The earnings call reflected a generally positive outlook for Quebecor, with strong cash flow, debt reduction, and mobile revenue growth highlighted as key achievements. However, challenges remain in the media segment with declining advertising revenues and competitive pressures in the telecom market.

Company Guidance -

Q3 2025

During the second quarter of 2025, Quebecor Inc. reported strong financial and operational results, with key performance indicators showing significant improvements. Cash flows from operating activities increased by $146 million, or 37%, reaching $538 million. EBITDA, excluding stock-based compensation, rose by $4 million, or 1%, to $605 million, while net operating income saw an increase of $22 million, or 11%, totaling $227 million. The company successfully reduced its debt by $192 million and improved its net debt-to-EBITDA ratio to 3.20x, which is considered the lowest leverage within the Canadian industry. Quebecor invested over $152 million in capital expenditures to enhance its network and support growth projects. In the wireless segment, mobile service revenues grew by $26 million, or 6%, due to the addition of 346,000 net new lines over the past 12 months, resulting in the best performance of consolidated mobile ARPU since acquiring Freedom Mobile. On a year-over-year basis, mobile ARPU decreased by $0.97, a marked improvement from a $2.45 decline in the same quarter last year. In the wireline segment, service revenues continued to decline, but improvements were noted with new services like Freedom Home Internet and Fizz TV. Quebecor also expanded its Giga Internet service, adding high-speed access to an additional 350,000 households in Quebec. The Media segment faced challenges, with Group TVA's EBITDA decreasing by $11 million compared to the previous year, primarily due to a one-time favorable retroactive adjustment recorded in 2024 and the absence of major foreign productions at the MELS studio. Despite these challenges, Quebecor remains committed to enhancing its technological offerings and maintaining a competitive market position.

Strong Cash Flow Improvement

Cash flows from operating activities improved by $146 million or 37% to $538 million, showcasing strong financial management.

Debt Reduction

Quebecor reduced its debt by $192 million, improving the net debt-to-EBITDA ratio to 3.20x, the lowest in the Canadian industry.

Mobile Revenue Growth

Mobile service revenues increased by $26 million or 6%, with the addition of 346,000 net new lines over the last 12 months.

Improvement in Wireline Segment

There was a noted lowest decline in wireline service revenues in over a year, indicating an improvement trend.

Sports and Entertainment Segment Growth

Revenues from the Sports and Entertainment segment increased by 13% to $52 million, with EBITDA up to $5 million.

Quebecor (QBCRF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

QBCRF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.72 / -	0.594	―	―	―
Aug 07, 2025	2025 (Q2)	0.70 / 0.72	0.645	11.24% (+0.07)	―
May 08, 2025	2025 (Q1)	0.51 / 0.58	0.514	12.68% (+0.07)	―
Feb 27, 2025	2024 (Q4)	0.53 / 0.58	0.529	9.59% (+0.05)	―
Nov 07, 2024	2024 (Q3)	0.59 / 0.59	0.637	-6.82% (-0.04)	―
Aug 08, 2024	2024 (Q2)	0.60 / 0.64	0.572	12.66% (+0.07)	―
May 09, 2024	2024 (Q1)	0.49 / 0.51	0.427	20.34% (+0.09)	―
Feb 22, 2024	2023 (Q4)	0.53 / 0.53	0.5	5.80% (+0.03)	―
Nov 09, 2023	2023 (Q3)	0.57 / 0.64	0.543	17.33% (+0.09)	―
Aug 10, 2023	2023 (Q2)	0.53 / 0.57	0.493	16.18% (+0.08)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

QBCRF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$28.12	$27.17	-3.38%
May 08, 2025	$27.04	$27.09	+0.18%
Feb 27, 2025	$22.57	$22.26	-1.37%
Nov 07, 2024	$24.08	$23.55	-2.20%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Quebecor (QBCRF) report earnings?

Quebecor (QBCRF) is schdueled to report earning on Nov 06, 2025, Before Open (Confirmed).

What is Quebecor (QBCRF) earnings time?

Quebecor (QBCRF) earnings time is at Nov 06, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is QBCRF EPS forecast?

QBCRF EPS forecast for the fiscal quarter 2025 (Q3) is 0.72.

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