Corus revenue increased 4% in 2022 but decreased 6% this past quarter

TORONTO – Corus Entertainment announced today its consolidated revenue decreased 6% to $339.6 million in the fourth quarter of 2022 compared to the same quarter last year and increased 4% to $1.6 billion for the full year. The company, which released its Q4 2022 and full year 2022 financial results earlier today, saw consolidated segment profit drop by 45% and 15% respectively compared to the same periods in 2021. For television, revenue decreased 6% year-over-year in Q4 2022 to $314.2 million. For the full year, it increased 3% to $1.5 billion. Television advertising was reported to have decreased 14% to...