The earnings call presented a mixed picture. While there were significant achievements in Canadian subscriber growth, operational efficiencies, and a new wireless launch, these were tempered by challenges in U.S. markets, regulatory setbacks, and declines in certain segments. The positive aspects like strong free cash flow and debt reduction were countered by the need to revise revenue outlooks and address competitive pressures.

Company Guidance

During the Q3 2025 earnings call, Cogeco Inc. and Cogeco Communications Inc. provided guidance highlighting several key metrics. The company expects to generate approximately $600 million in free cash flow by fiscal 2027, with current net debt to adjusted EBITDA standing at 3.1x. For fiscal 2025, Cogeco anticipates a low single-digit decline in revenue, primarily due to U.S. market pressures, but expects adjusted EBITDA to remain stable year-over-year. The company revised its net capital expenditures guidance downwards to between $600 million and $650 million, citing operational efficiencies. Free cash flow guidance was also raised, reflecting transformation-related CapEx synergies. Additionally, Cogeco's Canadian operations showed strong Internet subscriber growth, adding 9,400 new subscribers, while U.S. operations faced competition-driven challenges, resulting in a loss of 10,400 Internet subscribers. The company remains optimistic about improvements in U.S. customer metrics and plans to launch Canadian wireless services, initially targeting low to mid data users.

Strong Canadian Internet Subscriber Growth

The company experienced strong growth in Canadian Internet subscribers, adding 9,400 new subscribers during the quarter.

OpEx and CapEx Synergies Exceeding Plan

Operational efficiencies and synergies from transformation initiatives have resulted in CapEx being below prior estimates, contributing to a strong balance sheet and the projection of $600 million in free cash flow by fiscal 2027.

Canadian Wireless Launch

Cogeco is launching a Canadian wireless service, the first major wireless launch in Canada in over 10 years, which will be exclusive to wireline customers.

Free Cash Flow Increase

Free cash flow in constant currency increased by 61.5% due to lower CapEx and restructuring costs.

Debt Reduction

Debt to adjusted EBITDA improved to 3.1x from 3.4x due to lower net debt and favorable exchange rates.

Dividend Declaration

A dividend of $0.922 per share was declared, reflecting confidence in the company's financial position.

Cogeco Inc. SV (TSE:CGO) 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 >

TSE:CGO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q4)	1.96 / -	2.65	―	―	―
Jul 15, 2025	2025 (Q3)	2.18 / 2.40	3.02	-20.53% (-0.62)	―	―
Apr 09, 2025	2025 (Q2)	1.42 / 2.11	2.33	-9.44% (-0.22)	―	―
Jan 13, 2025	2025 (Q1)	2.88 / 2.82	2.57	9.73% (+0.25)	―	―
Oct 31, 2024	2024 (Q4)	2.38 / 2.65	2.12	25.00% (+0.53)	―	―
Jul 11, 2024	2024 (Q3)	2.81 / 3.02	2.43	24.28% (+0.59)	―	―
Apr 12, 2024	2024 (Q2)	1.90 / 2.33	2.15	8.37% (+0.18)	―	―
Jan 10, 2024	2024 (Q1)	3.28 / 2.57	2.67	-3.75% (-0.10)	―	―
Nov 01, 2023	2023 (Q4)	2.13 / 2.12	2.31	-8.23% (-0.19)	―	―
Jul 13, 2023	2023 (Q3)	2.16 / 2.43	2.37	2.53% (+0.06)	―	―

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

TSE:CGO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 15, 2025	C$66.18	C$60.36	-8.79%
Apr 09, 2025	C$58.30	C$53.36	-8.47%
Jan 13, 2025	C$56.19	C$51.97	-7.51%
Oct 31, 2024	C$57.13	C$56.41	-1.26%

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 Cogeco Inc. SV (TSE:CGO) report earnings?

Cogeco Inc. SV (TSE:CGO) is schdueled to report earning on Oct 29, 2025, After Close (Confirmed).

What is Cogeco Inc. SV (TSE:CGO) earnings time?

Cogeco Inc. SV (TSE:CGO) earnings time is at Oct 29, 2025, After Close (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 TSE:CGO EPS forecast?

TSE:CGO EPS forecast for the fiscal quarter 2025 (Q4) is 1.96.

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