Canada · Delayed Price · Currency is CAD Quebecor Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw 4% revenue and EBITDA growth, a 12% rise in free cash flow, and a 24% increase in net income. Telecom delivered record results, ARPU and subscriber growth outpaced peers, and the dividend was raised 12.5%. Expansion and efficiency initiatives continue to drive performance.
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Q1 2026 saw strong revenue and EBITDA growth, driven by disciplined wireless and wireline performance, improved ARPU, and industry-low leverage. Media segment improved but remains challenged, while prudent capital allocation and network investments support continued growth.
Fiscal Year 2025
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Q4 and full-year 2025 saw strong growth in free cash flow, adjusted net income, and telecom EBITDA, with industry-leading subscriber and ARPU gains. Media returned to profitability due to a non-recurring royalty adjustment and restructuring, while leverage and liquidity improved.
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Strong wireless growth drove record net additions and ARPU improvement, with consolidated revenues and EBITDA both rising year-over-year. Continued disciplined investment and cost management supported margin expansion, while the company maintained the lowest net debt-to-EBITDA ratio among peers.
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Q2 2025 saw stable revenues, strong wireless growth, and improved cash flow, with net income and adjusted earnings rising year-over-year. Debt reduction and disciplined capital allocation strengthened the balance sheet, while competitive and regulatory pressures persisted.
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Q1 2025 saw strong wireless subscriber growth, improved cash flow, and reduced leverage, despite a slight revenue decline and ongoing competitive pressures. Telecom margins improved, media faced continued headwinds, and new product launches supported future growth.
Fiscal Year 2024
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2024 saw strong cash flow and EBITDA growth, record wireless subscriber gains, and disciplined capital allocation, despite intense price competition and regulatory challenges. Telecom CapEx will rise in 2025, with stable free cash flow and a higher dividend expected.
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Q3 2024 saw record wireless subscriber growth and improved wireless margins, offset by lower wireline and media revenues due to aggressive competition and regulatory challenges. Strong cash flow enabled continued debt reduction and share buybacks.
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EBITDA rose 3% to CAD 625 million and net income climbed to CAD 208 million, driven by strong wireless subscriber growth and disciplined investments. Despite revenue pressures, margins and cash flow remained stable, with continued deleveraging and investment-grade ratings.