\n| \n (in thousands of Canadian dollars) <\/p>\n<\/td>\n | \n 2026<\/strong> <\/p>\n<\/td>\n| \n 2025 <\/p>\n<\/td>\n | \n Change <\/p>\n<\/td>\n | \n 2026<\/strong> <\/p>\n<\/td>\n| \n 2025 <\/p>\n<\/td>\n | \n Change <\/p>\n<\/td>\n<\/tr>\n | \n| \n Revenue<\/strong> <\/p>\n<\/td>\n| \n 229,477<\/strong> <\/p>\n<\/td>\n| <\/td>\n | <\/td>\n | \n 686,982<\/strong> <\/p>\n<\/td>\n| <\/td>\n | <\/td>\n<\/tr>\n | \n| \n Television<\/em><\/strong> <\/p>\n<\/td>\n| \n 274,522 <\/p>\n<\/td>\n | \n (16\u00a0%) <\/p>\n<\/td>\n | \n 829,959 <\/p>\n<\/td>\n | \n (17\u00a0%) <\/p>\n<\/td>\n<\/tr>\n | \n| \n Advertising <\/p>\n<\/td>\n | \n 120,294<\/strong> <\/p>\n<\/td>\n| \n 150,933 <\/p>\n<\/td>\n | \n (20\u00a0%) <\/p>\n<\/td>\n | \n 357,963<\/strong> <\/p>\n<\/td>\n| \n 457,161 <\/p>\n<\/td>\n | \n (22\u00a0%) <\/p>\n<\/td>\n<\/tr>\n | \n| \n Subscriber <\/p>\n<\/td>\n | \n 96,461<\/strong> <\/p>\n<\/td>\n| \n 111,092 <\/p>\n<\/td>\n | \n (13\u00a0%) <\/p>\n<\/td>\n | \n 294,073<\/strong> <\/p>\n<\/td>\n| \n 338,670 <\/p>\n<\/td>\n | \n (13\u00a0%) <\/p>\n<\/td>\n<\/tr>\n | \n| \n Distribution, production and other <\/p>\n<\/td>\n | \n 12,722<\/strong> <\/p>\n<\/td>\n| \n 12,497 <\/p>\n<\/td>\n | \n 2\u00a0% <\/p>\n<\/td>\n | \n 34,946<\/strong> <\/p>\n<\/td>\n| \n 34,128 <\/p>\n<\/td>\n | \n 2\u00a0% <\/p>\n<\/td>\n<\/tr>\n | \n| \n Radio<\/em><\/strong> <\/p>\n<\/td>\n| \n 19,886<\/strong> <\/p>\n<\/td>\n| \n 23,284 <\/p>\n<\/td>\n | \n (15\u00a0%) <\/p>\n<\/td>\n | \n 60,127<\/strong> <\/p>\n<\/td>\n| \n 65,371 <\/p>\n<\/td>\n | \n (8\u00a0%) <\/p>\n<\/td>\n<\/tr>\n | \n| \n Total<\/strong> Revenue<\/strong> <\/p>\n<\/td>\n| \n 249,363<\/strong> <\/p>\n<\/td>\n| \n 297,806 <\/p>\n<\/td>\n | \n (16\u00a0%) <\/p>\n<\/td>\n | \n 747,109<\/strong> <\/p>\n<\/td>\n| \n 895,330 <\/p>\n<\/td>\n | \n (17\u00a0%) <\/p>\n<\/td>\n<\/tr>\n | \n| <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | \n| \n New<\/em> platform<\/em> revenue<\/em> percentage<\/em> (1)<\/em> <\/p>\n<\/td>\n| \n 15\u00a0%<\/strong> <\/p>\n<\/td>\n| \n 12\u00a0% <\/p>\n<\/td>\n | \n 15\u00a0%<\/strong> <\/p>\n<\/td>\n| \n 12\u00a0% <\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n \n \n\n\n| \n (1) <\/p>\n<\/td>\n | \n New platform revenue does not have a standardized meaning prescribed by IFRS. For definition and explanation, see the discussion under the Key Performance Indicators and Non-GAAP Financial Measures section of the Third Quarter 2026 Report to Shareholders. <\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n Operational Highlights<\/strong> <\/p>\nCorus unveiled a strong 2026\/27 schedule across Global and its specialty networks, including an extension of Global’s The<\/em> Morning Show <\/em>with the launch of new afternoon lifestyle program TMS2 <\/em>coming this fall. The Company also expanded its streaming portfolio with the addition of French-language platform Viv\u00e9o. In addition, Corus continued to implement cost savings initiatives. <\/p>\n\n- \n
Global<\/strong> expands<\/strong> its<\/strong> 2026\/27<\/strong> slate<\/strong> of<\/strong> top<\/strong> returning<\/strong> shows<\/strong> to<\/strong> add<\/strong> new<\/strong> high-profile<\/strong> series,<\/strong> including<\/strong> new<\/strong> Canadian<\/strong> productions. <\/strong>Global TV’s roster will deliver 16.5 hours of primetime simulcast this fall and introduces new NCIS<\/em> universe expansion NCIS:<\/em> New<\/em> York<\/em>, dramas Cupertino<\/em> and Einstein<\/em>, comedy Eternally<\/em> Yours<\/em>, and Global Original Private<\/em> Eyes<\/em> West<\/em> Coast<\/em>. The fall schedule also features the return of #1 reality series Survivor<\/em>, #1 drama 9-1-1<\/em>, and #1 new spring show CIA<\/em> alongside more Top 20 hits than any other broadcaster.(1) <\/p>\n<\/li>\n- \n
