You will be redirected back to your article in seconds

Astral sees luminous gains

Net earnings soar 29% on 15% revenue increase

TORONTO — Buoyant specialty and pay television sectors and a healthy ad market have produced a strong fiscal first quarter at Montreal-based Astral Media, which saw improved revenues and earnings.

Net earnings for the quarter ended Nov. 30 soared 29% to C$20.9 million ($16.1 million), on revenues of $99 million, up 15% from a year ago.

“Driving hard on the heels of an excellent year in fiscal 2003, we are pleased to begin fiscal 2004 with a solid first quarter,” said prexy-CEO Ian Greenberg. “Strong original programming and exclusive premieres continue to drive subscribership on our pay networks, while targeted niche programming generates solid results for our specialty channels.”

TV ad revenues jumped 23% to $13.6 million and radio ad sales increased 56% to $19.9 million for the quarter.

More Biz

  • netflix debt

    Netflix Raises $1.9 Billion in Debt Financing, Its Biggest Round Ever

    TORONTO — Buoyant specialty and pay television sectors and a healthy ad market have produced a strong fiscal first quarter at Montreal-based Astral Media, which saw improved revenues and earnings. Net earnings for the quarter ended Nov. 30 soared 29% to C$20.9 million ($16.1 million), on revenues of $99 million, up 15% from a year […]

  • Kris Wu, Chinese Superstar Singer-Actor, Signs

    Kris Wu, Chinese Superstar Singer-Actor, Signs With Universal Music Group

    TORONTO — Buoyant specialty and pay television sectors and a healthy ad market have produced a strong fiscal first quarter at Montreal-based Astral Media, which saw improved revenues and earnings. Net earnings for the quarter ended Nov. 30 soared 29% to C$20.9 million ($16.1 million), on revenues of $99 million, up 15% from a year […]

  • solo a star wars story

    'Sabacc' Trademark Holder Sues Lucasfilm and Denny's

    TORONTO — Buoyant specialty and pay television sectors and a healthy ad market have produced a strong fiscal first quarter at Montreal-based Astral Media, which saw improved revenues and earnings. Net earnings for the quarter ended Nov. 30 soared 29% to C$20.9 million ($16.1 million), on revenues of $99 million, up 15% from a year […]

  • Set TVNow

    Studios Take Aim at Another Pirate Streaming Device

    TORONTO — Buoyant specialty and pay television sectors and a healthy ad market have produced a strong fiscal first quarter at Montreal-based Astral Media, which saw improved revenues and earnings. Net earnings for the quarter ended Nov. 30 soared 29% to C$20.9 million ($16.1 million), on revenues of $99 million, up 15% from a year […]

  • David Chang Partners With Bill Simmons

    David Chang Partners With Bill Simmons for Ringer Podcast

    TORONTO — Buoyant specialty and pay television sectors and a healthy ad market have produced a strong fiscal first quarter at Montreal-based Astral Media, which saw improved revenues and earnings. Net earnings for the quarter ended Nov. 30 soared 29% to C$20.9 million ($16.1 million), on revenues of $99 million, up 15% from a year […]

  • AAFCA, LA City Hall to Honor

    AAFCA, LA City Hall to Honor 'Unsolved: The Murders of Tupac and The Notorious B.I.G.'

    TORONTO — Buoyant specialty and pay television sectors and a healthy ad market have produced a strong fiscal first quarter at Montreal-based Astral Media, which saw improved revenues and earnings. Net earnings for the quarter ended Nov. 30 soared 29% to C$20.9 million ($16.1 million), on revenues of $99 million, up 15% from a year […]

  • Stranger Things Season 2

    Netflix Plans to Raise Another $1.5 Billion in Debt Financing for Original Content

    TORONTO — Buoyant specialty and pay television sectors and a healthy ad market have produced a strong fiscal first quarter at Montreal-based Astral Media, which saw improved revenues and earnings. Net earnings for the quarter ended Nov. 30 soared 29% to C$20.9 million ($16.1 million), on revenues of $99 million, up 15% from a year […]

More From Our Brands

Access exclusive content