The Southern Ontario/WNY Radio-TV Forum / A Corus Of Boos: Revenue Down Again, Stock Now Worth 6 Cents A Share

**Posted by RadioActive** January 10, 2025 10:28 am

Is it possible things could get worse for Corus? The company released its first quarter results on Friday and the news is pretty dire.

Revenues were down 12 percent and its stock is now worth just 6 cents a share.

"Corus said the overall decrease came as television revenue fell to $303.6 million compared with $342.4 million in the same quarter last year. Radio revenue totalled $23.5 million, down from $27.5 million."

Corus Entertainment reports Q1 profit and revenue down from year ago

**Posted by DX** January 10, 2025 11:42 am

Not sure where you are getting the stock being worth 6 cents a share from.

It's been trading in the range of 10 to 11 cents all week, though the price is so low that it now fluctuates by fractions of a cent.

It did briefly sink to 7.5 cents on Dec. 30.

https://www.theglobeandmail.com/investing/markets/stocks/CJR-B-T/

Last edited by DX (January 10, 2025 11:42 am)

**Posted by RadioActive** January 10, 2025 11:49 am

From the article:

"The television and radio broadcaster says it earned a profit attributable to shareholders of $11.9 million or six cents per diluted share for the quarter ended Nov. 30."