Refile: Canada's Tucows Q2 gross profit rises on Ting margin gains, net loss widens
REFILE-Canada's Tucows Q2 gross profit rises on Ting margin gains, net loss widens Corrects headline to add reason
Overview
Canada internet services firm's Q2 revenue rose 2% yr/yr, driven by Ting segment growth
Gross profit for Q2 increased 17% yr/yr, led by margin gains from Ting
Company posted wider net and adjusted net losses compared to Q2 2025
Outlook
Company did not provide specific financial guidance in the press release
Result Drivers
TING SEGMENT - Co said revenue and margin gains from Ting drove overall revenue and gross profit growth
NETWORK EXPENSES - Co said lower network expenses contributed to gross profit expansion yr/yr
LEGACY MOBILE & WAVELO INVESTMENT - Obligations from legacy mobile business and investment in Wavelo sales and marketing offset some Ting gains
Company press release: ID:nPn5HFZkDa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $100.60 mln |
|
Q2 Net Loss |
| $20.50 mln |
|
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
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