CALAMOS GLOBAL TOTAL RETURN FUND
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See all $CGO insider activity →Cogeco (TSE: CGO) reported a fiscal Q3 loss of $1.8 billion versus a $74 million profit a year earlier, driven mainly by a $1.7 billion impairment charge tied to its U.S. telecom business, according to the company. Revenue fell to $724.2 million from $758.5 million. Loss per share was $42.84 versus EPS of $2.13.
Cogeco Inc. (TSX: CGO) reported Q3 fiscal 2026 results for the quarter ended May 31, 2026. Revenue fell 4.5% to $724.2M and adjusted EBITDA fell 2.9% to $357.0M, though Canadian telecom adjusted EBITDA rose 3.9%. The company recorded $2.2B non-cash impairment charges in U.S. telecom. Free cash flow rose 15.7% to $170.7M. It also declared a quarterly dividend of $0.987 per share.
Cogeco Inc. (TSX:CGO) reported a Q3 loss of $1.8 billion, or diluted loss of $42.84 per share, versus a year-ago profit of $74 million. The company attributed the loss mainly to $2.2 billion in non-cash pre-tax impairment charges in its U.S. telecom segment. U.S. telecom revenue fell 10% and Cogeco cited competitive pricing and subscriber shifts; overall revenue was $724.2 million.
Recent CGO coverage spans earnings and financial news.
The impairment charge signals deteriorating U.S. telecom asset values, likely pressuring earnings quality and near-term sentiment.
Earnings show weaker consolidated revenue and EBITDA, but improved free cash flow and a higher dividend, with the key swing factor being large U.S. telecom impairments.
The impairment and weaker U.S. revenue signal elevated downside risk to U.S. cash flows and valuation, while Canada remains steadier.
U.S. cable/wireless impairment and weaker Q4 outlook increase downside risk to earnings and cash flow, especially in the U.S. segment.
Upcoming earnings with a large previously guided impairment can shift expectations for reported earnings power and balance-sheet optics.
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Cogeco (TSE: CGO) reported a fiscal Q3 loss of $1.8 billion versus a $74 million profit a year earlier, driven mainly by a $1.7 billion impairment charge tied to its U.S. telecom business, according to the company. Revenue fell to $724.2 million from $758.5 million. Loss per share was $42.84 versus EPS of $2.13.
2 min readCogeco Inc. (TSX: CGO) reported Q3 fiscal 2026 results for the quarter ended May 31, 2026. Revenue fell 4.5% to $724.2M and adjusted EBITDA fell 2.9% to $357.0M, though Canadian telecom adjusted EBITDA rose 3.9%. The company recorded $2.2B non-cash impairment charges in U.S. telecom. Free cash flow rose 15.7% to $170.7M. It also declared a quarterly dividend of $0.987 per share.
4 min readCogeco Inc. (TSX:CGO) reported a Q3 loss of $1.8 billion, or diluted loss of $42.84 per share, versus a year-ago profit of $74 million. The company attributed the loss mainly to $2.2 billion in non-cash pre-tax impairment charges in its U.S. telecom segment. U.S. telecom revenue fell 10% and Cogeco cited competitive pricing and subscriber shifts; overall revenue was $724.2 million.
4 min readCogeco Inc. (TSE:CGO) discussed Q3 results on an earnings call. Management said U.S. cable faces “significant turbulence” and recorded a non-cash U.S. impairment of CAD 1.8B ($1.3B) goodwill plus a CAD 26M pretax intangible impairment. It expects weaker U.S. Q4 revenue and adjusted EBITDA, with a material rise in customer losses, while citing wireless, Welo and AI as improvement levers.
5 min readThe Canadian Press lists five upcoming items. ARC Resources shareholders vote Tuesday on Shell’s stock-and-cash acquisition valued at $22B including assumed debt. The Bank of Canada meets Wednesday, expected to hold its 2.25% rate. WestJet flight attendants’ strike vote ends Wednesday. Cogeco/ Cogeco Communications report Q3 Wednesday, with a $1.7B impairment expected. Canada housing data: CREA sales Wednesday and CMHC starts Thursday.
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