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Canada's Quebecor Q3 revenue rises 3.5% on telecom, media gains

By Reuters News


Overview

  • Canada telecom and media firm's Q3 revenue rose 3.5% yr/yr, driven by Telecom and Media

  • Adjusted EBITDA increased 12.5%, reflecting operational gains and favorable stock-based compensation

  • Adjusted net income grew 21.7% yr/yr


Outlook

  • Quebecor did not provide specific financial guidance for the upcoming quarter or full year

  • Company says it remains prudent on media segment due to ongoing challenges in advertising revenues

  • Quebecor continues to invest in network expansion and enhanced wireless coverage across Canada


Result Drivers

  • MOBILE AND INTERNET GROWTH - Co said revenue gains were led by higher mobile telephony and internet access service revenues, including record subscriber additions

  • STOCK-BASED COMPENSATION - Co said adjusted EBITDA benefited from a $31.5 mln favorable impact related to stock-based compensation

  • MEDIA SEGMENT COST SAVINGS - Co attributed Media segment EBITDA growth to cost reductions, higher TVA Sports subscription revenue, and a new tax credit


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Income

C$302.6 mln

Q3 Adjusted Cash Flow from Ops

C$529.7 mln


Reuters Recommended Reads

  • Nov 4 - Canada's Lumine Group Q3 revenue jumps 55% on acquisitions, organic growth

  • Nov 4 - Canada's WSP Global Q3 revenue rises 16.6%, beats estimates

  • Nov 4 - Sinclair Q3 revenue up 16%, beats analyst estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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