TVA reports ad revenue growth for third straight quarter

MONTREAL – TVA Group Inc. announced today its operating revenues increased $31.2 million in the third quarter of 2021 to $150.7 million, compared to the same quarter last year. The company, which is a subsidiary of Quebecor Media, reported a consolidated adjusted EBITDA of $35.5 million, a $12.1 million favourable variance from Q3 2020. TVA’s broadcasting segment reported a consolidated adjusted EBITDA of $21.5 million, a $4.6 million favourable variance. TVA Sports reported an increase in adjusted EBITDA, which was partially offset by a decrease at TVA Network, according to a company press release. “We are pleased with the results...