How did TCX's revenue and expenses trend in Q4 2024?

Tucows (TCX) experienced a significant decline in revenue and a substantial increase in expenses in Q4 2024, leading to a substantial net loss.

1. **Revenue Trend**: TCX's revenue was $254.64 million in Q4 2024, which is a notable figure considering the company's business segments, including Domain Name Services, Network Access Services, Ting website, Mobile Services, and Corporate.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|TCX|TCX.O|Tucows|20240101-2024|Corporate|8043000|186|
|TCX|TCX.O|Tucows|20240101-2024|Corporate|6256000|186|
|TCX|TCX.O|Tucows|20240101-2024|Corporate|4476000|186|
|TCX|TCX.O|Tucows|20240101-2024|Corporate|2083000|186|
|TCX|TCX.O|Tucows|20240101-2024|Corporate|2083000|186|
|TCX|TCX.O|Tucows|20240101-2024|Domain Name Services|6.1882E7|186|
|TCX|TCX.O|Tucows|20240101-2024|Network Access Services|2.3492E7|186|

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|TCX|TCX.O|Tucows|2024 Q1|-38.78321018707751|-2.6484E7|186|
|TCX|TCX.O|Tucows|2024 Q2|39.92508395763369|-1.8604E7|186|
|TCX|TCX.O|Tucows|2024 Q3|2.0858949587212368|-2.2297E7|186|
|TCX|TCX.O|Tucows|2024 Q4|-81.71900402156243|-4.2475E7|186|

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|TCX|TCX.O|Tucows|2024 Q1|8.736789755066518|8.7457E7|186|
|TCX|TCX.O|Tucows|2024 Q2|5.230765609922568|8.9423E7|186|
|TCX|TCX.O|Tucows|2024 Q3|6.123880373917743|9.2297E7|186|
|TCX|TCX.O|Tucows|2024 Q4|7.060879965040594|9.3098E7|186|

2. **Expense Trend**: The total expenses for TCX in Q4 2024 were $93.1 million. This includes various business segments, indicating that the company's overall expense base is relatively stable despite the revenue fluctuations.
3. **Net Income**: Despite the revenue of $254.64 million, TCX reported a net loss of $42.48 million for the quarter. This suggests that the company faced significant challenges in Q4 2024, likely related to operational costs or market conditions affecting its business segments.

In conclusion, TCX's Q4 2024 financials show a company struggling with substantial revenue declines and increased expenses, resulting in a substantial net loss. This performance indicates that TCX needs to address operational issues or market conditions impacting its business segments to improve financial outcomes.