Postmedia third quarter (ending May 31) financial highlights:
– “A highlight of our third quarter was the continued expansion of Postmedia Parcel Services in Western and Atlantic Canada,” said Andrew MacLeod, Postmedia President and Chief Executive Officer.
– Revenue for the quarter was $109.2 million as compared to $100.8 million in the same period in the prior year, representing an increase of $8.4 million (8.3%). The revenue increase was primarily due to increases in advertising revenue of $6.9 million (14.5%), circulation revenue of $3.2 million (9.7%) and parcel revenue of $0.9 million.
– Excluding the impact of the Saltwire asset acquisition, advertising revenue for the quarter increased by 5.2%.
– Total operating expenses … increased $4.6 million, or 4.6%, for the quarter ended May 31, 2025, relative to the same period in the prior year. The increase relates to increases in distribution and production expense, partially offset by decreases in compensation and other operating expense.
– Net income in the quarter ended May 31, 2025 was $7.9 million, as compared to a net loss of $15.9 million in the same period in the prior year.
Year to date
– Revenue for the nine months ended May 31, 2025 was $330.3 million as compared to $302.8 million in the same period in the prior year, representing an increase of $27.5 million (9.1%). The revenue increase was primarily due to increases in advertising revenue of $19.5 million (13.7%), circulation revenue of $8.7 million (8.9%), parcel revenue of $0.8 million (2.1%)
– Net loss in the nine months ended May 31, 2025 was $32.6 million, as compared to a net loss of $46.6 million in the same period in the prior year
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