Quebecor Q2 adjusted income advances, price target raised to $46 at CIBC.

Quebecor Inc. reported Q1 2025 adjusted income that advanced, with total revenue at C$1.343.1 million. The company's quarterly dividend was announced, payable on June 17, 2025. Quebecor's Q1 revenue missed estimates, but the adjusted profit beat expectations. The stock price target was raised to $46 at CIBC, and Rogers Communications and Quebecor's price targets were increased at TD.

Title: Quebecor Inc. Reports Solid Q1 2025 Financial Performance

Quebecor Inc. (TSX: QBR) has reported its consolidated financial results for the first quarter of 2025, showcasing a strong performance despite missing revenue estimates. The company's adjusted income advanced, while total revenue reached C$1.343.1 million. Quebecor also announced a quarterly dividend payable on June 17, 2025.

# Key Financial Highlights

- Revenue: Quebecor's total revenue for Q1 2025 was C$1.343.1 million, down slightly by C$6.5 million (0.5%) compared to the same period in 2024.
- Adjusted EBITDA: Adjusted EBITDA increased by C$4.4 million (0.7%) to C$605.1 million, excluding the impact of a significant stock-based compensation charge.
- Net Income: Net income attributable to shareholders was C$217.7 million, an increase of C$10.1 million (4.9%) compared to the same period in 2024.
- Dividend: Quebecor announced a quarterly dividend of C$0.10 per share, payable on June 17, 2025.

# Analyst Reaction

Financial analysts have mixed reactions to Quebecor's Q1 2025 results. While the adjusted profit beat expectations, the revenue missed estimates. CIBC raised its stock price target to C$46, while TD Securities increased the price targets for Rogers Communications and Quebecor.

# Sector Performance

Quebecor's performance in the telecommunications sector is noteworthy. The Telecommunications segment saw an increase in adjusted EBITDA by C$1.4 million (0.2%), and its revenues remained stable. The company also reported a net increase of 72,000 (1.7%) connections to its mobile telephony service and 33,700 (0.4%) total revenue-generating units (RGUs).

# Future Outlook

Quebecor remains committed to growth through innovation, operational excellence, and financial discipline. The company is expanding its services, particularly in mobile telephony and internet connectivity. The recent rollout of 3800 MHz spectrum across its 5G+ network in Ontario, Alberta, and British Columbia is expected to significantly boost network capacity and performance.

# Conclusion

Quebecor Inc. reported a solid Q1 2025 financial performance, with adjusted income advancing and a quarterly dividend announced. Despite missing revenue estimates, the company's strong operational performance and strategic initiatives position it well for future growth. Investors and financial professionals should closely monitor Quebecor's progress in the coming quarters.

# References

[1] Quebecor Inc. Reports Consolidated Results for Second Quarter 2025. Retrieved from https://www.prnewswire.com/news-releases/quebecor-inc-reports-consolidated-results-for-second-quarter-2025-302523809.html