TVA announces ad increases with Q2 results

MONTREAL – TVA Group Inc. announced yesterday its second quarter results, which show a year-over-year operating revenue increase of $55.6 million to $159.4 million. The company also reported a consolidated adjusted EBITDA of just under $14 million, which is a $6.6 million “favourable variance from the same quarter of 2020,” according to a company press release. TVA’s broadcasting segment reported $6.6 million in adjusted EBITDA, a $3.1 million “favourable variance due to the increased in adjusted EBITDA at TVA Network, which posted growth in its advertising revenues, partially offset by higher negative adjusted EBITDA at “TVA Sports” due to the...