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. APIs provide real-time access to earnings call transcripts and financial data. Visit to learn more.

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. With the written consultation period closing late yesterday, we do not yet have any indication of timing to close, but we'll provide an update as more information becomes available. In the meantime, our focus remains on positioning Chorus for success in our upcoming broadcast season. A few weeks ago, we hosted our annual Upfront which showcased another lineup of very strong programming for the 2026-2027 broadcast year and highlighted the momentum and new opportunities in our business for our clients and partners.

And I'll take you through some of that now over to Slide 5. Looking back to the 2526 season, Global has delivered success on multiple fronts this year, driven by audience momentum, schedule depth, and the continued strength of Global News. Our balanced mix of established hits and compelling new programming supported strong primetime performance and reinforced Global's value to advertisers across both linear and streaming platforms. We're especially pleased to head into the upcoming fall season from this position of great strength.

Global's exciting schedule is anchored by proven franchises with broad audience appeal and we've secured 16 and a half hours of primetime simulcast for global programming this fall. Audience hits include powerhouse performers like the number one program in Canada, Survivor, the number one drama 911, and the number one new spring series CIA, alongside a robust lineup that has more top 20 shows than any other Canadian broadcaster. Fan Favorite and Global original Private Eyes West Coast is also returning next season with a fresh new perspective on a proven franchise.

Our lineup also built on one of television's most enduring brands, NCIS, and we'll see the return of NCIS, NCIS Origins, and NCIS Sydney while expanding the franchise with all new NCIS in New York. We will also have highly anticipated new series in our fall slate built around big talent, both storytelling and broad audience appeal. With the arrival of Cupertino from the creators of the Good Wife and the Good Fight and Eternally Yours from the creators of hit comedy Ghosts. Finally, I'm thrilled to share that Global News is the number one morning, noon, and national newscast in Canada.