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

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

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(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.)