Q1 2026 Quebecor Inc Earnings Call Transcript
Key Points
- Quebecor Inc (QBCAF) reported a 10% increase in adjusted cash flow from operations, reaching $444 million.
- The company's telecom segment delivered an adjusted EBITDA of $620 million, up 6.6% year-over-year, with a margin of 50.9%.
- Wireless service revenues grew by 8.8% year-over-year, reaching $466 million, with consolidated mobile ARPU increasing for the second consecutive quarter.
- Quebecor Inc (QBCAF) reduced its debt by more than $120 million in the quarter, improving its net debt-to-EBITDA ratio to 2.86 times.
- The company launched the Total Freedom Plan, offering seamless connectivity across Canada and 120 international destinations, powered by a 5G+ network with a price-freeze commitment.
- Subscriber growth in the wireless segment was lower, with only 28,800 net mobile lines added compared to 52,900 in the same quarter last year.
- The media segment reported negative adjusted EBITDA of $1 million, despite improvements from cost reduction initiatives.
- The company faces challenges in the media industry, including competition from CBC, regulatory burdens, and reduced support from the Canadian Media Fund.
- Quebecor Inc (QBCAF) experienced a highly competitive wireless environment, with aggressive discounting campaigns by competitors.
- The sports and entertainment segment saw a decrease in revenues by 1% to $49 million, with EBITDA down to $2 million for the quarter.
Good day, everyone, and thank you for standing by. Welcome to the Quebecor, Inc.'s financial results for the first quarter 2026 conference call. I would like to introduce Hugues Simard, Chief Financial Officer of Quebecor, Inc. Please go ahead.
Ladies and gentlemen, welcome to this Quebecor conference call.
My name is Hugues Simard, I'm the CFO, and joining me to discuss our financial and operating results for the first quarter of 2026 is Pierre Karl Péladeau, our President and CEO.
Anyone unable to attend the conference call will be able to access the recorded version by logging on to the webcast available on Quebecor's website until July 13th of this year.
As usual, I also want to inform you that certain statements made on the call today may be considered forward-looking, and we would refer you to the risk factors outlined in today's press release and reports filed by the Corporation with regulatory authorities. I will now turn the floor to Péladeau.
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