The following is a summary of the Cogeco Inc. (CGECF) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Cogeco Inc.'s Q2 2024 revenue decreased by 0.6% with a drop in EBITDA by 1% influenced by the performance of Cogeco Communications.

• Cogeco Connexion, the Canadian business, had a slight increase in revenue by 1.4% mostly from increased internet service customer base and the oxio acquisition.

• The American business, Breezeline faced a drop in revenue by 2.8% mainly due to lower video subscriptions and a reduced customer base. However, its EBITDA increased by 0.5% due to a higher gross margin.

Business Progress:

• Continued robust internet subscriber additions under the oxio brand at Cogeco Connexion.

• Breezeline Mobile plans to launch this spring, which is expected to enhance the product mix and customer retention.

• Approximately 19,000 new homes added to the network in Q2, representing an 8% increase in organic network growth since beginning fiscal '22.

• Cogeco Media made progress with new digital solutions and multiplatform audio content opening new revenue possibilities.

• Efforts are ongoing to optimize CapEx, with spending expected to be seasonal.

• Negotiations are in progress for MVNO access in Canada to offer customers wireless options.

• Operational improvements have been made in strengthening operations, network capacity, IPTV solutions deployment, and sales and marketing efforts in Ohio.

• The company acquired Niagara Regional Broadband Network, expected to increase CCX's revenue by 1%.

More details: COGECO INC IR

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