Corus announces 2026\/27 slate of Canadian Originals and acquisitions across its Specialty networks and STACKTV. <\/strong>Corus continues its content partnership with NBC Universal, delivering Peacock and Sky Original series including The<\/em> Five<\/em> Star<\/em> Weekend<\/em>, TED:<\/em> The<\/em> Animated<\/em> Series,<\/em> and Dig<\/em> alongside returning hits The<\/em> Paper<\/em>, The<\/em> Day<\/em> of<\/em> the<\/em> Jackal <\/em>and The<\/em> ‘Burbs<\/em>. Corus’ unscripted and reality networks will see the return of Top Chef Canada<\/em>, The Curse of Oak Island <\/em>and Corus Original series Rock Solid Builds, Halloween Bakeshop <\/em>and Holiday Bakeshop<\/em>, alongside new series Gordon Ramsay’s Secret Service, The Real Housewives Ultimate Girls Trip: Roaring 20<\/em>th,<\/em> and new Canadian original titles Love<\/em> It<\/em> or<\/em> List<\/em> It<\/em> West<\/em>, Top<\/em> Chef<\/em> Canada:<\/em> The<\/em> Dessert<\/em> Table<\/em> and Mountain<\/em> Men:<\/em> Wild<\/em> North.<\/em> <\/p>\n<\/li>\n- \n
Global<\/strong> extends<\/strong> The<\/em><\/strong> Morning<\/em><\/strong> Show<\/em><\/strong> with<\/strong> launch<\/strong> of<\/strong> new<\/strong> afternoon<\/strong> lifestyle<\/strong> program<\/strong> TMS2<\/em><\/strong>.<\/strong> Corus announced the #1 Canadian news\/lifestyle morning show(2), The<\/em> Morning<\/em> Show<\/em>, is expanding this fall with a new daily afternoon show, TMS2<\/em>. Hosted by award-winning entertainment news personality Morgan Hoffman, the new hour-long program will air on Global and stream exclusively on STACKTV beginning September 2026. TMS2 <\/em>will also give viewers new ways to engage through shoppable and interactive features powered by Corus’ commerce platform, NextScreen. <\/p>\n<\/li>\n- \n
Corus launches new French-language streaming platform Viv\u00e9o. <\/strong>On April 30, 2026, Corus strengthened its digital presence with the launch of Viv\u00e9o, a new French-language streaming platform containing more than 200 series and nearly 2,000 hours of content at release. Viv\u00e9o is available through Prime Video Add-on Subscriptions across Canada, offering subscribers a diverse catalogue of content at a competitive price of $4.99 per month. <\/p>\n<\/li>\n<\/ul>\n\n \n\n\n| \n (1) <\/p>\n<\/td>\n | \n Source: Numeris Personal People Meter Data, Total Canada, Spring 2026 (1\/5\/2026 to 5\/31\/2026) \u2013 confirmed data, Adults aged 25-54, Monday-Sunday 2 a.m.-2 a.m., Average Minute Audience (000), Canadian Conventional Commercial English, all stations based on ‘Total’ except for CTV Com, 3+ airings, excludes NFL Playoffs and Olympics. <\/p>\n<\/td>\n<\/tr>\n | \n| \n (2) <\/p>\n<\/td>\n | \n Source:<\/strong> Numeris Personal People Meter Data, Total Canada, Spring 2026 Season-to-date (1\/5\/2026 to 4\/19\/2026) \u2013 confirmed data until 4\/12\/2026, rank based on Adults aged 18+ Average Minute Audience (000), Canadian Conventional Commercial English, all stations based on ‘Total’ except for CTV Com, based on Canadian News\/ Lifestyle Morning Show genre, 3+ airings, Monday-Friday 6 a.m.-12 p.m. <\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\nFinancial Highlights<\/strong> <\/p>\n\n- \n
