Shaw's postpaid net adds in Q2 notably less than prior year’s quarter

CALGARY — Shaw Communications today announced its financial results for the second quarter of its 2022 fiscal year, reporting year-over-year decreases in its consolidated revenue, adjusted EBITDA and net income. For the quarter that ended February 28, 2022, Shaw’s overall revenue decreased by 2% to $1.36 billion, adjusted EBITDA dropped slightly by 0.8% to $632 million, and net income fell 9.7% to $196 million, compared to the same quarter of fiscal 2021. During Q2 2022, Shaw added 16,892 new wireless customers, consisting of 8,632 postpaid net additions and 8,260 prepaid additions. This is notably less than the company’s wireless net...