Radio / Television News

Corus’ Q3 revenue grew 8%

TORONTO — Corus Entertainment’s consolidated revenue increased 8% year-over-year to $433.5 million in the third quarter of 2022 compared to the same quarter of 2021, the company reported today. The company’s consolidated segment profit, however, decreased 5% to $123.7 million for the three months ended May 31, 2022, from a consolidated profit of $130.7 million reported for the same three-month period in 2021. Looking at Corus’ television and radio segments separately, its TV business saw revenue increase 6% to $404.1 million in Q3 2022 compared to the same quarter of 2021, and its radio segment enjoyed 27% growth in revenue...