NEW YORK, Nov. 5, 2026 /PRNewswire/ — Expert Consumers has recognized Hootsuite for its role in social media automation, highlighting how integrated publishing, analytics, social listening, and AI-assisted workflows can help organizations manage social media activity more efficiently. The recognition reflects the growing importance of automation in digital communications, where consistent publishing and timely audience engagement require coordinated workflows.

Hootsuite – a social media management platform that helps businesses plan and schedule content, monitor online conversations, analyze performance, and streamline social media workflows through integrated publishing and AI-assisted tools.

Social media automation uses software to manage repetitive activities, including scheduling posts, organizing content, monitoring conversations, and compiling performance reports. For businesses and marketing teams, these capabilities can reduce manual administration and create more time for strategic planning, creative development, and customer relationships.

Hootsuite brings several of these functions together through a centralized social media management platform. Understanding the role of automation, the tasks suited to automated workflows, and the importance of human oversight provides a practical framework for evaluating social media management technology.

Understanding Social Media Automation

Social media automation refers to using software to schedule, publish, monitor, and analyze social media activity with less manual intervention. Rather than handling every task separately, teams can establish repeatable workflows that support consistent communication across social channels through the newly launched social OS and MCP.

Common applications include automated social media posting, content planning, performance reporting, inbox organization, and social listening for relevant online conversations. AI-assisted features can further support brainstorming, caption drafting, content adaptation, trend research, and the summarization of social performance data.

Automation does not eliminate the need for human involvement. Effective social media management still requires editorial judgment, audience understanding, and decisions about brand voice. Technology can handle predictable tasks, while people remain responsible for ensuring that content is accurate, relevant, and appropriate.

For organizations managing several social accounts, the distinction matters. A centralized workflow can help coordinate publishing schedules and reporting, but the quality of the underlying strategy and creative work continues to determine whether social media activity supports business objectives.

How Hootsuite Supports Automated Social Media Workflows

Hootsuite provides tools for coordinating social media publishing, content planning, analytics, and social listening. Bringing these functions together can help teams reduce fragmented processes and maintain greater visibility into ongoing activity.

Publishing and scheduling. Automated social media posting allows teams to prepare content in advance and schedule publication rather than manually uploading every post at the intended time. A shared publishing calendar supports campaign planning and helps coordinate activity across channels. Scheduling also makes it easier to prepare content around product updates, seasonal campaigns, and recurring communications.

Content planning and reuse. Established content can be reviewed for continued relevance and repurposed when appropriate. Educational posts, evergreen advice, and frequently asked questions may provide opportunities to maintain a consistent publishing schedule. Effective reuse requires adjustments for platform formats, audience expectations, and changing circumstances.

Analytics and reporting. Social media automation software can simplify the collection and organization of performance data. Hootsuite’s analytics capabilities help teams review relevant social media metrics and evaluate publishing activity. Structured reporting can support decisions about content formats, engagement patterns, and campaign priorities.

Social listening and monitoring. Social listening helps organizations monitor brand mentions, industry conversations, and relevant topics. Alerts can draw attention to emerging discussions and potential customer concerns. This visibility can support more timely responses, provided that people review context before taking action.

Team coordination. Centralized workflows can make responsibilities and publishing plans easier to manage. Approval processes and coordinated calendars are particularly useful when several contributors participate in content creation, review, and publication.

These capabilities address different stages of social media management. Together, publishing, monitoring, and analytics can create a more organized process for managing activity and assessing results.

The Role of AI in Social Media Automation

Artificial intelligence is expanding social media automation beyond scheduled publishing. AI-assisted tools can help generate initial caption drafts, suggest content ideas, adapt messaging, summarize performance information, and identify potential opportunities for publishing.

Hootsuite’s approach to social media management incorporates AI-assisted workflows alongside publishing and analytics. These capabilities can help teams move from initial ideas to prepared content while supporting the review of social activity and results.

AI can be particularly useful when teams manage multiple accounts or need to adapt a campaign for different audiences. Drafting assistance may shorten the initial writing process, while summaries can make large amounts of performance information easier to review. Such capabilities support productivity without removing the need for editorial direction or more human resources.

However, AI-generated content requires verification. Drafts may contain inaccurate information, overlook cultural context, or fail to reflect an organization’s established voice. Automated recommendations also do not guarantee stronger engagement or improved business outcomes.

Human review remains important for factual accuracy, privacy, tone, and compliance with platform requirements. AI works most effectively as an assistive layer within a defined workflow rather than as an unrestricted replacement for professional judgment.

What Should and Should Not Be Automated

The value of automation depends on selecting appropriate tasks. Repetitive, predictable activities are generally stronger candidates than conversations requiring empathy, interpretation, or rapid decisions.

Scheduling routine posts, organizing reporting data, and monitoring selected keywords can help reduce recurring administrative work. By contrast, sensitive customer complaints, crisis communications, and complex questions require careful consideration.

An automated response that fails to acknowledge a customer’s concern can undermine trust. Scheduled promotional content may also appear inappropriate during a public emergency or an event affecting an audience. Publishing systems should therefore include review procedures and clear escalation paths within the workflow.

