Canada's Postmedia Q3 revenue rises 8.3%
Overview
Postmedia Q3 revenue rises 8.3% yr/yr, driven by advertising and circulation growth
Operating income before depreciation and restructuring increased due to higher revenues
Net income of C$7.9 mln vs a net loss last year
Outlook
Company focuses on expanding parcel services in Western and Atlantic Canada
Result Drivers
ADVERTISING GROWTH - Advertising revenue increased by 14.5%, primarily driving overall revenue growth
CIRCULATION REVENUE - Circulation revenue rose by 9.7%, contributing significantly to total revenue
PARCEL SERVICES EXPANSION - Expansion in Western and Atlantic Canada boosted parcel revenue by 7.2%
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| C$109.16 mln |
|
Q3 Net Income |
| C$7.90 mln |
|
Q3 Adjusted Operating Income |
| C$5.32 mln |
|
Q3 Operating Income |
| C$563,000 |
|
Press Release: ID:nBw2bgxwRa
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