Quebecor Inc

QBR.A

Equity

ISIN CA7481931094 / Valor 698508

Toronto Stock Exchange (2024-12-23)

CAD 31.21-2.47%

Quebecor Inc
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About company

Quebecor Inc is a leading multiplatform media company in Quebec, setting the standard for entertainment, news, and culture in the region. The company's business segment includes TVA Group, which operates television channels, magazines, film and television production services, as well as news media, book publishing, music recording, distribution of cultural products, and advertising sales. Quebecor Sports and Entertainment specializes in the production, dissemination, and promotion of cultural and sporting events, bringing Quebec and international talent to mass audiences in its markets. With its media platforms reaching 99% of Quebecers every week, Quebecor Inc plays a significant role in shaping the cultural landscape of the province.

Summarized from source with an LLMView SourceSector: Telecommunications

Revenue

In the second quarter of 2024, Quebecor Inc. reported revenues of $1.39 billion, which represents a slight decrease of $11.6 million or 0.8% compared to the same period in 2023.

Adjusted EBITDA

Quebecor Inc.'s adjusted EBITDA for the second quarter of 2024 was $624.9 million, marking an increase of $19.7 million or 3.3% from the second quarter of 2023.

Net Income

Quebecor Inc. recorded a consolidated net income attributable to shareholders of $207.6 million ($0.90 per basic share) in the second quarter of 2024, up $33.5 million ($0.15 per basic share) or 19.2% from the same quarter in the previous year.

Adjusted Income from Operations

Adjusted income from operating activities for Quebecor Inc. in the second quarter of 2024 was $205.1 million ($0.89 per basic share), an increase of $22.8 million ($0.10 per basic share) or 12.5% compared to the second quarter of 2023.

Telecommunications Segment

The Telecommunications segment of Quebecor Inc. saw a $14.3 million (1.2%) decrease in revenues, stable adjusted EBITDA, and a $15.7 million (3.4%) decrease in adjusted cash flow from operations in the second quarter of 2024, reflecting sustained investment in the Canada-wide expansion plan.

Summarized from source with an LLMView Source

Key figures

-7.66%1Y

11.1%3Y

-6.75%5Y

Performance

89.5%1Y

69.8%3Y

58.4%5Y

Volatility