Tucows Inc. has reported its unaudited financial results for the first quarter ended March 31, 2025. The company achieved consolidated net revenue of $94.6 million, marking an 8.2% increase from the $87.5 million recorded in the first quarter of 2024. Gross profit saw a significant rise of 28.5%, reaching $23.5 million compared to $18.3 million in the same period the previous year. The net loss for the first quarter of 2025 narrowed considerably to $15.1 million, compared to a net loss of $26.5 million for the first quarter of 2024. This improvement was attributed to strong revenue growth across all three of Tucows' businesses and cost optimization efforts, which also contributed to a reduction in the company's syndicated debt. These financial results underscore the progress Tucows is making towards long-term improvement and sustainability in its operations.
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