Organizations using Hootsuite can establish workflows that support planned publishing and ongoing monitoring while retaining human responsibility for important decisions. Content approvals, message review, and checks for changing circumstances can help reduce the risks associated with excessive automation.

Platform policies also matter. Automated activity should use authorized integrations and comply with applicable publishing rules, messaging limits, and data requirements. Spam, misleading engagement practices, and unauthorized data collection can create operational and reputational risks. With how fast information spreads, social media governance has become more important than ever.

Getting Started With Social Media Automation

A practical automation strategy begins with identifying recurring tasks rather than attempting to automate every activity at once.

First, assess the time spent scheduling posts, compiling reports, organizing messages, and monitoring conversations. Prioritize tasks that occur frequently and follow predictable processes. Next, evaluate Hootsuite’s available capabilities against the organization’s social channels, team structure, approval requirements, and reporting needs.

A content calendar can establish publishing priorities and clarify responsibilities. Review procedures should distinguish routine posts from sensitive announcements or content requiring additional approval. Clear guidelines help ensure that automated publishing remains aligned with brand standards and current events.

Measurement is equally important. Relevant indicators may include engagement, reach, clicks, publishing consistency, and the time required to complete recurring tasks. Reviewing these measures can reveal whether automation is improving workflow efficiency and helping teams focus on higher-value work.

Social media automation should be treated as an ongoing process. Workflows may need adjustment as audience expectations, platform features, and organizational priorities change.

Expert Consumers’ recognition of Hootsuite highlights the role of integrated social media management in organizing these activities. By combining publishing, analytics, social listening, and AI-assisted workflows, Hootsuite supports a structured approach to managing social media operations. Sustainable results still depend on thoughtful planning, content brainstorming, accurate content, appropriate oversight, and meaningful engagement with audiences.

The full review is available at the Expert Consumers’ website.

About ExpertConsumers.org: Expert Consumers delivers news and insights on consumer products and services. As an affiliate, Expert Consumers may earn commissions from sales generated using links provided.

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SOURCE ExpertConsumers.org

Third quarter revenues of $1.426 billion, up 2.3% year-over-year and 2.5% on an organic constant currency basisThird quarter GAAP income from operations increased to 12.3% of revenues from 10.4%, and non-GAAP income from operations increased to 16.7% of revenues from 16.0%, on a year-over-year basisThird quarter GAAP diluted EPS of $2.53, an increase of $0.62, or 32.5%, and non-GAAP diluted EPS of $3.51, an increase of $0.43, or 14.0%, on a year-over-year basisIncreased share repurchase authorization by $1.5 billion, bringing the total remaining authorization to $1.8 billion, and plans to enter a $500 million accelerated share repurchase next weekEPAM commits to return at least 50% of free cash flow to shareholders annually from 2027 through 2029For the full year, EPAM now expects the year-over-year revenue growth rate to be in the range of 3.5% to 3.7% and now expects the year-over-year revenue growth rate on an organic constant currency basis to be in the range of 2.5% to 2.7%For the full year, EPAM now expects its GAAP diluted EPS to be in the range of $8.41 to $8.49, and non-GAAP diluted EPS to be in the range of $13.23 to $13.31

NEWTOWN, Pa., Nov. 5, 2026 /PRNewswire/ — EPAM Systems, Inc. (NYSE: EPAM), a leading digital and AI transformation company, today announced results for its third quarter ended September 30, 2026.

“We delivered a strong quarter, with better-than-expected results, continued margin expansion, AI-native momentum and traction in our transformation strategy,” said Balazs Fejes, CEO & President, EPAM. “We continued to scale our strategic partnerships and forward-deployed engineering network, launched our new Frontier AI Services and increased capital return to shareholders.”

Third Quarter 2026 Highlights

Revenues increased to $1.426 billion, a year-over-year increase of $32.1 million, or 2.3%. On an organic constant currency basis, revenues were up 2.5% compared to the third quarter of 2025;GAAP income from operations was $175.9 million, an increase of $31.0 million, or 21.4%, compared to $144.9 million in the third quarter of 2025. As a percentage of revenues, GAAP income from operations increased to 12.3% from 10.4% in the third quarter of 2025;Non-GAAP income from operations was $238.4 million, an increase of $15.6 million, or 7.0%, compared to $222.8 million in the third quarter of 2025. As a percentage of revenues, non-GAAP income from operations increased to 16.7% from 16.0% in the third quarter of 2025;Diluted earnings per share (“EPS”) on a GAAP basis was $2.53, an increase of $0.62, or 32.5%, compared to $1.91 in the third quarter of 2025; andNon-GAAP diluted EPS was $3.51, an increase of $0.43, or 14.0%, compared to $3.08 in the third quarter of 2025.

Cash Flow and Other Metrics

Cash provided by operating activities was $288.8 million for the three months ended September 30, 2026, compared to cash provided by operating activities of $294.7 million for the three months ended September 30, 2025;Cash provided by operating activities was $250.1 million for the first nine months of 2026, compared to cash provided by operating activities of $372.0 million for the first nine months of 2025;Cash, cash equivalents and restricted cash totaled $969.9 million as of September 30, 2026, a decrease of $331.4 million, or 25.5%, from $1.301 billion as of December 31, 2025; andTotal headcount was approximately 63,650 as of September 30, 2026. Included in this number were approximately 57,350 delivery professionals, an increase of 1.2% from June 30, 2026.