Free cash flow(1) of $6.2 million in Q3 and negative $46.1 million year-to-date compared to a negative $32.5 million and $3.3 million, respectively, in the same comparable prior year periods. The increase in free cash flow(1) for the third quarter is mainly attributable to higher cash provided by operating activities. The decrease in the year-to-date is mainly attributable to lower cash provided by operating activities and higher proceeds from sale of property in the prior year. <\/p>\n<\/li>\n - \n
Net debt to segment profit(1) was 8.20 times as at May 31, 2026, up from 6.01 times at August 31, 2025, as a result of the decrease in segment profit(1) and increase in the amount drawn under the revolving credit facility, offset by lower lease liabilities. <\/p>\n<\/li>\n - \n
As of May 31, 2026, the Company had $56.8 million of cash and cash equivalents and $15.0 million available to be drawn under its Revolving Facility. <\/p>\n<\/li>\n - \n
On March 24, 2026, Corus received an order from the Ontario Superior Court of Justice (Commercial List) to proceed with its previously announced recapitalization transaction (the “Recapitalization Transaction”), pursuant to a plan of arrangement under the Canada<\/em> Business<\/em> Corporations<\/em> Act<\/em>. The Recapitalization Transaction remains subject to, among other things, satisfaction of the terms and conditions in the support agreements with key stakeholders and the receipt of all customary and necessary regulatory approvals, including from the Canadian Radio-television and Telecommunications Commission and the Toronto Stock Exchange. <\/p>\n<\/li>\n<\/ul>\n\n \n\n\n| \n (1) Free cash flow, segment profit and net debt to segment profit do not have standardized meanings prescribed by IFRS. The Company reports on these because they are key measures used to evaluate performance. For definitions and explanations, see the discussion under the Key<\/em> Performance<\/em> Indicators<\/em> and<\/em> Non-GAAP<\/em> Financial Measures<\/em> section of the Third Quarter 2026 Report to Shareholders and\/or Management’s Discussion and Analysis in the Company’s Annual Report for the year ended August 31, 2025 (“2025 MD&A”). <\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\nCorus Entertainment Inc. reports its financial results in Canadian dollars. <\/p>\n The unaudited interim condensed consolidated financial statements and accompanying notes for the three and nine months ended May 31, 2026 and Management’s Discussion and Analysis are available on the Company’s website at www.corusent.com<\/a> in the Investor Relations section and under the Company’s SEDAR+ profile at www.sedarplus.ca<\/a>. <\/p>\nA conference call with Corus senior management is scheduled for June 26, 2026 at 8:00 a.m. ET. While this call is directed at analysts and investors, members of the media are welcome to listen in. To instantly join the conference call by phone, please use the following URL to easily register and be connected to the conference call automatically: https:\/\/emportal.ink\/43WS6Oi<\/strong><\/a> . You can also dial direct to be entered into the call by an Operator. The dial-in number for the conference call for local and international callers is 1.416.945.7677 and for North America is 1.888.699.1199. This call will be archived and available for replay in the Investor Relations section of the Corus website beginning June 26, 2026, at 11 a.m. ET or accessible by telephone until July 3, 2026, at 1.888.660.6345 (toll-free North America) or 289.819.1450 (local or international), using replay code 67283#. More information can be found on the Corus Entertainment website at www.corusent.com<\/a> in the Investor Relations section. <\/p>\n | | | | | | | | | | | | | | | | | | | | | | | | |