Strong Internet Subscriber Growth in Canada
Cogeco Connexion's Canadian telecommunications business saw its Internet subscriber base expand by 10,700 subscribers under both the Cogeco and oxio brands.
Breezeline Mobile Rollout
The rollout of Breezeline Mobile has been successful, contributing to improved customer satisfaction and a better mix of higher-margin services.
Improvement in U.S. Customer Metrics
In Ohio, significant improvement in subscriber metrics was noted, marking the best quarter since the business acquisition.
Stable Adjusted EBITDA Growth
Adjusted EBITDA increased by 1.4% at the consolidated level, with growth in the Canadian segment and lower corporate spending.
Increase in Diluted Earnings Per Share
Diluted earnings per share increased by 18.4%, driven by lower financial expenses, gains from asset sales, and a share buyback.
Digital Advertising Growth in Radio Business
Despite challenges in radio advertising, digital advertising solutions showed resilient growth, contributing to overall revenue.