The earnings call presented a mixed picture. While there is progress in revenue stabilization and customer acquisition, significant challenges remain with declining revenues and profitability metrics. The company maintains a strong cash position and continues to pay dividends, reflecting some financial stability.
Company Guidance
In the third quarter of 2024, Yellow Pages demonstrated significant progress towards revenue stability, reporting a revenue decrease of 9.4% year-over-year to $52.6 million, an improvement from the previous quarter's decline of 11%. The company highlighted a 36% increase in new customer acquisitions compared to the same quarter last year, which positively impacted their revenue trajectory. Digital revenues saw a smaller decline of 8.7% year-over-year, totaling $42.6 million, while print revenues decreased by 12.4% to $10 million. Despite these declines, the adjusted EBITDA margin was maintained at 23.8%, with adjusted EBITDA for the quarter down 30.1% to $12.5 million, reflecting continued investments in telesales force capacity and product mix changes. The company's cash reserves grew to approximately $43 million by the end of October 2024. Additionally, the Board declared a dividend of $0.25 per common share, payable on December 16, reflecting confidence in their financial strategy and outlook.
Progress Towards Revenue Stability
For the third consecutive quarter, the company reported a favorable bending of the revenue curve, with the rate of change in revenue better than the previous quarter.
Increase in New Customer Acquisition
New customer acquisitions were 36% higher than the same quarter last year, indicating positive momentum in customer growth.
Solid Cash Position
Cash on hand grew to approximately $43 million at the end of October 2024, demonstrating strong cash generation.
Dividend Declaration
The Board declared a dividend of $0.25 per common share to be paid on December 16, 2024.
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Yellow Pages (TSE:Y) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:Y Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 12, 2024
C$10.44
C$10.60
+1.53%
Aug 07, 2024
C$9.20
C$9.23
+0.32%
May 09, 2024
C$9.17
C$9.12
-0.51%
Feb 14, 2024
C$9.13
C$9.76
+6.90%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Yellow Pages Limited (TSE:Y) report earnings?
Yellow Pages Limited (TSE:Y) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Yellow Pages Limited (TSE:Y) earnings time?
Yellow Pages Limited (TSE:Y) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.