Capital Allocation

EPAM has returned approximately $1.7 billion to shareholders since the initiation of the Company’s repurchase programs in 2023.The Company spent approximately $489 million on share repurchases during the first nine months of 2026 under its share repurchase program, which included approximately $80 million during the third quarter.During the week of November 9, 2026, EPAM expects to enter into a $500 million accelerated share repurchase (Q4 ASR). The Company intends to fund the share repurchase under the Q4 ASR using cash on hand and borrowings under its existing credit facility.The Company is committed to returning at least 50% of its free cash flows to shareholders annually from 2027 through 2029.In support of this three-year capital return commitment and the Q4 ASR, the Board of Directors approved up to $1.5 billion1 in incremental repurchase authorization.

2026 Outlook – Full Year and Fourth Quarter

Full Year

EPAM expects the following for the full year:

The Company now expects the year-over-year revenue growth rate to be in the range of 3.5% to 3.7% for 2026 and now expects the year-over-year revenue growth rate on an organic constant currency basis to be in the range of 2.5% to 2.7%;For the full year, EPAM now expects GAAP income from operations to be in the range of 10.7% to 10.9% of revenues and non-GAAP income from operations to be in the range of 15.9% to 16.1% of revenues;The Company continues to expect its GAAP effective tax rate to be approximately 27% and its non-GAAP effective tax rate to be approximately 24%; andEPAM now expects GAAP diluted EPS to be in the range of $8.41 to $8.49 and non-GAAP diluted EPS to be in the range of $13.23 to $13.31. The Company now expects weighted average diluted shares outstanding for the year to be 52.0 million.

Fourth Quarter

EPAM expects the following for the fourth quarter:

The Company expects revenues will be in the range of $1.405 billion to $1.420 billion for the fourth quarter, reflecting a year-over-year change of (0.2)% to 0.9%. The Company expects the year-over-year revenue growth rate on an organic constant currency basis to be 0.5% to 1.6%;For the fourth quarter, EPAM expects GAAP income from operations to be in the range of 11.5% to 12.5% of revenues and non-GAAP income from operations to be in the range of 16.0% to 17.0% of revenues;The Company expects its GAAP effective tax rate to be approximately 26% and its non-GAAP effective tax rate to be approximately 24%; andEPAM expects GAAP diluted EPS will be in the range of $2.43 to $2.51 for the quarter, and non-GAAP diluted EPS will be in the range of $3.50 to $3.58 for the quarter. The Company expects weighted average diluted shares outstanding for the quarter to be 49.9 million.

Conference Call Information

EPAM will host a conference call to discuss the results on Thursday, November 5, 2026, at 8:00 a.m. ET. The conference call will be available live on the EPAM website at https://investors.epam.com. Please visit the website at least 15 minutes prior to the call to register for the event. For those who cannot access the live webcast, a replay will be available in the Investor Relations section of the website.

About EPAM Systems

EPAM (NYSE:EPAM) is a global leader in AI transformation engineering and integrated consulting, serving Forbes Global 2000 companies and ambitious startups. With over thirty years of expertise in custom software, product and platform engineering, EPAM empowers organizations to become AI-Native enterprises, driving measurable value from innovation and digital investments. Recognized by industry benchmarks and leading analysts as a leader in AI, EPAM delivers globally while engaging locally, making the future real for clients, partners, and employees.

We are proud to be recognized by Forbes, Glassdoor, Newsweek, Time Magazine, Great Place to Work and kununu as a Most Loved Workplace around the world.

Learn more at www.epam.com and follow us on LinkedIn.

Non-GAAP Financial Measures

EPAM supplements results reported in accordance with United States generally accepted accounting principles, referred to as GAAP, with non-GAAP financial measures. Management believes these measures help illustrate underlying trends in EPAM’s business and uses the measures to establish budgets and operational goals, communicate internally and externally, for managing EPAM’s business and evaluating its performance. Management also believes these measures help investors compare EPAM’s operating performance with its results in prior periods. EPAM anticipates that it will continue to report both GAAP and certain non-GAAP financial measures in its financial results, including non-GAAP results that exclude stock-based compensation expenses, acquisition-related costs including amortization of acquired intangible assets, impairment of assets, expenses associated with EPAM’s humanitarian commitment to its professionals in Ukraine, employee separation costs incurred in connection with restructuring programs, certain other one-time charges and benefits, changes in fair value of contingent consideration, foreign exchange gains and losses, excess tax benefits and tax shortfalls related to stock-based compensation, and the related effect on income taxes of the pre-tax adjustments. Management also compares revenues on an “organic constant currency basis,” which is a non-GAAP financial measure. This measure excludes the effect of acquisitions by removing revenues from an acquired company in the twelve months after completing an acquisition and foreign currency exchange rate fluctuations by translating current period revenues into U.S. dollars at the weighted average exchange rates of the prior period of comparison. Because EPAM’s reported non-GAAP financial measures are not calculated in accordance with GAAP, these measures are not comparable to GAAP and may not be comparable to similarly described non-GAAP measures reported by other companies within EPAM’s industry. Consequently, EPAM’s non-GAAP financial measures should not be evaluated in isolation or supplant comparable GAAP measures, but rather, should be considered together with the information in EPAM’s consolidated financial statements, which are prepared in accordance with GAAP.

