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.
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.
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