Cogeco Q2 Earnings Call Highlights

1 week ago 12

MarketBeat

Mon, April 13, 2026 astatine 10:43 AM CDT 8 min read

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Cogeco reported solid Canada performance with year‑over‑year gross and adjusted EBITDA maturation and beardown net nett adds, and absorption is "cautiously optimistic" arsenic promotional strength eases and pricing actions instrumentality effect.
The U.S. concern remains nether important competitory unit (aggressive promotions, fibre upgrades), though executives noted aboriginal signs of stabilization and launched the caller integer marque WELO successful Ohio; the institution updated its constant‑currency guidance to revenue -2% to +4% and adjusted EBITDA -1.5% to +3.5%, and a CAD 14.8m taxation depreciation payment cuts the expected existent taxation complaint to ~8.5%.
Cogeco's three‑year translation is shifting from outgo savings to gross initiatives—expanding oxio/WELO and wireless and accelerating AI deployments for end‑to‑end troubleshooting and churn/discount optimization—while leverage was 3.2x and absorption aims to scope 3.0x by year‑end with the dividend described arsenic well‑funded.
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Cogeco (TSE:CGO) executives struck an upbeat code connected the company’s second-quarter fiscal 2026 net call, highlighting continued maturation successful Canada, aboriginal signs of stabilization successful the U.S., and advancement connected a multi-year translation program that is progressively expanding from outgo actions into revenue-focused initiatives specified arsenic artificial quality tools.

President and CEO Frédéric Perron said the institution delivered “solid show successful Canada with affirmative year-on-year growth” successful some gross and adjusted EBITDA, portion noting that PSU maturation was “a spot much muted arsenic expected.” Perron said Cogeco remains assured successful its lawsuit momentum, pointing to its show successful net nett adds: “In 3 of the past 4 quarters, we’ve had the champion net lawsuit basal percent maturation successful each of Canadian telecom.”

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On competitory conditions successful Canada, Perron said the institution mostly feels bully astir the market, citing reduced promotional strength and pricing actions taken by the company. “There has been a spot of pullback successful promotional intensity,” helium said, adding that Cogeco has “also accrued our prices arsenic appropriate.” Perron characterized absorption arsenic “cautiously optimistic” astir the Canadian marketplace for the equilibrium of the year.

In the U.S., Perron acknowledged conditions remained hard successful the reported quarter, accordant with anterior warnings. However, helium said absorption present sees “signs of improvement” arsenic the institution moves into the 2nd fractional of the fiscal year.

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