TVA Group reports slight revenue growth, higher net loss in Q1 2022

MONTREAL — Quebecor Media subsidiary TVA Group yesterday announced its financial results for the first quarter of 2022, which showed its operating revenues grew slightly to $144.5 million, representing a year-over-year increase of $3.7 million compared to the first quarter of 2021. TVA Group reported an overall net loss of $13 million in Q1 2022, compared to a net loss of $4.5 million in the same quarter of the previous year. The company’s consolidated negative adjusted EBITDA was $9.7 million for the three months ended March 31, 2022, which represents an unfavourable variance of almost $11.9 million from the $2.1...