CJR: Reports Q3 Earnings

On Friday, Corus Entertainment (TSX: CJR ) discussed third-quarter financial results during its earnings call.

The full transcript is provided below.

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The full earnings call is available at Summary Chorus Entertainment reported a 16% decline in consolidated revenue to $249 million for Q3 2026, primarily due to lower TV advertising and subscription revenues.

The company is focusing on new programming for the 2026-2027 broadcast season, including popular franchises and original Canadian content, to strengthen its market position.

Chorus is expanding its streaming portfolio with platforms like Vivio and enhancing audience engagement through integrated advertising solutions.

The company highlighted ongoing cost reduction initiatives, resulting in a 7% decrease in direct costs and a significant reduction in general and administrative expenses.

Concerns were raised regarding the regulatory environment, with a call for fair competition rules for Canadian broadcasters in light of recent policy decisions by the CRTC.

Full Transcript OPERATOR Good morning.

My name is Joelle and I will be your conference operator today.

At this time, I would like to welcome everyone to The Chorus Entertainment Q3 2026 analyst and investor conference call.

All lines have been placed on mute to prevent any background noise.

After the speaker's remarks, there will be a question and answer session.

If you would like to ask a question during this time, simply press Star, then the number one on your telephone keypad.

If you would like to withdraw your question, please press Star.

Thank you.

As a reminder, this call is being recorded.

I will now turn the call over to Mr.

John Gosling, CEO of Chorus Entertainment.

Mr.

Gosling, you may begin your conference.

John Gosling, CEO of Chorus Entertainment Thanks very much, Joelle, and good morning everyone.

Certainly nice to be back in our regularly scheduled time slot at 8:00 am.

I'm John Gosling, Chief Executive Officer.

Welcome to our fiscal 2026 third quarter earnings call for Chorus Entertainment.

I'd like to remind everyone that we have slides that accompany today's call.

You can find them on our website at under the Investor Relations, Events and Presentations section.

I'll start off by drawing your attention to our standard cautionary statement which can be found on slide 2.

We note that forward-looking statements may be made during this call.

Actual results could differ materially from forecast projections or conclusions in these statements.

We'd also like to remind those on our call today that in addition to disclosing results in accordance with IFRS, Chorus also provides supplementary non-IFRS or non-GAAP measures as a method of evaluating the Company's performance and to provide a better understanding of how management views the company's performance.

Today we will be referring to certain non-GAAP measures in our remarks.

Additional information on these non-GAAP measures, the Company's reported results and factors and assumptions related to forward-looking information can be found in our third quarter 2026 report to shareholders and the 2025 annual report, all of which can be found on SEDAR+ or on the Investor Relations Financial Reports section of our website.

Joining me on today's call are Jennifer Lee, who is our Chief Administrative and Legal Officer, as well as Senior Finance Team members Doug Spence and Ann Duggan, all of whom are outlined on slide three.

All right, I'll start on slide four with a brief update on the recapitalization transaction which is currently making its way through the CRTC approval process.