Forward-Looking Statements

This press release includes estimates and statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Our estimates and forward-looking statements are mainly based on our current expectations and estimates of future events and trends, which affect or may affect our business and operations. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate”or similar expressions. Those future events and trends may relate to, among other things, developments relating to the war in Ukraine and escalation of the war in the surrounding region, political and civil unrest or military action in the geographies where we conduct business and operate, difficult conditions in global capital markets, foreign exchange markets, global trade and the broader economy, the adoption and implementation of artificial intelligence technologies by EPAM and its clients, and the effect that these events may have on client demand and our revenues, operations, access to capital, and profitability. Other factors that could cause actual results to differ materially from those expressed or implied include general economic conditions, the risk factors discussed in the Company’s most recent Annual Report on Form 10-K and the factors discussed in the Company’s Quarterly Reports on Form 10-Q, particularly under the headings “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors”and other filings with the Securities and Exchange Commission. Although we believe that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made based on information currently available to us. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.

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SOURCE EPAM Systems, Inc.

MONTRÉAL, Nov. 5, 2026 /PRNewswire/ — Quebecor Inc. (“Quebecor” or “the Corporation”) today reported its consolidated financial results for the third quarter of 2026.

Third quarter 2026 highlights

In the third quarter of 2026, Quebecor’s adjusted cash flows from operations1 were up $67.3 million (14.6%) compared with the same quarter of 2025 to $529.7 million, adjusted EBITDA2 was up $78.6 million (12.5%) to $706.7 million, and revenues were up $49.2 million (3.5%) to $1.45 billion. These results primarily reflect the strong performance of the Telecommunications and Media segments, as well as the favourable impact of $31.5 million related to stock‑based compensation.The Telecommunications segment recorded increases of $34.7 million (7.9%) in adjusted cash flows from operations, $45.0 million (7.5%) in adjusted EBITDA and $51.4 million (4.2%) in revenues, including growth of $43.1 million (9.6%) in mobile telephony service revenues and $9.3 million (3.0%) in Internet access service revenues. In addition, average monthly mobile revenue per unit (“mobile ARPU”)3 increased by 2.9%, marking a fourth consecutive quarterly increase and a sequential improvement.The mobile telephony service posted a net increase of 136,700 subscriber connections (3.0%), the largest quarterly increase in the number of subscriber connections since the launch of the mobile service in 2010.In the third quarter of 2026, the Media segment reported a $16.3 million (69.7%) increase in adjusted EBITDA, while the Sports and Entertainment segment reported a $0.9 million (‑6.0%) decrease.Quebecor’s net income attributable to shareholders was $296.4 million ($1.33 per basic share), an increase of $60.3 million ($0.30 per basic share) or 25.5%.Adjusted net income4 was $294.1 million ($1.32 per basic share), an increase of $52.5 million ($0.27 per basic share) or 21.7%.The consolidated net debt leverage ratio5 decreased to 2.69x and remains the lowest among Canada’s major telecommunications providers.On September 3, 2026, Quebecor entered into a new 12‑year sublicensing agreement with Rogers Communications (“Rogers”) for French‑language broadcast rights to National Hockey League (“NHL”) games. Effective from the 2026‑2027 season through the 2037‑2038 season, this agreement enables TVA Sports to build on its current role as an official French‑language NHL broadcaster, ensuring continuity in its position as the premier destination for watching hockey in French in Québec and across Canada. The illico+ platform will be added to the broadcasting landscape in keeping with the continued expansion to more streaming platforms.On October 1, 2026, Videotron Ltd. (“Videotron”) announced the expansion of its wireless subscription area to several communities in Abitibi‑Témiscamingue, Nord‑du‑Québec, Saguenay–Lac‑Saint‑Jean and Bas‑Saint‑Laurent, providing more than 25,000 residents with access to a genuine competitive alternative for mobile service.On July 24, 2026, Freedom Mobile (“Freedom”) announced that access to its 5G+ network would be available at no additional cost to customers on all of its plans, provided they have a compatible device and SIM card and are located within an eligible coverage area. Freedom also continued the rollout of its 5G and 5G+ networks in Ontario, Alberta and British Columbia, improving connectivity for more than 500,000 additional Canadians.During the third quarter of 2026, Videotron repaid a total of $200.0 million under the third tranche of its term credit facility. An additional repayment of $100.0 million was made on October 6, 2026. Following these repayments, the balance of the facility was reduced from $400.0 million to $100.0 million.  

Comments by Pierre Karl Péladeau, President and Chief Executive Officer of Quebecor

“Quebecor delivered an excellent performance in the third quarter of 2026, as reflected by increases of 14.6% in adjusted cash flows from operations, 12.5% in adjusted EBITDA and 3.5% in revenues. These results reflect the significant contribution of the Telecommunications and Media segments, as well as the $31.5 million favourable impact of stock‑based compensation. Demonstrating our financial discipline and operational rigour, this solid performance, combined with the strongest balance sheet in the industry, enabled us to reduce consolidated net debt by more than $220 million in the third quarter and lower our consolidated net debt leverage ratio to 2.69x as at September 30, 2026, by far the lowest among Canada’s major telecommunications providers.

