Cogeco Communications Reports Q4 Results, Forecasts Fiscal 2027 Declines
Cogeco reported positive year-over-year revenue and adjusted EBITDA performance in Canada and re-accelerating Canadian Internet subscriber growth. It forecast fiscal 2027 revenue down low to mid-single digits and adjusted EBITDA down mid to high-single digits on a constant-currency basis, citing U.S. competition.
Cogeco Communications Inc. announced its financial results for the fourth quarter ended August 31, 2026, noting positive year-over-year revenue and adjusted EBITDA performance in Canada alongside a re-acceleration of Canadian Internet subscriber growth. The company also introduced its fiscal 2027 financial guidelines, projecting a low to mid-single-digit percentage decrease in revenue and a mid to high-single-digit percentage decrease in adjusted EBITDA on a constant currency basis, citing competitive pressures in the U.S. market.
Additionally, the company declared a 2% increase in its quarterly dividend to $1.007 per share and announced the launch of a new TV streaming solution for the U.S. market. Management indicated that the third year of its transformation program will prioritize revenue generation and cost efficiencies supported by AI and digital initiatives.