13:06:28 EDT Mon 20 May 2024
Enter Symbol
or Name
USA
CA



Quebecor Inc
Symbol QBR
Shares Issued 153,965,202
Close 2023-08-11 C$ 34.10
Market Cap C$ 5,250,213,388
Recent Sedar Documents

FP says Quebecor earnings surge on addition of Freedom

2023-08-11 09:23 ET - In the News

The Financial Post reports in its Friday, Aug. 11, edition that Quebecor posted a 25.4-per-cent increase in second quarter revenue and a surge in earnings on Aug. 10 as it released its first financial results since taking over Freedom Mobile. The Post's Denise Paglinawan writes that Quebecor said the gains, which drove revenue to $1.4-billion for the three-month period that ended June 30, were due to the impact of Freedom and growth in mobile and Internet services. Adjusted earnings before interest, taxes, depreciation and amortization were $605.2-million, a 23.2-per-cent increase from the previous quarter and in line with analyst expectations. Before buying Freedom, Quebecor only had 20 per cent wireless coverage. The acquisition has allowed Videotron, its telecommunications subsidiary, to enter the British Columbia and Alberta markets and strengthen its position in the Ontario market, it said. Quebecor now has over 3.6 million subscriber connections in its mobile telephony service, an additional 124,700 or 7.5-per-cent increase from the previous year. Its Internet access customer count was up 38,100, a 2.4-per-cent increase, to over 1.7 million customers.

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