Cogeco revenue up 14% in Q4 2022; Radio ad market impacted by supply chain disruptions

CEO calls CRTC decision restricting those qualifying under MVNO framework “unfortunate” MONTREAL – Cogeco announced its fourth quarter 2022 financial results last night, showing revenue was up 14% year-over-year, while earlier today, on an investor’s call, its president and CEO Philippe Jetté outlined the company’s next steps towards launching wireless. Financial results In terms of its Q4 2022 financial results, Cogeco reported revenue of $746.9 million. The company also reported adjusted EBITDA increased 18.7% to $348.5 million. Cogeco’s Canadian telecommunications revenue alone increased 1.1% and adjusted EBITDA increased 6.4% year-over-year, “mainly resulting from lower marketing expenses and certain year-end adjustments,”...