Cogeco reports revenues up, profits flat for Q1

MONTRÉAL – Cogeco Inc. reported its first quarter 2022 results today, which show its revenue increased by 15.3% to $745.3 million compared to the previous year while profits declined 1.1% to $119.1 million. Cogeco also reported adjusted EBITDA increased 10.4% to $354.4 million. On a constant currency basis, for the quarter ended Nov. 30, Cogeco reported revenues were up 18% compared to the previous year, mainly due to an increase in American broadband services revenue by 31% in constant currency, an increase in Canadian broadband services revenue by 8.2% and a decrease in revenue from media activities by 2.6%, according...