Cogeco Communications ( (CGEAF) ) has released its Q2 earnings. Here is a breakdown of the information Cogeco Communications presented to its investors.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Cogeco Communications Inc. is a prominent telecommunications provider offering Internet, video, and wireline phone services to customers in Canada and the United States, with a focus on sustainable practices and community engagement. The company recently announced its financial results for the second quarter of fiscal 2025, highlighting a successful transformation program and maintaining its fiscal guidelines. Key financial metrics showed a slight increase in revenue to $732.4 million, a 2.7% rise in adjusted EBITDA to $356.5 million, and a 14.5% increase in free cash flow to $116.6 million. However, profit for the period decreased by 17.5% to $79.6 million, attributed to higher depreciation and amortization expenses. Looking ahead, Cogeco Communications remains committed to its strategic initiatives, including the Canadian wireless launch and network expansion, while maintaining its financial guidance for fiscal 2025.