Q1 2025 Cogeco Communications Inc Earnings Call Transcript

Jan 14, 2025 / 02:30 PM GMT

Release Date Price: €45.6 (-0.44%)

Transcript

Key Points

Positve

Cogeco Communications Inc (CGEAF) reported strong early progress on its transformation initiatives, contributing to an expansion of EBITDA margins.
The company achieved strong internet subscriber growth in Canada, with an increase of 10,700 subscribers under the Cogeco and Oxio brands.
Cogeco Communications Inc (CGEAF) has successfully rolled out Breezeline Mobile, and its Canadian wireless efforts are on track for market entry in the coming quarters.
The company reported improved customer satisfaction and subscriber metrics in the US, particularly in Ohio, marking the best quarter since acquiring the business.
Cogeco Media's digital advertising solutions revenue showed resilient growth, contributing meaningfully to overall revenue despite challenges in the radio advertising market.

Negative

Cogeco Communications Inc (CGEAF) experienced a decline in revenue by 1.6% in constant currency, primarily due to lower revenue in the US.
The US segment, Breezeline, saw a revenue decline of 3.4% in constant currency, impacted by subscriber base decline and video cord-cutting.
The company faces ongoing challenges in the radio advertising market, leading to lower than anticipated revenue for Cogeco Media.
Capital intensity increased to 20.4% from 19.6% last year, driven by higher spending in the US, excluding network expansion projects.
Cogeco Communications Inc (CGEAF) anticipates a mid-single-digit decrease in adjusted EBITDA for Q2 due to competitive pressures and higher content costs.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CCA.TO - Cogeco Communications Inc
Q1 2025 Cogeco Communications Inc Earnings Call
Jan 14, 2025 / 02:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to coach Co Inc and Coach Co Communications Inc Q1, 2025 earnings conference call. Today's conference is being recorded at this time. I would like to turn the conference over to Mr Patrick Wee, Chief Financial Officer of Coo Coo Communications Inc. Please go ahead Mr Wee.

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Unidentified_2 [2]
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Thank you so. Good morning and happy New year, everyone. So welcome to our first quarter results conference call. As usual before we begin the call, I'd like to remind listeners that today's discussion will include estimates and other

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