Earnings Call Summary | CORUS ENTERTAINMENT INC(CJREF.US) Q2 2024 Earnings Conference
Earnings Call Summary | CORUS ENTERTAINMENT INC(CJREF.US) Q2 2024 Earnings Conference
The following is a summary of the Corus Entertainment, Inc. (CJREF) Q2 2024 Earnings Call Transcript:
以下是Corus Entertainment, Inc.（CJREF）2024年第二季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Corus Entertainment's Q2 2024 consolidated revenue came in at $300 million, with a segment profit of $53 million, marking a decrease from the prior year.
The revenue decline was due to lower TV advertising and subscription revenue; however, free cash flow improved by 15% to $33 million, thanks to reduced operating expenses.
The radio sector revenue also decreased by 4% compared to last year.
The company improved its leverage to 3.62x pro forma net debt to segment profit by using the free cash flow to reduce the term loan facility.
Corus Entertainment's program amortization is projected to decrease by about $100 million this year, assisting in lowering operating expenses.
Corus Entertainment2024年第二季度的合併收入爲3億美元，分部利潤爲5,300萬美元，比上年有所下降。
收入下降是由於電視廣告和訂閱收入減少；但是，由於運營費用減少，自由現金流增長了15％，達到3,300萬美元。
與去年相比，無線電行業的收入也下降了4％。
該公司利用自由現金流減少定期貸款額度，將其槓桿率提高至預計淨負債佔分部利潤的3.62倍。
預計Corus Entertainment今年的節目攤銷額將減少約1億美元，這有助於降低運營開支。
Business Progress:
業務進展：
Following the launch of new programs, core prime time audiences surged by 143% giving Corus 10 of the top 20 shows on conventional television.
Average hours streamed on STACKTV and Global TV app witnessed a significant rise, indicating successful scaling of its streaming portfolio.
STACKTV subscription reached an all-time high, suggesting high user engagement across demographics.
Corus is restructuring its operating model to support a 'video-first' strategy and reducing costs with 'Fit for the Future' initiatives.
Corus anticipates upcoming regulatory changes, and also advocating for alterations to broadcasting obligations in Canada.
Corus Entertainment continues to invest in Global News, aiming to aggregate premium video across all platforms, employing a 'video-first' strategy.
新節目推出後，黃金時段的核心觀衆激增了143％，使Corus在傳統電視上排名前20的節目中名列第10位。
在STACKTV和Global TV應用程序上直播的平均時長大幅增加，這表明其流媒體產品組合的成功擴展。
STACKTV的訂閱量創下歷史新高，這表明不同人群的用戶參與度都很高。
Corus正在重組其運營模式，以支持 “視頻優先” 戰略，並通過 “適應未來” 計劃降低成本。
Corus預計即將發生的監管變化，並主張修改加拿大的廣播義務。
Corus Entertainment繼續投資環球新聞，旨在採用 “視頻優先” 策略，聚合所有平台的優質視頻。
More details: CORUS ENTERTAINMENT INC IR
更多詳情： 科魯斯娛樂公司IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。