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Sep 30, 2021
Tucows Q3 2021 Earnings Report
Tucows' financial performance remained solid, driven by consistent domain services, growing MSE platform contribution, and strong progress in fiber internet services.
Key Takeaways
Tucows reported a revenue increase of 2.1% to $75.9 million, driven by growth in Fiber Internet Services and Mobile Platform Services, offset by the absence of Ting Mobile MVNO revenue. Net income increased by 92.0% to $1.4 million, or $0.13 per share. The company saw growth in serviceable addresses and subscribers in its Fiber Internet Services business.
Net revenue increased by 2.1% to $75.9 million compared to Q3 2020.
Net income increased to $1.4 million, or $0.13 per share, compared to $0.7 million, or $0.07 per share, in Q3 2020.
Fiber Internet Services saw a 48% increase in serviceable addresses and a 67% increase in subscribers.
Mobile Services results reflect the growing contribution of the new MSE Platform business.
Revenue by Segment
Forward Guidance
The release includes forward-looking statements regarding expectations for future financial results and growth of Ting Internet. These statements are based on management’s current expectations and are subject to risks and uncertainties.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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