Corus Leisure (TSX:CJR.B) is a Toronto-based media and content material firm that operates
specialty and traditional tv networks and radio stations in Canada and worldwide. Shares of
Corus have dropped 27% in 2022 as of late afternoon buying and selling on June 30. The inventory is down 44% from
the earlier 12 months.
The corporate launched its third quarter fiscal 2022 earnings on June 29. General, the corporate continued
to indicate enchancment since pandemic has moved into the rear-view mirror. Consolidated revenues rose
8% year-over-year to $433 million in Q3 FY2022. In the meantime, revenues rose 6% to $1.25 billion within the
year-to-date interval.
Corus Studios considerably expanded its output take care of america streaming platform Hulu. The
new settlement contains 400 episodes of content material, almost doubling the earlier output. It has additionally
partnered with Paramount World to behave as an promoting gross sales consultant for the Pluto TV
streaming service. Traders ought to be inspired by Corus’ foray into the streaming world. That stated, it
has nonetheless retained an in depth legacy tv lineup that features Survivor, CSI: Vegas, and others.
Shares of Corus at the moment possess a really beneficial price-to-earnings ratio of 4.8. It final had an RSI of 31,
which places it simply outdoors of technically oversold territory. Higher but, it provides a quarterly dividend of
$0.06 per share. That represents a tasty 6.7% yield.
Corus Leisure (TSX:CJR.B) is a Toronto-based media and content material firm that operates
specialty and traditional tv networks and radio stations in Canada and worldwide. Shares of
Corus have dropped 27% in 2022 as of late afternoon buying and selling on June 30. The inventory is down 44% from
the earlier 12 months.
The corporate launched its third quarter fiscal 2022 earnings on June 29. General, the corporate continued
to indicate enchancment since pandemic has moved into the rear-view mirror. Consolidated revenues rose
8% year-over-year to $433 million in Q3 FY2022. In the meantime, revenues rose 6% to $1.25 billion within the
year-to-date interval.
Corus Studios considerably expanded its output take care of america streaming platform Hulu. The
new settlement contains 400 episodes of content material, almost doubling the earlier output. It has additionally
partnered with Paramount World to behave as an promoting gross sales consultant for the Pluto TV
streaming service. Traders ought to be inspired by Corus’ foray into the streaming world. That stated, it
has nonetheless retained an in depth legacy tv lineup that features Survivor, CSI: Vegas, and others.
Shares of Corus at the moment possess a really beneficial price-to-earnings ratio of 4.8. It final had an RSI of 31,
which places it simply outdoors of technically oversold territory. Higher but, it provides a quarterly dividend of
$0.06 per share. That represents a tasty 6.7% yield.
