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Sep 30, 2024
Tucows Q3 2024 Earnings Report
Tucows' Q3 2024 results reflected strong year-over-year growth in revenue, gross profit, and adjusted EBITDA, driven by gains from Ting and Domains, and cost controls were implemented across all businesses.
Key Takeaways
Tucows reported a 6.1% increase in net revenue to $92.3 million, a 32.4% increase in gross profit to $22.2 million, and a 94.3% increase in adjusted EBITDA to $8.7 million compared to Q3 2023. The company experienced a net loss of $22.3 million, which was an improvement compared to the previous year. Growth was primarily driven by Ting and Domains.
Net revenue increased by 6.1% year-over-year to $92.3 million, driven by gains from Ting and Domains.
Gross profit increased by 32.4% year-over-year to $22.2 million, driven by gross margin gains from Ting and Domains.
Adjusted EBITDA increased by 94.3% year-over-year to $8.7 million due to revenue growth and cost management.
Net loss decreased to $22.3 million, an improvement from $22.8 million in the same quarter last year.
Revenue by Segment
Forward Guidance
Management's pre-recorded audio commentary discussing the quarter and outlook for the company will be posted to the Tucows website. Shareholders, analysts, and prospective investors can submit questions to Tucows’ management via email, and management will post responses in an audio recording and transcript to the Company’s website.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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