The Telecommunications segment once again distinguished itself with increases of 7.9% in adjusted cash flows from operations, 7.5% in adjusted EBITDA and 4.2% in revenues. Revenue growth was driven by mobile telephony and Internet access services, which recorded increases of 9.6% and 3.0%, respectively.

In mobile telephony, we reached a new milestone with a net increase of 136,700 subscriber connections, or 3.0%, representing the largest quarterly increase since the launch of the mobile service in 2010. All three of our brands, Videotron, Freedom and Fizz, contributed to this record growth, reflecting both the success of our Canada‑wide expansion, the strength of our organic growth in Québec and the soundness of our strategic decisions in a highly competitive market. The value and appeal of our offerings continue to set us apart, driving both the acquisition of new subscribers and the loyalty of our customer base. At the same time, mobile ARPU increased by $1.03, or 2.9%, marking a fourth consecutive quarterly increase and a sequential improvement, reflecting our ability to combine subscriber growth with higher average revenue per subscriber.

To better meet our customers’ needs, we continue to invest in enhancing the performance, capacity and coverage of our networks. Freedom notably continued the expansion of its 5G and 5G+ networks in Ontario, Alberta and British Columbia, providing improved connectivity to more than 500,000 additional Canadians. In addition, access to Freedom’s 5G+ network was extended to customers across all of its plans at no additional cost for those with a compatible device and SIM card located within an eligible coverage area. In Québec, Videotron expanded its wireless service subscription area in October to several communities in Abitibi‑Témiscamingue, Nord‑du‑Québec, Saguenay–Lac‑Saint‑Jean and Bas‑Saint‑Laurent. More than 25,000 additional residents can now take advantage of our competitive mobile offerings. These initiatives reflect our commitment to making leading‑edge wireless technologies accessible to more Canadians while providing a strong competitive alternative.

In the Media segment, TVA Group Inc. (“TVA Group”) reported adjusted EBITDA of $32.8 million, an increase of $14.3 million compared with the third quarter of 2025. This improvement was mainly attributable to savings generated through various cost‑reduction initiatives, including lower content costs, higher subscription revenues at TVA Sports, driven by TVA Sports Direct and new carriage rate agreements, as well as the recognition of the estimated benefit from the new tax credit for Québec news media organizations. While we welcome these results, we remain prudent and disciplined given the ongoing challenges facing the industry, particularly in advertising revenues.

Maintaining its focus on programming choices that are both successful and responsible, TVA Group led the Québec television market in the third quarter with a 43.5% market share, a 2.3‑point increase from the same period of 2025, while the TVA Network strengthened its leadership position with a 23.1% market share, a 1.0‑point increase, driven in particular by the success of flagship programs such as Chanteurs masqués and Indéfendable. In news programming, LCN remained the most‑watched specialty channel in Québec with a 9.2% market share, a 1.2‑point increase. LCN and the TVA Network cemented their status as the authoritative sources for political news. During the recent election campaign, Face‑à‑face 2026 and Québec 2026 were the most‑watched leaders’ debate and election‑night broadcast.

In addition, a new 12‑year sublicensing agreement was reached with Rogers for the French‑language broadcast rights to NHL games through the 2037‑2038 season. This agreement reinforces TVA Sports’ position as a premier destination for hockey fans in Québec and across Canada. In an environment marked by changing viewing habits and the diversification of distribution platforms, illico+ will also become part of the distribution ecosystem.

The superior performance of our operations, the quality of our assets and the strength of our brands allow us to look to the future with confidence. Backed by our solid financial position, we continue to pursue our pan‑Canadian expansion while maintaining disciplined capital allocation to create sustainable value for all our stakeholders.”

Non‑IFRS financial measures

The Corporation uses financial measures not standardized under International Financial Reporting Standards (“IFRS”), such as adjusted EBITDA, adjusted net income, adjusted cash flows from operations, free cash flows and consolidated net debt leverage ratio, and key performance indicators, including revenue generating unit (“RGU”) and mobile ARPU. Definitions of the non‑IFRS measures and key performance indicators used by the Corporation in this press release are provided in the “Definitions” section.

Financial table

Table 1
Consolidated summary of income, cash flows and balance sheet
(in millions of Canadian dollars, except per basic share data)

2026/2025 third quarter comparison

Revenues: $1.45 billion, a $49.2 million (3.5%) increase.

Revenues increased in Telecommunications ($51.4 million or 4.2% of segment revenues) and in Media ($2.1 million or 1.4%).Revenues decreased in Sports and Entertainment ($3.8 million or ‑5.6%).

Adjusted EBITDA: $706.7 million, an increase of $78.6 million (12.5%), including the $31.5 million favourable impact of the stock‑based compensation charge across all of the Corporation’s segments, primarily attributable to the impact of the decrease in Quebecor’s share price in the third quarter of 2026, compared with an increase in the share price during the corresponding period of 2025.

