Canada · Delayed Price · Currency is CAD Quebecor Earnings Call Transcripts
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 industry-low leverage, despite revenue and EBITDA declines due to higher stock-based compensation. Telecom margins rose, churn hit record lows, and new product launches supported future growth.
Fiscal Year 2024
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2024 saw strong cash flow, EBITDA, and subscriber growth, with disciplined debt reduction and an 8% dividend increase. Telecom segment led performance, while regulatory and competitive pressures remain key risks. Free cash flow and CapEx are expected to remain stable in 2025.
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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.