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What factors drove the changes in Tucows's revenue and profit?

- **CEO Transition & Q3 Highlights**: New CEO emphasizes focus on resolving Ting and driving core business growth.
- **Ting Timeline**: Resolution expected in 2-3 quarters, with full divestiture taking several more quarters.
- **2026 Guidance**: Domains and Wavelo growth metrics to be shared in early Feb 2026 earnings.
- **Contract Transparency**: 4-year CEO agreement details to be disclosed in Q4 filing.
- **Strategic Focus**: Operational efficiency and reinvestment readiness post-Ting resolution.

**【CEO Opening Remarks】**
- First Q&A as CEO, emphasizing honor to lead Tucows and build on its legacy.
- Q3 2025 was a significant quarter with business progress and leadership transition.
- Key focus areas: Ting process resolution, growth outlook for Domains and Wavelo, and strategic reinvestment opportunities.

**【Ting Process Update】**
- Ting divestiture process remains complex and ongoing, with resolution expected in 2-3 quarters.
- Full divestiture likely to take several quarters beyond resolution.
- Valuation details will be disclosed post-final terms.

**【Growth Outlook for Core Businesses】**
- 2026 guidance for Domains and Wavelo to be provided in Q4 earnings (early Feb 2026).
- Focus on maximizing shareholder value through disciplined reinvestment planning.

**【CEO Employment Contract】**
- 4-year fixed-term agreement with alignment for shareholders and leadership continuity.
- Full contract details to be disclosed in Q4 10K filing (March 2026).

**【Strategic Vision & Priorities】**
- Top priority: Completing Ting process to unlock flexibility for reinvestment.
- Operational focus: Efficiency, deleveraging, and momentum in revenue, margin, and EBITDA.
- Board engagement in transformation efforts with skilled representation.

**【Closing Remarks】**
- Gratitude for strong team and board support during transition.
- Commitment to transparency and sharing updates on growth strategy in upcoming quarters.

Tucows (TCX) Q3 2025 Earnings Call Transcript

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