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Sep 30, 2020
Tucows Q3 2020 Earnings Report
Tucows' financial performance decreased due to the sale of Ting Mobile customer relationships to DISH and the absence of a bulk domain sale.
Key Takeaways
Tucows reported a decrease in net revenue and gross profit for Q3 2020, primarily due to the sale of its Ting Mobile customer relationships to DISH and the absence of a bulk domain sale from the previous year. Excluding the Mobile Services business and the bulk domain sale, net revenue for the combined Domains and Ting Internet businesses increased by 2% year over year.
Net revenue decreased by 16% year over year to $74.3 million.
Gross profit decreased by 28% year over year to $19.9 million.
Net income decreased to $0.7 million, or $0.07 per share, compared to $4.2 million, or $0.40 per share, in Q3 2019.
Adjusted EBITDA decreased to $13.3 million compared to $14.8 million in Q3 2019.
Revenue by Segment
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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