TCX Q1 2025 KPISummary 1.pdf
TUCOWS, INC. QUARTERLY KPI SUMMARY
Operating Statistics
(Amounts in thousands)
| QUARTERLY | YTD | ANNUAL | ||||||
|---|---|---|---|---|---|---|---|---|
| Q1/25 | Q4/24 | Q3/24 | Q2/24 | Q1/24 | 2025 | 2024 | 2023 | |
| TING | ||||||||
| Internet Subscribers under management3 | 51.7 | 50.7 | 49.6 | 48.2 | 46.1 | 51.7 | 50.7 | 43.4 |
| Internet Subscribers under management- Net additions3 | 1.0 | 1.1 | 1.4 | 2.1 | 2.7 | 1.0 | 7.3 | 9.0 |
| Owned Infrastructure Serviceable Addresses1,3,5 | 133.4 | 133.5 | 132.0 | 128.3 | 124.0 | 133.4 | 133.5 | 121.3 |
| Owned Infrastructure Serviceable Addresses- Net additions1,3,5 | -0.1 | 1.5 | 3.7 | 4.3 | 2.7 | -0.1 | 12.2 | 25.5 |
| Partner Infrastructure Serviceable Addresses1,5 | 54.0 | 45.3 | 40.7 | 36.2 | 33.0 | 54.0 | 45.3 | 29.4 |
| Partner Infrastructure Serviceable Addresses- Net additions1,5 | 8.7 | 4.7 | 4.5 | 3.2 | 3.6 | 8.7 | 16.0 | 10.3 |
| Fiber Capital Expenditures-Consumption2 | $2,900 | $2,100 | $8,200 | $12,100 | $18,100 | $2,900 | $40,500 | $80,250 |
| TUCOWS DOMAINS | ||||||||
| Domains under management | 24,300 | 24,500 | 24,600 | 24,500 | 24,700 | 24,300 | 24,500 | 24,560 |
| Total new, renewal and transferred-in domain name transactions4 | 5,624 | 5,215 | 5,278 | 5,276 | 5,996 | 5,624 | 21,765 | 22,031 |
Summary of Historical Financial Results
(In thousands of US dollars)
| QUARTERLY | ||||
|---|---|---|---|---|
| Q1/25(Unaudited) | Q4/24(Unaudited) | Q3/24(Unaudited) | Q2/24(Unaudited) | Q1/24(Unaudited) |
| YTD | ANNUAL | |
|---|---|---|
| 2025(Unaudited) | 2024(Unaudited) | 2023(Unaudited) |
| Ting | $16,315 | $15,749 | $15,310 | $14,571 | $14,102 | $16,315 | $59,732 | $50,937 | | Wavelo | 11,396 | 9,888 | 10,082 | 10,501 | 9,390 | 11,396 | 39,861 | 38,670 | | Tucows Domains | 65,255 | 65,674 | 64,715 | 62,368 | 61,882 | 65,255 | 254,639 | 242,097 | | Tucows Corporate1 | 1,643 | 1,787 | 2,190 | 1,983 | 2,083 | 1,643 | 8,043 | 7,633 | | TOTAL REVENUE | 94,609 | 93,098 | 92,297 | 89,423 | 87,457 | 94,609 | 362,275 | 339,337 |
GROSS MARGIN
| Ting3 | 10,478 | 10,994 | 10,989 | 9,818 | 8,742 | 10,478 | 40,978 | 30,786 | | Wavelo | 11,259 | 9,368 | 10,019 | 10,162 | 9,039 | 11,259 | 38,588 | 36,044 | | Tucows Domains | 20,215 | 20,341 | 19,810 | 18,869 | 18,536 | 20,215 | 77,556 | 72,683 | | Tucows Corporate1 | (2,504) | (2,052) | (1,134) | (754) | (654) | (2,504) | (4,594) | (2,432) | | Network Expenses3 | (15,917) | (17,428) | (17,496) | (17,285) | (17,347) | (15,917) | (69,499) | (70,414) | | TOTAL GROSS PROFIT | 23,531 | 21,223 | 22,188 | 20,810 | 18,316 | 23,531 | 83,029 | 66,667 |
ADJUSTED EBITDA²
| Ting | (854) | (1,468) | (5,070) | (6,442) | (9,537) | (854) | (22,517) | (44,151) | | Wavelo | 4,449 | 3,679 | 3,429 | 3,911 | 2,787 | 4,449 | 13,806 | 10,573 | | Tucows Domains | 11,540 | 11,633 | 11,529 | 11,217 | 10,011 | 11,540 | 44,390 | 42,623 | | Tucows Corporate | (1,464) | (995) | (1,200) | 492 | 941 | (1,464) | (762) | 6,406 | | TOTAL ADJUSTED EBITDA² | $13,671 | $12,849 | $8,688 | $9,178 | $4,202 | $13,671 | $34,917 | $15,451 |