Tucows Q2 revenue up 10%, net loss narrows

Reuters08-08
<a href="https://laohu8.com/S/TCX">Tucows</a> <a href="https://laohu8.com/S/QTWO">Q2</a> revenue up 10%, net loss narrows

Overview

  • Tucows Q2 revenue up 10% to $98.5 mln, driven by strong segment performance

  • Net loss narrows to $15.6 mln

  • Adjusted EBITDA rises 37% to $12.6 mln, aided by revenue growth and cost control

Outlook

  • Tucows focuses on improving capital and operational efficiency

  • Company highlights Ting's shift to a capital-light model

  • Tucows emphasizes AI-driven efficiencies across the company

Result Drivers

  • SEGMENT PERFORMANCE - Revenue growth driven by strong performance in Wavelo, Tucows Domains, and Ting

  • COST DISCIPLINE - Rigorous cost control and capital-light model at Ting contributed to Adjusted EBITDA growth

  • LEASE IMPACT - Ting's gross margin affected by a one-time non-cash lease expense adjustment

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

$98.46 mln

Q2 Net Income

-$15.64 mln

Q2 Adjusted EBITDA

$12.58 mln

Q2 Gross Profit

$22.11 mln

Press Release: ID:nCNWW6WqBa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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