Postmedia Network Canada Corp. reported earnings results for the third quarter and nine months ended May 31, 2023. For the third quarter, the company reported revenue was CAD 111.21 million compared to CAD 120.62 million a year ago. Net loss was CAD 24.84 million compared to CAD 16.77 million a year ago. Basic loss per share from continuing operations was CAD 0.25 compared to CAD 0.17 a year ago. Diluted loss per share from continuing operations was CAD 0.25 compared to CAD 0.17 a year ago.
For the nine months, revenue was CAD 347.21 million compared to CAD 341.18 million a year ago. Net loss was CAD 61.52 million compared to CAD 43.3 million a year ago. Basic loss per share from continuing operations was CAD 0.62 compared to CAD 0.46 a year ago. Diluted loss per share from continuing operations was CAD 0.62 compared to CAD 0.46 a year ago.