Q2 2025 Quebecor Inc Earnings Call Transcript
Key Points
- Quebecor Inc (QBCAF) reported a significant improvement in cash flows from operating activities, increasing by $146 million or 37% to $538 million.
- The company reduced its debt by $192 million, improving its net debt to EBITDA ratio to 3.20 times, the lowest leverage in the Canadian industry.
- Quebecor Inc (QBCAF) achieved a strong performance in its telecom segment, with mobile service revenues increasing by $26 million or 6% in the quarter.
- The company added 72,000 net new lines to its mobile customer base in the second quarter, demonstrating strong growth despite softer market conditions.
- Quebecor Inc (QBCAF) maintained a strong balance sheet with available liquidity of over $755 million at the end of the quarter.
- Quebecor Inc (QBCAF) experienced a slight decrease in consolidated revenues, down 0.5% from last year to $1.4 billion.
- EBITDA decreased by $20 million or 3%, primarily due to a $24.2 million increase in stock-based compensation.
- The media segment recorded a decrease in revenues by 5% to $174 million, with an EBITDA decline of $10 million compared to the same quarter last year.
- The company continues to face challenges in the wireline segment, with service revenues decreasing, although the decline was the lowest in over a year.
- Quebecor Inc (QBCAF) is concerned about the competitive imbalances in the Quebec audiovisual landscape, particularly due to global web giants and Radio Canada's business practices.
Good day, everyone, and thank you for standing by. Welcome to the Quebecor Inc's financial results for the second quarter 2025 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. I am, Hugues Simard and joining me to discuss our financial and operating results for the second quarter of 2025 is Pierre-Karl Peladeau, our President and Chief Executive Officer. 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 October 10th 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 the regulatory authority.
Let me now turn the floor to Pierre Peladeau.
| 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
