Cogeco Q1 Earnings Call Highlights

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MarketBeat

Thu, January 15, 2026 astatine 9:27 AM CST 6 min read

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U.S. turnaround showing traction: Breezeline delivered its champion U.S. lawsuit metrics successful 15 quarters with improving subscriber trends (Ohio a standout), but gross fell ~9.9% and adjusted EBITDA declined ~9.1% successful Q1 — absorption expects much meaningful betterment successful the 2nd fractional of fiscal 2026 and is "trending towards" a neutral U.S. EBITDA by year-end.
Canada unchangeable with humble growth: Cogeco Connexion reported unchangeable gross and a 2% summation successful adjusted EBITDA (constant currency), adding 8,900 net subscribers and expanding fiber-to-the-home, portion wireless income are exceeding expectations though not disclosed and near-term wireline adds whitethorn beryllium modest.
Consolidated results and outlook maintained: Consolidated gross fell ~4.9% and adjusted EBITDA ~3.7% (EPS down 12.2%), escaped currency travel declined ~15.9%, nett debt/EBITDA was 3.2x, the quarterly dividend was raised 7% to CAD 0.987, and absorption reiterated full-year fiscal 2026 guidance.
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Cogeco (TSE:CGO) executives said first-quarter fiscal 2026 results were “in enactment with our plan” and reiterated full-year guidance, portion pointing to improving lawsuit metrics successful the company’s U.S. operations and dependable show successful Canada.

President and CEO Frédéric Perron said Cogeco’s U.S. turnaround is “working,” noting that subscriber trends improved for a 2nd consecutive 4th and produced the company’s “best U.S. lawsuit metrics successful the past 15 quarters.” Perron said the company’s extremity is present to turn the lawsuit basal crossed its full U.S. footprint connected a “repeatable basis,” gathering connected advancement successful Ohio.

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He besides emphasized what helium described arsenic structural accidental successful the U.S. market, including debased penetration successful parts of the footprint. “In fractional of our U.S. footprint, our penetration is inactive beneath 20%,” Perron said, adding that the institution is selectively upgrading its web and launched 2.5 gigabit speeds during the quarter. He said Breezeline is besides ramping income channels, strengthening selling capabilities, and plans to motorboat an “oxio-like afloat integer 2nd brand” successful the U.S. adjacent month.

In Canada, Perron described show arsenic “solid and resilient” with affirmative year-over-year EBITDA trends and continued lawsuit growth. He cautioned, however, that wireline contention “got a small heated” during Black Friday and the holidays, starring absorption to expect much humble wireline lawsuit maturation successful the 2nd quarter, though the interaction was described arsenic manageable from a gross perspective.