Shaw revenue falls 2.1% in Q3 2022

Cabinet declined to consider petition to set aside CRTC decision on Rogers merger CALGARY – Shaw Communications announced today its financial results for Q3 2022, which shows revenue decreased 2.1% to $1.35 billion, compared to the same quarter the previous year. The financial results for the quarter ended May 31, 2022, further show adjusted EBITDA increased slightly (0.3%) to $644 million compared to Q3 2021, while net income decreased 42.7% to $203 million. “The prior year period included incremental Wireline Consumer revenue of approximately $20 million related to the release of a provision following the decision on final aggregated Third Party...