
Tucows | 10-Q: FY2025 Q3 Revenue: USD 98.56 M

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Revenue: As of FY2025 Q3, the actual value is USD 98.56 M.
EPS: As of FY2025 Q3, the actual value is USD -2.08.
EBIT: As of FY2025 Q3, the actual value is USD 4.324 M.
Ting Segment
- Revenue: Ting generated $17.0 million in net revenue during the three months ended September 30, 2025, up $1.7 million, or 11%, compared to the same period in 2024. For the nine months ended September 30, 2025, Ting generated $49.7 million in net revenue, up $5.7 million, or 13%, compared to the same period in 2024.
- Cost of Revenues: For the three months ended September 30, 2025, cost of revenues was $6.5 million, up from $4.3 million in the same period in 2024. For the nine months ended September 30, 2025, cost of revenues was $21.0 million, up from $14.4 million in the same period in 2024.
Wavelo Segment
- Revenue: Wavelo’s platform services revenue for the three months ended September 30, 2025, increased by $1.8 million, or 18%, to $11.9 million compared to the same period in 2024. For the nine months ended September 30, 2025, platform services revenue increased by $6.0 million, or 20%, to $35.9 million compared to the same period in 2024.
- Cost of Revenues: For the three months ended September 30, 2025, cost of revenues was $0.1 million, consistent with the same period in 2024. For the nine months ended September 30, 2025, cost of revenues was $0.3 million, down from $0.8 million in the same period in 2024.
Tucows Domains Segment
- Revenue: Tucows Domains generated $67.8 million in net revenue during the three months ended September 30, 2025, up $3.1 million compared to the same period in 2024. For the nine months ended September 30, 2025, Tucows Domains generated $200.7 million in net revenue, up $11.7 million compared to the same period in 2024.
- Cost of Revenues: For the three months ended September 30, 2025, cost of revenues was $46.6 million, up from $44.9 million in the same period in 2024. For the nine months ended September 30, 2025, cost of revenues was $137.7 million, up from $131.8 million in the same period in 2024.
Corporate and Other
- Revenue: Mobile services and eliminations revenue for the three months ended September 30, 2025, decreased by $0.3 million to $1.9 million compared to the same period in 2024. For the nine months ended September 30, 2025, revenue decreased by $1.0 million to $5.3 million compared to the same period in 2024.
- Cost of Revenues: For the three months ended September 30, 2025, cost of revenues was $4.6 million, up from $3.3 million in the same period in 2024. For the nine months ended September 30, 2025, cost of revenues was $13.0 million, up from $8.8 million in the same period in 2024.
Outlook
The company is focused on expanding its fiber networks and improving operational efficiency through strategic initiatives such as the February 2024 Workforce Reduction and the 2024 Capital Efficiency Plan. The company is also reviewing strategic alternatives for the Ting business to address ongoing capital needs.

