Q1 2026Cogeco Inc and Cogeco Communications Inc Earnings Call Transcript
Key Points
- Cogeco Inc (CGECF) reported that their consolidated results for the quarter were in line with their plan and on track to deliver full-year guidance for all KPIs.
- The US operations showed significant improvement in subscriber trends for the second consecutive quarter, marking the best US customer metrics in the past 15 quarters.
- In Canada, Cogeco Inc (CGECF) maintained solid and resilient performance with positive year-on-year EBITDA trends and consistent customer base growth.
- The company achieved a 15% reduction in customer complaints, a 25% reduction in billing complaints, and no breaches to the Internet code, ranking them as the best telecommunications company in Canada for customer complaint reduction.
- Cogeco Media's Q1 revenue increased year-over-year, driven by strength in digital advertising solutions and continued listener engagement.
- In the US, Breezeline's revenue declined by 9.9% in constant currency due to a cumulative decline in the subscriber base and a competitive pricing environment.
- Adjusted EBITDA in the US declined by 9.1% in constant currency, primarily due to lower revenue.
- Consolidated revenue in constant currency declined by 4.9%, and adjusted EBITDA declined by 3.7%, driven by declines in the US.
- Free cash flow in constant currency declined by 15.9% in the quarter, mainly due to proceeds from last year's sale and leaseback transaction.
- The company expects more modest wireline customer growth in Canada in Q2 due to increased competitive intensity during Black Friday and the holidays.
Good day, and welcome to Cogeco, Inc., and Cogeco Communications, Inc., Q1 2026 earnings conference call. Today's conference is being recorded.
At this time, I would like to turn the conference over to Mr. Patrice Ouimet, Chief Financial Officer of Cogeco, Inc., and Cogeco Communications, Inc., Please go ahead, Mr. Ouimet.
So good morning, and welcome to our first-quarter results conference call. So as usual, before we begin the call, I'd like to remind listeners that today's discussion will include estimates and other forward-looking information. We ask that you review the cautionary language in the press release and MD&A issued yesterday as well as in our annual reports regarding the various risks, assumptions and uncertainties that could cause our actual results to differ.
With that, I will pass the line to Fred Perron for opening remarks.
Merci, Patrice. Good
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