Adjusted EBITDA increased in Telecommunications ($45.0 million or 7.5% of segment adjusted EBITDA) and in Media ($16.3 million or 69.7%).There was a favourable variance at Head Office ($18.2 million), essentially due to the stock‑based compensation charge.Adjusted EBITDA decreased in Sports and Entertainment ($0.9 million or ‑6.0%).

Net income attributable to shareholders: $296.4 million ($1.33 per basic share), an increase of $60.3 million ($0.30 per basic share) or 25.5%.

The main favourable variances were:$78.6 million increase in adjusted EBITDA;$6.3 million decrease in the charge for restructuring, impairment of assets and other;$5.5 million decrease in financial expenses.The unfavourable variances were:$24.3 million increase in the income tax expense;$5.4 million increase in the depreciation and amortization charge;$3.6 million unfavourable variance related to non‑controlling interests.

Adjusted net income: $294.1 million ($1.32 per basic share), an increase of $52.5 million ($0.27 per basic share) or 21.7%.

Adjusted cash flows from operations: $529.7 million, a $67.3 million (14.6%) increase due to the $78.6 million increase in adjusted EBITDA, partially offset by an $11.3 million increase in capital expenditures, mainly in the Telecommunications segment.

Cash flows provided by operating activities: $592.8 million, an $11.0 million (1.9%) increase due primarily to the increase in adjusted EBITDA, the decrease in current income taxes and the decrease in the cash portion of financial expenses, partially offset by an unfavourable net change in non‑cash balances related to operating activities.

2026/2025 year‑to‑date comparison

Revenues: $4.29 billion, a $161.1 million (3.9%) increase.

Revenues increased in Telecommunications ($156.0 million or 4.4% of segment revenues) and in Media ($4.4 million or 0.9%).Revenues decreased in Sports and Entertainment ($7.6 million or ‑4.5%).

Adjusted EBITDA: $1.91 billion, an increase of $127.9 million (7.2%), including the $55.3 million unfavourable impact of the stock‑based compensation charge across all of the Corporation’s segments, due mainly to a significant increase in Quebecor’s share price.

Adjusted EBITDA increased in Telecommunications ($115.4 million or 6.4% of segment adjusted EBITDA) and in Media ($50.2 million).There was an unfavourable variance at Head Office ($33.5 million), essentially due to the stock‑based compensation charge.Adjusted EBITDA decreased in Sports and Entertainment ($4.2 million).

Net income attributable to shareholders: $792.7 million ($3.53 per basic share), an increase of $148.2 million ($0.73 per basic share) or 23.0%.

The favourable variances were:$127.9 million increase in adjusted EBITDA;$33.9 million favourable variance in other items;$28.3 million decrease in financial expenses;$19.2 million decrease in the charge for restructuring, impairment of assets and other.The main unfavourable variances were:$43.2 million increase in the income tax expense;$14.8 million unfavourable variance related to non‑controlling interests.

Adjusted net income: $754.9 million ($3.36 per basic share), an increase of $101.4 million ($0.52 per basic share) or 15.5%.

Adjusted cash flows from operations: $1.43 billion, a $108.6 million (8.2%) increase due to the $127.9 million increase in adjusted EBITDA, partially offset by a $19.3 million increase in capital expenditures, mainly in the Telecommunications segment.

Cash flows provided by operating activities: $1.58 billion, a $42.7 million (2.8%) increase due primarily to the increase in adjusted EBITDA, a decrease in the cash portion of financial expenses and a decrease in the cash portion of the charge for restructuring, impairment of assets and other, partially offset by an unfavourable net change in non‑cash balances related to operating activities and by the increase in current income taxes.

Financing operations

During the third quarter of 2026, Videotron repaid a total of $200.0 million under the third tranche of its term credit facility. On October 6, 2026, Videotron made an additional repayment of $100.0 million under its term credit facility. Following these repayments, the balance of the facility was reduced from $400.0 million to $100.0 million.

Capital stock

On August 6, 2025, the Board of Directors of the Corporation authorized a normal course issuer bid for a maximum of 1,000,000 Class A Multiple Voting Shares (“Class A Shares”) representing approximately 1.3% of issued and outstanding Class A Shares, and for a maximum of 5,000,000 Class B Subordinate Voting Shares (“Class B Shares”) representing approximately 3.2% of issued and outstanding Class B Shares as of August 1, 2025. On May 13, 2026, the Corporation received approval from the Toronto Stock Exchange to amend its normal course issuer bid in order to increase the maximum number of Class B Shares that may be repurchased to 7,000,000 Class B Shares, representing approximately 4.5% of the Class B Shares public float as of August 1, 2025. All shares purchased under the bid were cancelled.

On August 5, 2026, the Board of Directors of the Corporation authorized a normal course issuer bid for a maximum of 1,000,000 Class A Shares representing approximately 1.3% of issued and outstanding Class A Shares, and for a maximum of 7,000,000 Class B Shares representing approximately 4.7% of issued and outstanding Class B Shares as of July 31, 2026. The purchases can be made from August 15, 2026 to August 14, 2027, at prevailing market prices on the open market through the facilities of the Toronto Stock Exchange or other alternative trading systems in Canada. All shares purchased under the bid will be cancelled.

