Quebecor Third-Quarter Revenue Rises 3.5% to C$1.45 Billion; Net Income Attributable to Shareholders Up 25.5% to C$296.4 Million as Mobile Connections Post Reco
Quebecor Inc. reported its consolidated financial results for the third quarter of 2026 on November 5. According to the company's official earnings release, revenues were C$1,454.7 million, up C$49.2 million or 3.5% year over year; adjusted EBITDA was C$706.7 million, up C$78.6 million or 12.5%; and adjusted cash flows from operations were C$529.7 million, up 14.6%. The release said the results primarily reflect the strong performance of the Telecommunications and Media segments, as well as a favourable impact of C$31.5 million related to stock-based compensation.
Net income attributable to shareholders was C$296.4 million, or C$1.33 per basic share, an increase of C$60.3 million or 25.5%. Adjusted net income was C$294.1 million, or C$1.32 per basic share, up 21.7%. Free cash flows were C$422.3 million, compared with C$443.9 million a year earlier.
In the Telecommunications segment, revenues rose 4.2% to C$1,267.6 million, including growth of 9.6% (C$43.1 million) in mobile telephony service revenues and 3.0% (C$9.3 million) in Internet access service revenues. Mobile telephony posted a net increase of 136,700 subscriber connections, or 3.0%, the largest quarterly increase since the launch of the mobile service in 2010, and mobile average revenue per unit rose 2.9%, or C$1.03, marking a fourth consecutive quarterly increase. In the Media segment, adjusted EBITDA increased by C$16.3 million, or 69.7%, with TVA Group reporting adjusted EBITDA of C$32.8 million, up C$14.3 million.
The consolidated net debt leverage ratio decreased to 2.69x, which the release said remains the lowest among Canada's major telecommunications providers. Videotron repaid C$200 million under its term credit facility during the quarter and a further C$100 million on October 6, 2026, reducing the facility balance from C$400 million to C$100 million. On November 4, the board declared a quarterly dividend of C$0.45 per share, payable on December 15, 2026 to shareholders of record at the close of business on November 20, 2026. President and Chief Executive Officer Pierre Karl Péladeau said in the release that consolidated net debt was reduced by more than C$220 million in the third quarter.
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Source: Quebecor Inc
Published by GSM · USA (original Chinese edition)
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