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Quebecor Inc. Reports Strong Financial Growth in Third Quarter 2026

Montréal, November 5, 2026 – Quebecor Inc. has published its consolidated financial outcomes for the third quarter of 2026, revealing robust growth across its operations.

Financial Highlights

During the third quarter, Quebecor recorded a remarkable increase in adjusted cash flows from operations, which surged by $67.3 million, a 14.6% rise over the same period in 2025, reaching a total of $529.7 million. Additionally, the adjusted EBITDA rose to $706.7 million, reflecting an increase of $78.6 million or 12.5%. The total revenues also saw a rise of $49.2 million, marking a 3.5% increase, culminating in earnings of $1.45 billion. These positive developments can be primarily attributed to the exceptional performance demonstrated by both the Telecommunications and Media segments, alongside a favorable impact of $31.5 million originating from stock-based compensation.

Telecommunications Segment Performance

The Telecommunications segment stood out with its impressive results, showcasing a growth of $34.7 million (7.9%) in adjusted cash flows from operations, $45 million (7.5%) in adjusted EBITDA, and a revenue increase of $51.4 million (4.2%). This growth was driven mainly by mobile telephony service revenue, which climbed $43.1 million (9.6%), alongside a $9.3 million (3.0%) uptick in Internet access service revenues. The mobile average revenue per unit (ARPU) also saw an upward move of 2.9% for the fourth consecutive quarter, reflecting the effectiveness of Quebecor's strategies in enhancing subscriber engagement.

Furthermore, the company recorded a significant net increase of 136,700 subscriber connections in mobile telephony, representing a notable growth rate of 3.0%. This marks the highest quarterly growth in connections since Quebecor launched its mobile service back in 2010.

Media and Sports Segment Developments

The Media segment of Quebecor also delivered stellar results, with an adjusted EBITDA increase of $16.3 million (69.7%). However, the Sports and Entertainment segment reported a slight decrease of $0.9 million (6.0%). Despite the challenges, the Media segment successfully maintained its market leadership, capitalizing on cost-reduction initiatives and benefiting from increased subscription revenues at TVA Sports.

Pierre Karl Péladeau, President and CEO of Quebecor, expressed pride in these results, highlighting the company’s commitment to delivering exceptional service while ensuring financial discipline. He noted the sustained contributions from the Telecommunications and Media segments as key drivers of this success, underscoring the robust balance sheet that allows Quebecor to decrease its consolidated net debt by over $220 million in the quarter, achieving a net debt leverage ratio of 2.69x, the lowest among major telecom providers in Canada.

Strategic Partnerships and Future Outlook

On September 3, 2026, Quebecor entered into a significant 12-year sublicensing agreement with Rogers Communications for French-language broadcast rights to NHL games, reinforcing its strategic position in the broadcasting landscape. Concurrently, on October 1, 2026, Videotron Ltd. announced its expansion of wireless subscription offerings to various communities across multiple regions, enhancing service access for over 25,000 residents, which signifies Quebecor's dedication to broadening its market reach and improving competitiveness.

Additionally, Freedom Mobile is enhancing its offerings by providing 5G+ access at no extra cost to customers, a move expected to elevate connectivity for over 500,000 users across key Canadian provinces. Quebecor’s commitment to investing heavily in network performance and coverage further highlights the company’s long-term vision and strategic execution.

Conclusion

In conclusion, Quebecor Inc.'s third quarter performance in 2026 showcases commendable financial growth and strategic advancements in the telecommunications and media sectors. The company is positioned favorably for continued success as it aims to expand its market presence and deliver value for stakeholders amid evolving industry dynamics. This strong trajectory signifies Quebecor's robust operational framework and commitment to navigating the challenges ahead, ensuring sustainable growth within the competitive telecom landscape.

For detailed financial discussions, investors can tune into Quebecor's conference call scheduled for November 5, 2026, at 9:00 a.m. EST, which will cover the results and future outlook.