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Cogeco Reports Higher Q2 Profit of $79.8M as Revenue Slides to $713M
The Montreal-based telecom lowered revenue and adjusted earnings forecasts after U.S. internet subscriber revenue weakened, even as second-quarter profit rose 4% to $79.8 million.
- In the second quarter, Cogeco Inc. reported a $79.8 million profit, rising about 4 per cent from $76.6 million last year, though revenue fell more than 5 per cent to $713 million.
- Strong Canadian operations contrast with expected challenges in the U.S. segment for the first half of 2026, according to the company's CEO, who noted diverging regional performance.
- Cogeco Communications Inc., the cable and internet subsidiary, reported a profit of $83.6 million, up from $79.6 million, while earnings per share rose to $1.97 from $1.88.
- Management lowered its 2026 fiscal guidance, citing increased pressure on revenue from internet subscribers in the U.S. segment as the primary factor driving the revised outlook.
- First published yesterday by The Canadian Press, this report provides investors with updated financial data and revised fiscal projections for the company going forward.
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Cogeco revenue falls in Q2, despite strong Canadian numbers - The Wire Report
Cogeco Communications Inc. reported a drop in revenues over the most recent quarter, largely owing to a falling subscriber base in the U.S. This content is available to wirereport.ca subscribers Already a subscriber? Sign in here LOGIN Forgot password? Unlock all the Canadian telecom, broadcasting and digital media news you need. Take a free trial … Continue reading "Cogeco revenue falls in Q2, despite strong Canadian numbers" The post Cogeco re…
An increase of about 4% compared to the $76.6M recorded last year. The post 2T: Cogeco announces an upward profit appeared first on Les Affaires.
Coverage Details
Total News Sources13
Leaning Left5Leaning Right1Center2Last UpdatedBias Distribution63% Left
Bias Distribution
- 63% of the sources lean Left
63% Left
L 63%
C 25%
12%
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