Corus Entertainment has reported a 10% revenue decline in Q3, with quarterly revenue of $297.8 million, down from $331.8 million last year.

The company posted a quarterly net loss of $7.3 million ($0.04 per share) and a year-to-date loss of $51.3 million ($0.26 per share).

Breaking down the revenue, TV contributed $274.5 million, down from $308.2 million, while radio revenue slipped to $23.3 million from $23.6 million. Ad revenue also declined, with TV ads falling 15% to $150.9 million and radio ads down 1% to $23.2 million

A bright spot in the financial report was a 7% year-over-year increase in total monthly hours streamed on Stack TV and the Global TV app during the winter/spring season.

“Our third quarter results reflect progress on our plan to reduce the cost base of our business,” said CEO John Gossling, who recently assumed the role of CEO after a year as Co-CEO alongside Troy Reeb. “Television advertising revenue was consistent with our Q3 outlook, with impressive audience performance on Global and our largest specialty brands offset by a challenging industry landscape.”

Looking ahead, Gossling said they have “secured a stellar line-up of new shows and returning hit programming for the upcoming broadcast season.”

The 2025/26 lineup features seven new primetime acquisitions and popular returning series. This fall, Global TV’s primetime schedule will include 16.5 hours of programming, including new shows like DMV, CIA and Sheriff Country, as well as returning hits like Ghosts, Survivor, NCIS, 9-1-1 and FBI.

Corus’ Specialty portfolio and streaming platforms will feature content from NBCUniversal, including Peacock and Sky originals like The Paper and The Copenhagen Test. Reality and unscripted channels will air returning shows like Top Chef Canada and new series like Life is Messy and WWII with Tom Hanks.