Cogeco sees 16.3% increase in revenue in Q3 2022

MONTREAL – Cogeco Inc.’s third quarter revenue increased 16.3% year-over-year to $754.8 million, according to the company’s financial results for the quarter ended May 31, 2022, announced yesterday. On a constant currency basis, the company saw an increase in revenue of 14.9%. “American broadband services revenue increased by 31.7% in constant currency, mostly resulting from the Ohio broadband systems acquisition completed on September 1, 2021 and organic revenue growth driven by a higher Internet service customer base, higher value product mix and annual rate increases implemented for certain services,” a press release explains. “Canadian broadband services revenue increased by 2.5%...