue: $298 million, a 10% decrease from the prior year. Consolidated Segment Profit: $62 million, reflecting lower revenue but offset by cost control measures. Consolidated Segment Profit Margin: 21%, up from 20% last year. Free Cash Flow: Negative $33 million, impacted by lower segment profit and higher restructuring costs. Net Debt to Segment Profit: 5.7 times, compared to 3.84 times at the end of August 2024. TV Segment Revenue: $275 million, down 11%. TV Advertising Revenue: Declined 15% in Q3. Subscriber Revenue: $111 million, down 5%. TV Segment Profit Margin: 23%, up from 22% in the prior year period. Radio Segment Revenue: $23 million, 1% lower than the prior year. Radio Segment Profit: $5.1 million, with a profit margin doubling to 22% from 11% in the prior year period. Warning! GuruFocus has detected 7 Warning Signs with CJREF. Release Date: June 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Corus Entertainment Inc (CJREF) successfully amended and extended its credit facility, improving terms and positioning for sustainability. The company achieved significant cost reductions, including a 30% headcount reduction since August 2022, enhancing operational efficiency. Global TV, a part of Corus, remains one of Canada's most trusted networks, with a 4% increase in viewership year-over-year. Corus launched two rebranded specialty lifestyle networks, Home and Flavour, which are performing well in terms of audience engagement. The streaming portfolio, including STACKTV, had its strongest winter-spring season ever, with a 7% increase in streaming hours year-over-year. The advertising environment remains challenging due to economic uncertainty and oversupply of digital inventory, impacting revenue visibility. Consolidated revenue decreased by 10% year-over-year, driven by declines in TV advertising and subscription revenue. Free cash flow was negative $33 million in the quarter, reflecting lower segment profit and higher restructuring costs. Net debt to segment profit increased to 5.7 times, up from 3.84 times at the end of August 2024, due to lower segment profit. The company anticipates a 20% year-over-year decline in television advertising revenue for Q4 of fiscal 2025. Q: Can you elaborate on the better-than-expected TV profit and the moving pieces on TV costs? A: John Gossling, Co-CEO and CFO, explained that the positive variance was due to being under on programming costs compared to the outlook, a $5 million benefit from a tax credit true-up in film investment amortization, and a $6 million pickup related to digital initiatives. Q: How did the free preview for Home and Flavour channels perform, and what is the status of their carriage across major distributors? A: John Gossling stated that the free preview was successful, with strong ratings and subscriber results. The free preview period has ended, unlike competitor channels that remain in perpetual free preview. Q: What are your expectations from the CRTC hearings, and when do you anticipate decisions to be made? A: Jennifer Lee, Chief Administrative Officer and Chief Legal Officer, mentioned that they are seeking smarter rules and fair competition. The CRTC aims to renew licenses effective for fiscal 2027, with decisions expected by the end of the calendar year or in fiscal 2026. Q: Is stability now the goal for TV margins, and how are you planning for fiscal 2026? A: John Gossling indicated that the goal is to keep margins stable, though challenging due to the advertising environment. They aim to manage content costs better, with a focus on stabilizing margins despite revenue pressures. Q: How do you view the TV ad market, considering linear pressure, premium video inventory oversupply, and macroeconomic factors? A: John Gossling noted that the market is tough, with every category down except travel and election spending. The pressure is due to economic, supply chain, and geopolitical factors, along with shifts to other platforms. Q: Can you clarify the $6 million reduction in digital initiatives? Is it a sustained reduction or a one-off item? A: John Gossling clarified that it relates to platform costs rather than a slowdown in marketing or product development. It will help going forward, though not to the same extent each quarter. Q: Is the advertising market weakness specific to Corus, or is it industry-wide? A: John Gossling acknowledged that Corus's reliance on linear puts them in a tougher spot, with digital products also feeling pressure. The market is competitive, and sports programming has been a significant factor. Q: What is your regulatory strategy, and are you advocating for significant changes? A: Jennifer Lee emphasized advocating for smarter rules and fair competition. John Gossling added that they are participating constructively with regulators, though some issues like digital services tax and advertising deductibility require broader industry efforts. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
27-06-2025
- Business
- Yahoo
Corus Entertainment Inc (CJREF) Q3 2025 Earnings Call Highlights: Navigating Revenue Declines ...
