Tucows | Tucows Reports Financial Results for Second Quarter 2024
Tucows Reports Financial Results for Second Quarter 2024
TORONTO, August 8, 2024 – Tucows Inc. (NASDAQ:TCX, TSX:TC), a global internet services leader, today reported its financial results for the second quarter ended June 30, 2024. All figures are in U.S. dollars.
“We finished the second quarter of 2024 with strong year-over-year growth of consolidated revenue, gross profit and adjusted EBITDA, driven by a solid quarter from Ting with robust subscriber growth, gross margin increases and a lower operating loss, which is on track with our expectations,” said Elliot Noss, Tucows President and CEO. “We also continued to deleverage the business with payments on the syndicated debt using cash flow from Wavelo and Tucows Domains.”
Read the full press release here.
Financial Overview
- Date: August 8, 2024
- Period Ended: June 30, 2024
- Currency: USD
Key Financial Metrics
- Consolidated Revenue: Strong year-over-year growth recorded.
- Gross Profit: Increased significantly.
- Adjusted EBITDA: Also recording substantial growth.
Quotes
- “We finished the second quarter of 2024 with strong year-over-year growth...” - Elliot Noss