MONTREAL – Cogeco Inc. reported a profit attributable to shareholders of $18.2 million in its second quarter, down from earnings of $24.0 million during the same period a year earlier.
Revenues for the quarter ended Feb. 28 were $753.2 million, slightly up from $751.9 million during the same quarter in 2024.
Meanwhile, Cogeco’s cable and internet subsidiary says profit attributable to shareholders was $74.7 million, down about 20 per cent from $93.7 million.
Cogeco Communications Inc. says its revenue for the second quarter was $732.4 million, slightly up from $730.5 million.
Frédéric Perron, president and CEO of both, says the results show the company’s new operating model is gaining traction.
He said internet subscriber growth in Canada remained strong, with modest improvements in internet subscriber metrics in the U.S.
This report by The Canadian Press was first published April 9, 2025.
Companies in this story: (TSX:CGO)
