Post by
KillaDip on May 02, 2024 8:40am
Q1 Conference Call Highlights
- Cost cutting strategy has improved margins ahead of schedule
- offering discounts to focus on bundling packages to gain marlet share. Despite very competitive environment results saw ARPU flat and significant increase in market share. So far very successful in Quebec.
- Crave saw Crave DTC subs up 7%, Sports DTC subs up 31%. Shows increasing strength in digital transformation.
- most importantly, cost cutting reductions and efficiencies have immediately improved margins and benefited FCF and EBITDA which is what the market was mainly concern with when it comes to dividend sustainability.
Overall, a very good quarter considering the expectation was for very negative results.