Corus Entertainment (TSE:CJR.B) has released an update.
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Corus Entertainment reported a significant downturn in its fiscal 2024 third quarter results, with a 16% decrease in consolidated revenue and a 30% drop in segment profit for the quarter. The net loss attributable to shareholders was substantial, at $769.9 million, primarily due to non-cash impairment charges. Despite the downturn, the company generated $18.4 million in free cash flow for the quarter and is implementing strategic initiatives to improve profitability.
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