Quebecor revenue falls slightly for Q1 2022

CEO says they are looking with “increasing favour” on expanding their wireless business MONTREAL – Quebecor today reported its first quarter 2022 financial results, showing revenues fell by 0.3% to $1.1 billion, compared to the first quarter of 2021. Adjusted EBITDA was also down, with the company reporting it decreased by 2.3% to $442.1 million. Quebecor’s telecommunications segment reported revenues declined to $903.4 million in Q1 2022, compared to $914 million in Q1 2021 and adjusted EBITDA for the segment was reported to be $460 million in Q1 2022, compared to $450.9 million in the same quarter last year. Videotron...