Postmedia Network Canada Q1 net loss narrows
Overview
Canada newsmedia firm's Q1 revenue rose 1.5% yr/yr
Net loss for Q1 narrowed to C$20.4 mln from C$24.5 mln last year
Revenue growth driven by parcel services, offset by circulation revenue decline
Outlook
Postmedia focuses on strengthening core operations and investing in new growth areas
Result Drivers
PARCEL REVENUE - Parcel revenue increased by 27.1%, driven by investments in the distribution network, which helped during the Canada Post strike
CIRCULATION REVENUE DECLINE - Circulation revenue decreased by 6.2%, impacting overall revenue growth
COST MANAGEMENT - Increased operating expenses due to higher compensation, distribution, and production costs, partially offset by lower newsprint expenses
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue |
| C$111.88 mln |
|
Q1 EPS |
| -C$0.21 |
|
Q1 Net Income |
| -C$20.38 mln |
|
Q1 Operating Income |
| C$164,000 |
|
Press Release: ID:nBw5HCCQWa
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
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