Q3 2025 Quebecor Inc Earnings Call Transcript
Key Points
- Quebecor Inc (QBCAF) reported its strongest quarterly wireless service revenue growth since acquiring Freedom Mobile, with 114,000 net additions in the quarter.
- The company achieved a significant milestone with over 4,328,000 mobile active lines, indicating strong market penetration.
- Quebecor Inc (QBCAF) maintained the lowest net debt to EBITDA ratio in the Canadian telecom industry, showcasing financial stability.
- The telecom segment showed strong operational and financial results, with a 6.4% increase in mobile service revenue.
- The media segment's EBITDA increased by $6 million compared to the same period in 2024, due to streamlining initiatives and favorable non-recurring adjustments.
- The Canadian market is affected by lower immigration levels and organic growth, posing challenges for future expansion.
- The media segment faces a structural crisis due to declining advertising revenues and lack of government support.
- Quebecor Inc (QBCAF) anticipates higher investment levels in the last quarter, which may impact short-term cash flow.
- Aggressive pricing competition in Quebec, particularly in combo plans, could pressure margins.
- The company had to adjust its wireless subscriber base by 51,000 to eliminate zero revenue accounts, impacting reported growth figures.
Good day, everyone, and thank you for standing by. Welcome to the Cabecor Inc. Financial Results for the 3rd quarter 2025 conference call. I would now like to introduce Hug Sima, Chief Financial Officer of Quebecor Inc. Please go ahead.
Ladies and gentlemen, welcome to this Quebecco conference call. My name is Sima. I'm the CFO, and joining me to discuss our financial and operating results for the 3rd quarter of 2025 is Pier Pirado, 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 Quebeccor's website until January 5th.
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 report filed by the corporation with the regulatory authorities. Let me now turn the floor to you again.
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