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MONTREAL, May 10, 2021 /CNW Telbec/ - TVA Group Inc. ( TVA Group or the Corporation ) announced today that it recorded operating revenues in the amount of $140.8 million in the first quarter of 2021, a year-over-year increase of $3.7 million. The net loss attributable to shareholders was $4.5 million or $0.10 per share, compared with a net loss attributable to shareholders of $0.7 million or $0.02 per share for the same quarter of 2020.
First quarter operating highlights:
Consolidated adjusted EBITDA
1 of $2,136,000, a $6,371,000 unfavourable variance from the same quarter of 2020.
$3,421,000 in negative adjusted EBITDA
1 in the Broadcasting segment, a $7,250,000 unfavourable variance due primarily to a decrease in profitability at TVA Sports, which recorded a significant increase in costs as a result of the change in the broadcast schedule for the National Hockey League ( NHL ) 2020-2021 season, partially offset by increased profit