Education
About Us
Working with TipRanks
Follow Us
Quebecor Inc Cl A MV (TSE:QBR.A)
TSX:QBR.A
Earnings Data
Report Date
May 07, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.95Last Year’s EPS
0.8Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong operational and financial wins: solid free cash flow growth, Q4 and full-year revenue and EBITDA improvements (notably in telecom), positive mobile trends (net adds, mobile service revenue up 9.5%, ARPU turning positive), improved margins, a strengthened balance sheet (net debt/EBITDA down to 2.95x) and enhanced shareholder returns (dividend increase and buybacks). Offsetting items included nonrecurring accounting benefits in Media (retroactive royalty), significant share-based compensation expense that depressed reported EBITDA, continued structural challenges in the Media and Sports & Entertainment businesses, and a one-time working capital boost that may not repeat. Management expects continued measured CapEx increases to support growth and reiterated focus on profitable, disciplined growth. Overall, the positives—from cash flow, telecom momentum, margin expansion and balance sheet strength—outweighed the transitory and structural negatives.Company Guidance
Strong Free Cash Flow Growth
Free cash flow increased materially: up 21.9% in Q4 and up 27.3% for 2025. Management reported generating roughly $1.1 billion of free cash flow for 2025, with working capital contributing a one-time benefit (~$300 million) that management expects to be much smaller in 2026.
Revenue and EBITDA Improvement (Q4 & FY2025)
Consolidated Q4 revenue was $1.5 billion, up $47 million or 3% year-over-year. Consolidated EBITDA in Q4 reached $610 million, up $21 million or 4% (and up $44 million or 8% when excluding a $67 million rise in share-based compensation and a $44 million favorable retroactive royalty impact). Full-year 2025 revenue was $5.7 billion (up 0.7%) and full-year EBITDA was $2.4 billion (up 1.1%).
Telecom Segment Momentum and Subscriber Additions
Telecom delivered its strongest quarter since the Freedom acquisition: 311,000 net new mobile lines in 2025 and 73,900 net adds in Q4. Mobile service revenue rose $39.9 million (9.5%)—the best mobile service performance in over five years. Telecom total revenues grew 1.5% ($19 million) in the quarter.
Improving Margins and ARPU
Telecom adjusted EBITDA for the quarter reached $590 million, up $24 million (4%), and adjusted EBITDA margin improved 1.2 percentage points to 45.9% (from 44.7% year-over-year). Consolidated mobile ARPU turned positive post-acquisition at $35.23 in Q4, up $0.48 or 1.4% YoY, and improved sequentially for a third consecutive quarter.
Balance Sheet Strength and Capital Markets Execution
Net debt-to-EBITDA decreased to 2.95x—lowest among the top four Canadian telecoms. Videotron issued $800 million of senior notes at a 3.95% yield (noted as the lowest 7‑year credit spread achieved in the Canadian telecom sector). Available liquidity exceeded $1.6 billion pro forma a US$500 million increase in the revolving facility.
Shareholder Returns
Board declared a quarterly dividend increase to $0.40 per share from $0.35 (a 14% increase). Management also repurchased and cancelled 5.3 million Class B shares for $218 million in 2025 and reiterated a free-cash-flow distribution policy (targeting 30%–50% payout range).
Media Operational Improvements and Audience Strength
TVA reported adjusted EBITDA of $50 million in 2025, up $39 million vs. 2024 (driven by a favorable retroactive royalty adjustment and cost savings from restructuring). TVA maintained a 41.8% market share in 2025, up 1.1 percentage points, and illico+ surpassed 0.5 million subscribers (added ~60,000 subscribers in 2025, ~20,000 in Q4).
Customer Experience and Complaint Metrics
Videotron, Fizz and Freedom scored highly in the Léger WOW Index (in-store and online experience leadership). Despite industry complaints rising ~17% overall, Videotron brands maintained stable or improved complaint metrics (Videotron brand complaints down 6.6%, the fourth consecutive annual decline), supporting lower churn and customer retention gains (TV subscriber retention improved 50% vs Q4 2024).
TSE:QBR.A Earnings History
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:QBR.A Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | C$54.92 | C$54.35 | -1.03% |
Nov 06, 2025 | C$45.35 | C$45.94 | +1.31% |
Aug 07, 2025 | C$39.17 | C$37.20 | -5.02% |
May 08, 2025 | C$35.53 | C$35.63 | +0.27% |
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 Inc Cl A MV (TSE:QBR.A) report earnings?
Quebecor Inc Cl A MV (TSE:QBR.A) is schdueled to report earning on May 07, 2026, Before Open (Confirmed).
What is Quebecor Inc Cl A MV (TSE:QBR.A) earnings time?
Quebecor Inc Cl A MV (TSE:QBR.A) earnings time is at May 07, 2026, 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 TSE:QBR.A EPS forecast?
TSE:QBR.A EPS forecast for the fiscal quarter 2026 (Q1) is 0.95.