TVA reports ad revenue increase for fourth straight quarter

MONTREAL – TVA Group Inc. announced today its fourth quarter results, which show operating revenues increased by $24.3 million to $171.9 million compared to the same quarter in 2020. TVA, which is a subsidiary of Quebecor, also reported consolidated adjusted EBITDA was $28.7 million for the quarter ended Dec. 31, a $17.4 million “unfavourable variance from the same quarter in 2020,” a press release says. The company’s broadcasting segment reported adjusted EBITDA was $20.5 million in Q4 2021, a $16.2 million unfavourable variance from the same quarter in 2020. This was due both to a decrease in the adjusted EBITDA...