Canada's Tucows Q2 gross profit rises as net loss widens
TCX•Outlook
- Company did not provide specific financial guidance in the press release
Overview
- Canada internet services firm's Q2 revenue rose 2% yr/yr, driven by Ting segment growth
- Gross profit for Q2 increased 17% yr/yr, led by margin gains from Ting
- Company posted wider net and adjusted net losses compared to Q2 2025
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | $100.60 mln | ||
| Q2 Net Loss | $20.50 mln |
Result drivers
- TING SEGMENT - Co said revenue and margin gains from Ting drove overall revenue and gross profit growth
- NETWORK EXPENSES - Co said lower network expenses contributed to gross profit expansion yr/yr
- LEGACY MOBILE & WAVELO INVESTMENT - Obligations from legacy mobile business and investment in Wavelo sales and marketing offset some Ting gains
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