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Jun 30, 2021
Tucows Q2 2021 Earnings Report
Reported a solid financial performance with increased revenue and gross margin from Domain Services and Fiber Internet Services businesses.
Key Takeaways
Tucows reported a decrease in net revenue and gross profit due to the sale of its Ting Mobile customer relationships to DISH. Excluding the Mobile Services business, net revenue for the combined Domains Services and Ting Internet businesses increased by 5%. Net income increased significantly, and Adjusted EBITDA decreased slightly due to continued investment in Ting Fiber.
Domain Services and Fiber Internet Services businesses experienced revenue and gross margin increases of 5% and 4%, respectively.
Domain Services benefited from growth in domains under management and focus on maximizing gross margin.
Mobile Services business is progressing as expected.
Ting Internet achieved record performance in key build metrics, with subscriber base growth gaining momentum.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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