During the first nine months of 2026, the Corporation repurchased and cancelled 3,899,900 Class B Shares for a total cash consideration of $237.6 million (3,740,908 Class B Shares repurchased and cancelled for a total cash consideration of $140.0 million in 2025) and 24,333 Class B Shares were issued following the exercise of stock options for a total cash consideration of $0.8 million (217,221 Class B Shares issued for a total cash consideration of $6.6 million in 2025).

Dividends declared

On November 4, 2026, the Board of Directors of Quebecor declared a quarterly dividend of $0.45 per share on its Class A Shares and Class B Shares, payable on December 15, 2026 to shareholders of record at the close of business on November 20, 2026. This dividend is designated an eligible dividend, as provided under subsection 89(14) of the Canadian Income Tax Act and its provincial counterpart.

Detailed financial information

For a detailed analysis of Quebecor’s third quarter 2026 results, please refer to the Management Discussion and Analysis and condensed consolidated financial statements of Quebecor, available on the Corporation’s website at www.quebecor.com/en/investors/financial‑documentation and the SEDAR+ website at www.sedarplus.ca.

Conference call for investors and webcast

Quebecor will hold a conference call to discuss its third quarter 2026 results on November 5, 2026, at 9:00 a.m. EST. There will be a question period reserved for financial analysts. To access the conference call, please dial 1‑800‑990‑4777. The conference call will also be broadcast live on Quebecor’s website at www.quebecor.com/en/investors/conferences‑and‑annual‑meeting. A recording will be available at the same address until February 3, 2027 for anyone unable to attend the call.

Cautionary statement regarding forward‑looking statements

The statements in this press release that are not historical facts are forward‑looking statements and are subject to significant known and unknown risks, uncertainties and assumptions that could cause Quebecor’s actual results for future periods to differ materially from those set forth in forward‑looking statements. Forward‑looking statements may be identified by the use of the conditional or by forward‑looking terminology such as the terms “plans,” “expects,” “may,” “anticipates,” “intends,” “estimates,” “projects,” “seeks,” “believes,” or similar terms, variations of such terms or the negative of such terms. Some important factors that could cause actual results to differ materially from those expressed in these forward‑looking statements include, but are not limited to:

Quebecor’s ability to continue successfully developing its network and the facilities that support its mobile services;general economic and political climate, financial and economic market conditions, including hyperinflation in Turkey, global business challenges, such as tariffs and trade barriers, as well as market conditions and variations in the businesses of local, regional and national advertisers in Quebecor’s newspapers, television outlets and other media properties;Quebecor’s ability to implement its business and growth strategies successfully;the intensity of competitive activity in the industries in which Quebecor operates and its ability to penetrate new markets and successfully develop its business, including in growth sectors and new geographies;fragmentation of the media landscape and its impact on the advertising market and the media properties of Quebecor;new technologies that might change consumer behaviour with respect to Quebecor’s product suites;impacts related to cybersecurity and the protection of personal information;unanticipated higher capital spending required for developing Quebecor’s network or to address the continued development of competitive alternative technologies, or the inability to obtain additional capital to continue the development of Quebecor’s business segments;the impacts of the significant and recurring investments that will be required for development and expansion and to compete effectively with the incumbent local exchange carriers and other current or potential competitors in the Telecommunications segment’s target markets;disruptions to the network through which Quebecor provides its television, Internet access, mobile and wireline telephony and over-the-top (“OTT”) video services, and its ability to protect such services against piracy, unauthorized access and other security breaches;labour disputes and strikes, service interruptions resulting from equipment breakdown, network failure, the threat of natural disasters, public‑health crises and political instability in some countries;changes in Quebecor’s ability to obtain services and equipment critical to its operations;impacts related to environmental issues;changes in laws and regulations, or in their interpretations, which could result, among other things, in increased competition, changes in Quebecor’s markets, increased operating expenses, capital expenditures or tax expenses, or a reduction in the value of some assets; and Quebecor’s indebtedness, interest rate and exchange rate fluctuations, the tightening of credit markets and the restrictions on its business imposed by the terms of its debt.

The forward‑looking statements in this document are made to provide investors and the public with a better understanding of the Corporation’s circumstances and are based on assumptions it believes to be reasonable as of the day on which they are made. Investors and others are cautioned that the foregoing list of factors that may affect future results is not exhaustive and that undue reliance should not be placed on any forward‑looking statements. For more information on the risks, uncertainties and assumptions that could cause the Corporation’s actual results to differ from current expectations, please refer to the Corporation’s public filings, available at www.sedarplus.ca and www.quebecor.com, including, in particular, the “Trend Information” and “Risks and Uncertainties” sections of the Corporation’s Management Discussion and Analysis for the year ended December 31, 2025.

The forward‑looking statements in this document reflect the Corporation’s expectations as of November 5, 2026, and are subject to change after that date. The Corporation expressly disclaims any obligation or intention to update or revise any forward‑looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

About Quebecor

Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best‑performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor’s subsidiaries and brands are differentiated by their high‑quality, multiplatform, convergent products and services.

Quebecor (TSX: QBR.A, QBR.B) is headquartered in Québec and employs more than 11,000 people in Canada.

A family business founded in 1950, Quebecor is strongly committed to the community. Every year, it actively supports more than 400 organizations in the vital fields of culture, health, education, the environment and entrepreneurship.

