EarningsQ3 2026 Earnings Report
DE:76E Q3 2026 EPS Results
Actual EPS€1.94
Consensus EPS€1.66
Beat/MissBeat by +€0.28
One Year Ago EPS€1.50
DE:76E Q3 2026 Revenue Results
Actual Revenue€453.07M
Expected Revenue€454.40M
Beat/MissMissed by -€1.33M
YoY Revenue Growth-4.53%
Earnings Announcement Details
QuarterQ3 2026
Date07/15/2026
TimeAfter Close
Conference CallWednesday, July 15, 2026
DE:76E Upcoming Earnings
Cogeco Inc. SV's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q3 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call contained a mix of operational wins—notably strong free cash flow, steady Canadian EBITDA growth, traction in digital and wireless brands (OXIO and Welo), and tax/balance sheet actions—alongside significant U.S. challenges, highlighted by a large non-cash impairment, continued ARPU pressure, and near-term subscriber losses in the U.S. Management emphasized multi-quarter fixes (wireless, Welo, AI/transformation) and capital optimization, but expects the U.S. to remain a drag in the near term. Overall the positives (cash generation and Canadian performance/strategic initiatives) are balanced by material U.S. negatives (impairment and ongoing decline), resulting in a balanced/neutral tone.Company Guidance
Strong Free Cash Flow Generation
Generated CAD 169 million in free cash flow in Q3 and a cumulative CAD 450 million after three quarters, attributed to transformation initiatives and tight capital allocation discipline.
Consistent Canadian Operating Momentum
Canadian business delivered positive year-on-year adjusted EBITDA growth for a third consecutive quarter; management estimates underlying Canadian adjusted EBITDA growth of roughly 2.0%–2.5% excluding one-time items.
Digital and Wireless Growth Engines Performing Well
OXIO digital business showing very high customer satisfaction and referral rates; wireless sales ahead of plan and fixed-mobile convergence already producing measurable churn benefits (not yet material at the consolidated level).
Welo Early Traction in Ohio
Welo brand fully rolled out across the Ohio footprint with high customer satisfaction and nearly 50% of new sales coming from referrals, indicating strong organic growth potential as the brand scales.
Tax and Balance Sheet Improvements
Retroactive tax depreciation adjustment produced a CAD 4.5 million favorable current tax impact this quarter (in addition to CAD 14.8M last quarter); management now assumes fiscal 2026 current income tax expense of CAD 25 million versus prior ~CAD 40 million (a ~37.5% decrease in the assumed current tax expense).
Active Debt Management
Consolidated debt leverage at 3.2x at quarter end; repurchased USD 21 million of Term Loan B debt during the quarter and plan to continue using excess U.S. cash to repurchase TLBs.
Capital Efficiency Initiatives
Plans to optimize CapEx and procurement efficiencies (grouping Canada/U.S. purchasing, increased self-installs) and target CapEx intensity below 20%, historically running around 18%–19%.
DE:76E Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed