MONTREAL – Quebecor’s broadcaster/TV producer/publisher TVA Group posted a $6.72 million net loss attributable to shareholders in the first quarter, compared to a $4.92 million loss in the same period in 2018.
Revenues, however, grew to $134.1 million for the period ended March 31, 2019, up from $133.8 million year-over-year.
"During the first quarter of 2019, we began the process of integrating the "Évasion" and "Zeste" channels into our Broadcasting & Production segment, generating an increase in adjusted EBITDA from the specialty channels and enhancing our offer of television content”, said president France Lauzière, in a statement. “We are very pleased with the two new channels' preliminary results and we are pressing ahead with integration in order to realize the full potential of the anticipated synergies from the acquisition.”
She added that TVA Group's total market share increased by 2.1 points to 38.3% in Q1 2019, and that the company’s specialty channels increased their market share by 1.8 points, due in part the Évasion and Zeste acquisition, as well as the performance of TVA Sports which gained 0.7 points. With a 4.7% market share, the LCN channel was the most‑watched specialty channel in Québec.
Click here for the full news release.
