Canada's Tucows Inc Q3 revenue rises 1.4% on Ting segment strength
TCX•Tucows reported Q3 revenue of $100 million, up 1.4% year over year, with growth attributed in part to its Ting segment. Adjusted EBITDA grew 40%, mainly driven by a non-recurring mobile contract re-rate; the company retired $149.3 million in Ting preferred units and repaid $6 million on its syndicated loan.
1. Quarterly results
Tucows reported Q3 revenue of $100 million, up 1.4% year over year, and said Ting segment growth contributed to the increase. Adjusted EBITDA grew 40% year over year.
2. Contract and debt
The company said gross profit and Adjusted EBITDA growth were mainly driven by a large, non-recurring re-rate following renegotiation of its mobile contract within the Corporate segment. Tucows retired $149.3 million in Ting preferred units and repaid $6 million on its syndicated loan.
3. 2026 guidance
Tucows said it remains on track for its 2026 guidance.
