Overview

* Postmedia Q3 revenue rises 8.3% yr/yr, driven by advertising and circulation growth

* Operating income before depreciation and restructuring increased due to higher revenues

* Net income of C$7.9 mln vs a net loss last year

Outlook

* Company focuses on expanding parcel services in Western and Atlantic Canada

Result Drivers

* ADVERTISING GROWTH - Advertising revenue increased by 14.5%, primarily driving overall revenue growth

* CIRCULATION REVENUE - Circulation revenue rose by 9.7%, contributing significantly to total revenue

* PARCEL SERVICES EXPANSION - Expansion in Western and Atlantic Canada boosted parcel revenue by 7.2%

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 C$109.16

Revenue mln

Q3 Net C$7.90

Income mln

Q3 C$5.32

Adjusted mln

Operatin

g Income

Q3 C$563,00

Operatin 0

g Income

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)