Shaw’s revenues, net income up in Q1 2022

CALGARY — Shaw Communications today announced its financial results for the first quarter of its 2022 fiscal year, which shows the company’s consolidated revenue increased year-over-year by 1.2% to $1.39 billion, adjusted EBITDA grew 4.3% to $633 million and net income increased 20.2% to $196 million. For the quarter ended Nov. 30, 2021, Shaw added 55,582 new wireless customers, with postpaid net additions of 36,089 “driven by the continued momentum of Shaw Mobile,” says a press release announcing the company’s Q1 2022 results. The company had 19,493 prepaid net additions in the quarter. Overall, Shaw’s wireless revenue in Q1 2022...