CBC/Radio-Canada’s first 2025–2026 quarterly report now available online

Press Release

Sep 2, 2025

Q1 Financial Highlights

• Our revenue increased by 4.4% primarily due to higher TV and digital advertising revenue mostly due to the federal election and increased news engagement. This is partially offset by softening demand and declining audiences. Subscriber revenue is higher due to increased subscriber volumes on our digital platforms.
• Government funding recognized in income increased by 4.3%. This seasonal increase was consistent with our expected needs for operating funding in the quarter and due to higher expenses compared to the same period last year.
• Our expenses increased by 1.5% mainly due to higher newsgathering costs related to the federal election and other major events, and higher operational costs for our programming and digital activities.

For the three months ended June 30	2025	2024	% change
Revenue	120,700	115,655	4.4
Government funding	326,656	313,164	4.3
Expenses	(438,836)	(432,385)	1.5
Results before other gains and (losses) and income taxes	8,520	(3,566)	N/M
Other gains and (losses)	(247)	(13)	N/M
Results before income taxes	8,273	(3,579)	N/M
Income tax expense	274	–	N/M
Net results for the period	8,547	(3,579)	N/M
N/M = not meaningful

Net results for the period were a gain of $8.5 million compared to a loss of $3.6 million in the same period last year.

“Revenue increased this quarter mainly from higher TV and digital advertising linked to the federal election and greater news engagement. Subscriber revenue also rose, while expenses were up slightly due to election coverage and programming investments. Our focused investments keep us on track to deliver for Canadians.”

– Carol Najm, Vice-President and Chief Financial Officer, CBC/Radio-Canada

Q1 Business Highlights

This quarter we reached and engaged with Canadians through local initiatives and nationwide news and information, such as the 2025 federal election and critical updates on the ongoing forest fires across the country.

One in four (over 10 million) Canadians watched our election night coverage on television.1 They also spent over 20 million hours engaged with us on Radio, on our digital platforms and tools, like the Poll Tracker, and live streams throughout the campaign.2

To keep communities safe across the nation, we kept them informed of local developments and safety measures to take during the forest fire season. More than nine million people engaged with us on our digital platforms as we shared Canada-wide coverage.3

We continued to innovate on digital platforms to better serve Canadians. To deliver more accessible content, we launched an artificial intelligence (AI) feature that automated closed captioning. This enhanced video captioning coverage on cbc.ca improved accessibility for audiences. On our RC OHdio app, we added automated transcription generated with AI after testing for ICI Première radio channels, and we improved connectivity by adding compatibility with Android Auto.

The 2024-2025 National Indigenous Strategy progress report, available on our corporate site, highlights the actions taken in the last year and our engagement with Indigenous Peoples. The report includes a written summary as well as audio, American Sign Language and Quebec Sign Language recordings, to widen accessibility. Continuing our commitment to increase Indigenous content, we launched new programming such as North of North and Sur les traces d’Anachnid. Our coverage of the Paris 2024 Olympic Games also included broadcasts in Cree, Innu, Atikamekw and Inuktitut.

Our national public library partnerships program, Collab, strengthened connections to communities across Canada. As part of a Collab initiative, news teams traveled to Ulukhaktok, N.W.T., one of Canada’s northernmost regions, in advance of Indigenous History Month. There, we partnered with the Ulukhaktok Community Library and the Helen Kalvak School to offer youth radio and journalism workshops. As part of these workshops, teens developed the skills to share stories through local radio shows.

Our storytelling received global acclaim. CBC/Radio-Canada was honoured as the New York Festivals Radio Awards Broadcaster of the Year. Our audio programs and podcasts earned multiple awards, including a Grand trophy, three Gold trophies, seven Silver, three Bronze, and 11 finalist certificates.

To learn more about these and other first-quarter accomplishments, access the full version of our 2025–2026 First Quarter Financial Report.

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Equity, Diversity and Inclusion

Media contact:

Emma Iannetta
Senior Specialist, Media Relations
CBC/Radio-Canada
emma.iannetta@cbc.ca

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