tiprankstipranks
Company Announcements

Quebecor Reports Strong 2024 Financial Results

Quebecor Reports Strong 2024 Financial Results

Quebecor Class B ( (QBCRF) ) has released its Q4 earnings. Here is a breakdown of the information Quebecor Class B presented to its investors.

Quebecor Inc. is a leading Canadian telecommunications and media company, known for its diverse operations in telecommunications, entertainment, news media, and culture, with a strong presence across Canada. In its latest earnings report for 2024, Quebecor demonstrated robust financial performance, with significant increases in cash flows, adjusted EBITDA, and net income. The company’s telecommunications segment, bolstered by the acquisition of Freedom Mobile, showed notable growth, while media and sports segments also contributed positively to the overall results. Key highlights include a 17.6% rise in operating cash flows and a 5.8% increase in adjusted EBITDA, alongside strategic expansions in service areas and technology upgrades. Looking ahead, Quebecor remains focused on expanding its telecommunications footprint across Canada, enhancing customer experience, and maintaining financial discipline to drive long-term value.

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1