Consolidated Revenue: $298 million, a 10% decrease from the prior year. Consolidated Segment Profit: $62 million, reflecting lower revenue but offset by cost control measures. Consolidated Segment Profit Margin: 21%, up from 20% last year. Free Cash Flow: Negative $33 million, impacted by lower segment profit and higher restructuring costs. Net Debt to Segment Profit: 5.7 times, compared to 3.84 times at the end of August 2024. TV Segment Revenue: $275 million, down 11%. TV Advertising Revenue: Declined 15% in Q3. Subscriber Revenue: $111 million, down 5%. TV Segment Profit Margin: 23%, up from 22% in the prior year period. Radio Segment Revenue: $23 million, 1% lower than the prior year. Radio Segment Profit: $5.1 million, with a profit margin doubling to 22% from 11% in the prior year period. Warning! GuruFocus has detected 7 Warning Signs with CJREF. Release Date: June 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Corus Entertainment Inc (CJREF) successfully amended and extended its credit facility, improving terms and positioning for sustainability. The company achieved significant cost reductions, including a 30% headcount reduction since August 2022, enhancing operational efficiency. Global TV, a part of Corus, remains one of Canada's most trusted networks, with a 4% increase in viewership year-over-year. Corus launched two rebranded specialty lifestyle networks, Home and Flavour, which are performing well in terms of audience engagement. The streaming portfolio, including STACKTV, had its strongest winter-spring season ever, with a 7% increase in streaming hours year-over-year. The advertising environment remains challenging due to economic uncertainty and oversupply of digital inventory, impacting revenue visibility. Consolidated revenue decreased by 10% year-over-year, driven by declines in TV advertising and subscription revenue. Free cash flow was negative $33 million in the quarter, reflecting lower segment profit and higher restructuring costs. Net debt to segment profit increased to 5.7 times, up from 3.84 times at the end of August 2024, due to lower segment profit. The company anticipates a 20% year-over-year decline in television advertising revenue for Q4 of fiscal 2025. Q: Can you elaborate on the better-than-expected TV profit and the moving pieces on TV costs? A: John Gossling, Co-CEO and CFO, explained that the positive variance was due to being under on programming costs compared to the outlook, a $5 million benefit from a tax credit true-up in film investment amortization, and a $6 million pickup related to digital initiatives. Q: How did the free preview for Home and Flavour channels perform, and what is the status of their carriage across major distributors? A: John Gossling stated that the free preview was successful, with strong ratings and subscriber results. The free preview period has ended, unlike competitor channels that remain in perpetual free preview. Q: What are your expectations from the CRTC hearings, and when do you anticipate decisions to be made? A: Jennifer Lee, Chief Administrative Officer and Chief Legal Officer, mentioned that they are seeking smarter rules and fair competition. The CRTC aims to renew licenses effective for fiscal 2027, with decisions expected by the end of the calendar year or in fiscal 2026. Q: Is stability now the goal for TV margins, and how are you planning for fiscal 2026? A: John Gossling indicated that the goal is to keep margins stable, though challenging due to the advertising environment. They aim to manage content costs better, with a focus on stabilizing margins despite revenue pressures. Q: How do you view the TV ad market, considering linear pressure, premium video inventory oversupply, and macroeconomic factors? A: John Gossling noted that the market is tough, with every category down except travel and election spending. The pressure is due to economic, supply chain, and geopolitical factors, along with shifts to other platforms. Q: Can you clarify the $6 million reduction in digital initiatives? Is it a sustained reduction or a one-off item? A: John Gossling clarified that it relates to platform costs rather than a slowdown in marketing or product development. It will help going forward, though not to the same extent each quarter. Q: Is the advertising market weakness specific to Corus, or is it industry-wide? A: John Gossling acknowledged that Corus's reliance on linear puts them in a tougher spot, with digital products also feeling pressure. The market is competitive, and sports programming has been a significant factor. Q: What is your regulatory strategy, and are you advocating for significant changes? A: Jennifer Lee emphasized advocating for smarter rules and fair competition. John Gossling added that they are participating constructively with regulators, though some issues like digital services tax and advertising deductibility require broader industry efforts. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
