Quebecor Releases Impressive Q3 2026 Financial Results with Significant Growth in Telecom and Media Sectors

Quebecor Inc. Reports Strong Financial Performance for Q3 2026

Quebecor Inc. has released its consolidated financial results for the third quarter of 2026, depicting a robust performance with significant growth across its operations. The company reported a remarkable $67.3 million increase in adjusted cash flows from operations, a 14.6% rise compared to the same quarter in 2025, elevating the total to $529.7 million. Additionally, adjusted EBITDA surged by $78.6 million, marking a 12.5% growth to reach $706.7 million, while total revenues climbed by $49.2 million, a 3.5% increase, reaching $1.45 billion.

The impressive results are primarily driven by the strong performance within the Telecommunications and Media segments, along with a favorable impact of $31.5 million from stock-based compensation. The Telecommunications sector alone witnessed a substantial $34.7 million rise in adjusted cash flows from operations (7.9%), alongside a $51.4 million increase (4.2%) in revenues, including significant growth in mobile telephony services.

Mobile telephony saw a notable net increase of 136,700 subscriber connections – the most extensive quarterly uplift since the launch of the mobile service in 2010. Specifically, mobile service revenues rose by $43.1 million, demonstrating a 9.6% growth margin. In addition, the average monthly mobile revenue per unit (mobile ARPU) saw a 2.9% increase, marking the fourth consecutive quarterly rise and indicating a consistent improvement in revenue per subscriber.

Further encouraging results came from the Media segment, which reported a remarkable adjusted EBITDA increase of $16.3 million, a substantial growth of 69.7%, while the Sports and Entertainment sector experienced a slight decline of $0.9 million (6.0%). Overall, Quebecor's net income attributable to its shareholders reached $296.4 million, translating to $1.33 per basic share – a striking increase of $60.3 million or 25.5% from the previous year.

The adjusted net income climbed to $294.1 million, representing a 21.7% increase, echoing the positive financial trajectory. This financial uplift led to a decrease in Quebecor's consolidated net debt leverage ratio to 2.69x, underscoring the solid financial standing of Quebecor, which remains the lowest among its peers within Canada’s major telecommunications industry.

Significantly, on September 3, 2026, Quebecor secured a 12-year sublicensing agreement with Rogers Communications for the French-language broadcast rights to NHL games, effective from the 2026-2027 season. This strategic move will further solidify TVA Sports' position as the leading destination for NHL viewing in the French language across both Quebec and Canada, while also integrating the illico+ platform into the broadcasting ecosystem.

Additionally, on October 1, 2026, Quebecor's subsidiary Videotron announced the expansion of its wireless subscription area, thereby providing more than 25,000 residents in communities across regions such as Abitibi-Témiscamingue and Saguenay–Lac–Saint–Jean with better access to competitive mobile service.

Quebecor demonstrates its continued commitment to innovation and expansion within the telecommunications sector, evidenced by the advancements made to its 5G and 5G+ networks. Freedom Mobile announced that access to their 5G+ network would now be available at no additional cost to customers on all plans, thereby improving connectivity for over 500,000 additional Canadians.

During the third quarter of 2026, Videotron successfully repaid $200 million under its term credit facility, further enhancing its debt management strategy. Quebecor’s Chief Executive Officer, Pierre Karl Péladeau, commended the corporation's impressive quarterly performance, highlighting the increases in operations, disciplined financial practices, as well as the strength of its balance sheet.

With the momentum gained in Q3 2026, Quebecor looks to continue its trajectory of growth while solidifying its standing as a premier telecommunications provider, employing over 11,000 individuals and working towards providing unparalleled customer experiences across its various platforms.

For investors seeking to delve deeper into Quebecor's financials, the full management discussion and analysis, along with condensed financial statements, can be found on Quebecor's official website, further evidencing the corporation’s transparency and commitment to stakeholders.