Earnings Call Summary | COGECO INC(CGECF.US) Q2 2024 Earnings Conference
Earnings Call Summary | COGECO INC(CGECF.US) Q2 2024 Earnings Conference
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.The following is a summary of the Cogeco Inc. (CGECF) Q2 2024 Earnings Call Transcript:
以下是Cogeco Inc.（CGECF）2024年第二季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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.
Cogeco Inc. '受Cogeco Communications業績的影響，2024年第二季度收入下降了0.6％，息稅折舊攤銷前利潤下降了1％。
加拿大企業Cogeco Connexion的收入略有增長1.4％，這主要是由於互聯網服務客戶群的增加和對oxio的收購。
美國業務Breezeline的收入下降了2.8％，這主要是由於視頻訂閱量減少和客戶群減少。但是，由於毛利率的提高，其息稅折舊攤銷前利潤增長了0.5％。
Business Progress:
業務進展：
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%.
Cogeco Connexion以oxio品牌繼續大量增加互聯網用戶。
Breezeline Mobile計劃於今年春季推出，預計這將提高產品組合和客戶保留率。
第二季度網絡新增了約19,000套住房，這意味着自22財年初以來，有機網絡增長增長了8％。
Cogeco Media在新的數字解決方案和多平台音頻內容方面取得了進展，開闢了新的收入可能性。
正在努力優化資本支出，預計支出將是季節性的。
加拿大移動虛擬網絡運營商接入的談判正在進行中，以向客戶提供無線選項。
在加強俄亥俄州的運營、網絡容量、IPTV解決方案的部署以及銷售和營銷工作方面，已經進行了運營改進。
該公司收購了尼亞加拉地區寬帶網絡，預計將使CCX的收入增加1％。
More details: COGECO INC IR
更多詳情： COGECO INC IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。
