Corus Entertainment released its Q2 2025 results this morning, reporting a loss of US$39 million (CAD$55.9 million) for the quarter. 

Revenue came in at US$194.6 million (CAD$270.3 million), down from US$215.7 million (CAD$299.5 million) in Q2 2024. But there was a much steeper 67% decline in consolidated segment profit.

Navigating rough economic headwinds, the Toronto-based media company embarked on a cost-cutting mission last year and also updated its revolving credit facility to US$53.8 million (CAD$75 million) last month. Both efforts are part of the company’s pursuit of “further right-sizing initiatives and targeted growth opportunities to create a more sustainable future,” said co-CEO and CFO John Gossling. 

In one Q2 bright spot, Corus did achieve 18% year-over-year growth in the total monthly hours streamed across its platforms—which include STACKTV and two-year-old FAST service Pluto TV.

Looking ahead to Q3, the company is expecting a mid-teen percentage drop in TV ad revenue year-over-year. But it’s also anticipating its general and administrative expenses to decrease between 5% and 10%.