27-06-2025
- Business
- Yahoo
Acuity Inc (AYI) Q3 2025 Earnings Call Highlights: Robust Growth and Strategic Advancements
Net Sales: $1.2 billion, up 22% from the prior year. Adjusted Operating Profit: $222 million, an increase of 33% from last year. Adjusted Operating Profit Margin: 18.8%, up 150 basis points from the prior year. Adjusted Diluted Earnings Per Share: $5.12, up 23% over the prior year. ABL Sales: $923 million, a 3% increase from the prior year. ABL Adjusted Operating Profit Margin: 18.8%, up 80 basis points compared to the prior year. Acuity Intelligent Spaces Sales: $264 million, with Atrius and Distech combined growing 21%. Intelligent Spaces Adjusted Operating Profit Margin: 23.6%. Cash Flow from Operations: Approximately $400 million fiscal year-to-date. Share Repurchase: Approximately 344,000 shares repurchased for around $90 million. Dividend Increase: 13% increase in dividend. Warning! GuruFocus has detected 7 Warning Signs with CJREF. Release Date: June 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Acuity Inc (NYSE:AYI) reported strong financial performance in the third quarter of fiscal 2025, with net sales increasing by 22% year-over-year to $1.2 billion. The company expanded its adjusted operating profit margin by 150 basis points to 18.8%, driven by improvements in both business segments. Acuity Inc (NYSE:AYI) successfully managed its supply chain to mitigate the impact of evolving tariff policies, resulting in accelerated orders and backlog growth. The electronics portfolio saw significant product rollouts, including the SensorSwitch AIR and Animate Controller by nLight, enhancing market competitiveness. Acuity Inc (NYSE:AYI) demonstrated strong cash flow generation and effective capital allocation, including share repurchases and dividend increases. The company faced challenges from evolving tariff policies, which required strategic pricing actions and could impact future margins. There was evidence of order acceleration in the third quarter, which may lead to a normalization of performance in the fourth quarter. Acuity Inc (NYSE:AYI) incurred a $30 million special charge related to productivity efforts, including brand elimination and facility reorganization. The ProAudio segment within QSC is heavily impacted by tariffs, affecting its financial performance. The horticulture vertical is performing slower than expected, impacting growth in that segment. Q: Can you explain the significant improvement in QSC's margins this quarter? A: Karen Holcom, CFO, explained that the improvement in QSC's margins was due to strong top-line growth and the adoption of Acuity's productivity tools. The integration of QSC has been successful, with their performance aligning with Acuity's strategic and cultural goals. The margin improvement was driven by better, smarter, faster productivity tools and mitigating additional expenses. Q: How did the accelerated orders in Q3 impact your expectations for Q4 and beyond? A: Neil Ashe, CEO, noted that there was some order acceleration in Q3, which positively impacted results. The expectation is that the combination of Q3 and Q4 will yield the anticipated results for the second half of fiscal 2025. The company plans to be conservative in its future planning to ensure stable outcomes. Q: What factors contributed to the strong gross margin of 50% this quarter? A: Neil Ashe highlighted that the strong gross margin was due to top-line growth in ABL, improvements in product vitality, service, technology, and productivity, as well as the increased contribution from intelligent spaces. The tariff impact was minimal in Q3, but it is expected to affect margins in the near term. Q: How are you managing the impact of tariffs on your business? A: Neil Ashe stated that Acuity has taken dynamic actions to manage the impact of tariffs, including supply chain changes and pricing actions to cover the dollar impact. The company is confident in its ability to handle these changes, although there will be some margin impact moving forward. Q: Can you provide an update on the progress of entering new verticals in the ABL market? A: Neil Ashe discussed the strategic entry into new verticals such as refuel, healthcare, and sports lighting. The company has seen strong traction in these areas, particularly with the introduction of new product portfolios and strategic acquisitions, which are expected to contribute positively to future growth. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-06-2025
- Business
- Yahoo
Corus: Fiscal Q3 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — Corus Entertainment Inc. (CJREF) on Thursday reported a loss of $5.2 million in its fiscal third quarter. On a per-share basis, the Toronto-based company said it had a loss of 3 cents. Earnings, adjusted for restructuring costs and non-recurring costs, were 4 cents per share. The media company posted revenue of $211.7 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on CJREF at
