National public broadcaster CBC/Radio-Canada just dropped on Wednesday its annual financial results for 2022-2023, period ending March 31, 2023. The firm finished the fiscal year with a net loss of $125.1 million, a decline from last year’s net loss of $92.1 million. The loss for the year is driven by around $1.91 billion in operating expenses, which is relatively a decline from last year’s $2.01 billion. For the recent annual period, it received around $1.27 billion in government funding, an increase from last year’s $1.24 billion. The difference is mainly due to a transfer from 2021-2022 operating funding to 2020-2021 of around $36.7 million, and a lower amortization of deferred capital funding in the recent year.
