Canada's Quebecor Q2 revenue rises, raises dividend

Quebecor

06/08/2026 11:19

Overview
Canada telecom and media firm's Q2 revenue rose 4.3% yr/yr to C$1.44 bln
Adjusted net income for Q2 increased 6.4% to C$241.3 mln
Company raised quarterly dividend by 12.5% and renewed share buyback program

Outlook
Quebecor says it will continue investing in growth-enabling technologies and network upgrades
Company says Freedom is pressing ahead with expansion in Western Canada
Quebecor says it will maintain disciplined capital allocation and steady debt reduction

Result Drivers
TELECOM GROWTH - Co said Q2 revenue and adjusted EBITDA were driven by increases in mobile and Internet services in the Telecommunications segment
MOBILE EXPANSION - Co said steady growth in mobile subscriber base and higher average monthly mobile revenue per user contributed to results
MEDIA SEGMENT PERFORMANCE - Co said improved profitability in Media segment was driven by TVA Sports channel, boosted by NHL playoffs and higher carriage rates

Company press release: ID:nPn8vMfB4a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
 
C$275.50 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the integrated telecommunications services peer group is "buy"
Wall Street's median 12-month price target for Quebecor Inc is C$70.50, about 11.1% above its August 5 closing price of C$63.45
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)