Quebecor (TSE:QBR.B)
TSX:QBR.B
Earnings Data
Report Date
May 07, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.94Last Year’s EPS
0.8Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong operational momentum in the telecom segment, clear improvements in cash generation, margin expansion, market share gains, a positive ARPU inflection and disciplined capital allocation (debt reduction, buybacks and dividend increase). These positives are tempered by persistent structural challenges in the Media and Sports & Entertainment segments, a sizable noncash stock-based compensation headwind, heavier capex in 2025 that pulled on short-term adjusted cash flows, and some one-time working capital benefits that may not recur. Management framed media improvements as partly nonrecurring and emphasized continued cost discipline; they also signaled confidence in sustaining telecom growth while cautiously monitoring competitive dynamics and spectrum markets.Company Guidance
Strong Free Cash Flow Growth
Free cash flow increased 21.9% in Q4 and 27.3% for FY2025, with management reporting approximately $1.1 billion of free cash flow generated for the year and guidance for continued growth in 2026.
Consolidated Revenue and EBITDA Improvement
Q4 consolidated revenues of $1.5 billion, up $47 million or 3% year-over-year; Q4 consolidated EBITDA of $610 million, up $21 million or 4% (or $44 million / 8% excluding share-based compensation and a retroactive royalty impact). Full-year revenues up 0.7% to $5.7 billion and EBITDA up 1.1% to $2.4 billion (4.7% ex-stock-based comp and the retroactive media adjustment).
Telecom Segment Momentum and Subscriber Growth
Telecom total revenues grew 1.5% ($19 million) in Q4. Mobile service revenue rose $39.9 million or 9.5% YoY. Net additions totaled 311,000 lines in 2025 (73,900 in Q4), driving the best mobile service margin growth in over five years.
ARPU Recovery
Consolidated mobile ARPU turned positive post-Freedom acquisition, reaching $35.23 in Q4, up $0.48 or 1.4% YoY, and improving sequentially for the third consecutive quarter.
Improved Telecom Profitability and Margins
Telecom adjusted EBITDA reached $590 million in Q4, up $24 million or 4%, with adjusted EBITDA margin improving by 1.2 percentage points to 45.9% (from 44.7% prior year).
Network Investment and Technology Rollout
Continued 5G and 5G+ expansion covering over 22 million Canadians; increased capex to support network build (telecom capex excluding spectrum rose roughly $50–$55 million YoY), plus new product launches (Freedom Home Internet, Fizz TV) and Helix expansion.
Digital/OTT Growth and Content Traction
illico+ surpassed 0.5 million subscribers, adding ~60,000 in 2025 (20,000 in Q4), signaling success of original French-language content and increased OTT traction.
Balance Sheet Strength and Capital Markets Execution
Net debt-to-EBITDA ratio fell to 2.95x (lowest among top-4 Canadian telcos). Videotron issued $800 million of 7-year senior notes at 3.95%—a record low spread for the Canadian telecom sector. Available liquidity exceeded $1.6 billion pro forma.
Shareholder Returns
Bought back and cancelled 5.3 million Class B shares for $218 million in 2025 and increased the quarterly dividend by 14% to $0.40 per share, consistent with a payout policy targeting a portion of free cash flow.
Customer Experience and Complaint Metrics
Strong customer satisfaction recognition (Léger WOW Index results for Videotron, Fizz and Freedom) and improved regulatory complaint outcomes (Videotron 6.6% reduction in CCTS complaints; stable complaint levels across the group despite subscriber growth).
TSE:QBR.B 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.B Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | C$54.74 | C$53.43 | -2.39% |
Nov 06, 2025 | C$44.74 | C$45.96 | +2.71% |
Aug 07, 2025 | C$37.73 | C$35.96 | -4.69% |
May 08, 2025 | C$36.62 | C$36.90 | +0.77% |
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 (TSE:QBR.B) report earnings?
Quebecor (TSE:QBR.B) is schdueled to report earning on May 07, 2026, Before Open (Confirmed).
What is Quebecor (TSE:QBR.B) earnings time?
Quebecor (TSE:QBR.B) 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.B EPS forecast?
TSE:QBR.B EPS forecast for the fiscal quarter 2026 (Q1) is 0.94.