Overview
Tucows Q2 revenue up 10% to $98.5 mln, driven by strong segment performance
Net loss narrows to $15.6 mln
Adjusted EBITDA rises 37% to $12.6 mln, aided by revenue growth and cost control
Outlook
Tucows focuses on improving capital and operational efficiency
Company highlights Ting's shift to a capital-light model
Tucows emphasizes AI-driven efficiencies across the company
Result Drivers
SEGMENT PERFORMANCE - Revenue growth driven by strong performance in Wavelo, Tucows Domains, and Ting
COST DISCIPLINE - Rigorous cost control and capital-light model at Ting contributed to Adjusted EBITDA growth
LEASE IMPACT - Ting's gross margin affected by a one-time non-cash lease expense adjustment
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | $98.46 mln | ||
Q2 Net Income | -$15.64 mln | ||
Q2 Adjusted EBITDA | $12.58 mln | ||
Q2 Gross Profit | $22.11 mln |
Press Release: ID:nCNWW6WqBa
(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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