MONTREAL – Cogeco Inc. reported a loss of $1.8 billion during the third quarter, compared with a profit of $74 million during the same period a year earlier.
That amounted to a diluted loss of $42.84 per share, compared with diluted earnings per share of $2.13 last year.
The company says the loss was mainly due to non-cash pre-tax impairment charges recognized during the quarter.
In June, Cogeco Communications Inc. and Cogeco announced expectations to take an impairment charge of about $1.7 billion related to its U.S. telecommunications segment.
Cogeco reported its revenue for the third quarter reached $724.2 million, down year-over-year from $758.5 million.
Cogeco Communications Inc., the company’s cable and internet subsidiary, reported a third-quarter loss of $1.7 billion, compared with a profit of $73.3 million during the prior year quarter.
This report by The Canadian Press was first published July 15, 2026.
Companies in this story: (TSX: CGO)