Visit our website: www.quebecor.com

Follow us on X: www.x.com/Quebecor 

DEFINITIONS 

Adjusted EBITDA

In its analysis of operating results, the Corporation defines adjusted EBITDA, as reconciled to net income under IFRS, as net income before depreciation and amortization, financial expenses, restructuring, impairment of assets and other, other items and income taxes. Adjusted EBITDA as defined above is not a measure of results that is consistent with IFRS. It is not intended to be regarded as an alternative to IFRS financial performance measures or to the statement of cash flows as a measure of liquidity. This measure should not be considered in isolation or as a substitute for other performance measures prepared in accordance with IFRS. The Corporation’s management and Board of Directors use this measure in evaluating its consolidated results as well as the results of the Corporation’s operating segments. This measure eliminates the significant level of impairment and depreciation/amortization of tangible and intangible assets and is unaffected by the capital structure or investment activities of the Corporation and its business segments.

Adjusted EBITDA is also relevant because it is a component of the Corporation’s annual incentive compensation programs. A limitation of this measure, however, is that it does not reflect the capital expenditures and acquisitions of spectrum licences needed to generate revenues in the Corporation’s segments. The Corporation also uses other measures that do reflect capital expenditures, such as adjusted cash flows from operations and free cash flows. The Corporation’s definition of adjusted EBITDA may not be the same as similarly titled measures reported by other companies.

Table 2 provides a reconciliation of adjusted EBITDA to net income as disclosed in Quebecor’s condensed consolidated financial statements.

Table 2
Reconciliation of adjusted EBITDA to the net income measure used in the condensed consolidated financial statements
(in millions of Canadian dollars)

Adjusted net income

The Corporation defines adjusted net income, as reconciled to net income attributable to shareholders under IFRS, as net income attributable to shareholders before restructuring, impairment of assets and other, and other items, net of income tax and non‑controlling interest related to adjustments. Adjusted net income as defined above is not a measure of results that is consistent with IFRS. It should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The Corporation uses adjusted net income to analyze trends in the performance of its businesses. The above‑listed items are excluded from the calculation of this measure because they impair the comparability of financial results. Adjusted net income is more representative for forecasting income. The Corporation’s definition of adjusted net income may not be the same as similarly titled measures reported by other companies. 

Table 3 provides a reconciliation of adjusted net income to the net income attributable to shareholders measure used in Quebecor’s condensed consolidated financial statements.

Table 3

Reconciliation of adjusted net income to the net income attributable to shareholders measure used in the condensed consolidated financial statements

(in millions of Canadian dollars)

Adjusted cash flows from operations and free cash flows

Adjusted cash flows from operations

Adjusted cash flows from operations represents adjusted EBITDA less capital expenditures (excluding spectrum licence acquisitions). Adjusted cash flows from operations represents funds available for interest and income tax payments, expenditures related to restructuring programs, business acquisitions, acquisitions of spectrum licences, payment of dividends, repayment of long‑term debt and lease liabilities, and share repurchases. Adjusted cash flows from operations is not a measure of liquidity that is consistent with IFRS. It is not intended to be regarded as an alternative to IFRS financial performance measures or to the statement of cash flows as a measure of liquidity. Adjusted cash flows from operations is used by the Corporation’s management and Board of Directors to evaluate the cash flows generated by the operations of all of its segments, on a consolidated basis, in addition to the operating cash flows generated by each segment. Adjusted cash flows from operations is also relevant because it is a component of the Corporation’s annual incentive compensation programs. The Corporation’s definition of adjusted cash flows from operations may not be identical to similarly titled measures reported by other companies.

Free cash flows

Free cash flows represents cash flows provided by operating activities calculated in accordance with IFRS, less cash flows used for capital expenditures (excluding spectrum licence acquisitions), plus proceeds from disposal of assets. Free cash flows is used by the Corporation’s management and Board of Directors to evaluate cash flows generated by the Corporation’s operations. Free cash flows represents available funds for business acquisitions, acquisitions of spectrum licences, payment of dividends, repayment of long‑term debt and lease liabilities, and share repurchases. Free cash flows is not a measure of liquidity that is consistent with IFRS. It is not intended to be regarded as an alternative to IFRS financial performance measures or to the statement of cash flows as a measure of liquidity. The Corporation’s definition of free cash flows may not be identical to similarly titled measures reported by other companies.

Tables 4 and 5 provide a reconciliation of adjusted cash flows from operations and free cash flows to cash flows provided by operating activities reported in the condensed consolidated financial statements.

Table 4
Adjusted cash flows from operations
(in millions of Canadian dollars)

Table 5
Free cash flows and cash flows provided by operating activities reported in the condensed consolidated financial statements
(in millions of Canadian dollars)

Consolidated net debt leverage ratio

The consolidated net debt leverage ratio represents consolidated net debt divided by the trailing 12‑month adjusted EBITDA. Consolidated net debt consists of total long‑term debt, lease liabilities, short‑term borrowings, derivative financial instruments, and cash and cash equivalents. The consolidated net debt leverage ratio serves to evaluate the Corporation’s financial leverage and is used by management and the Board of Directors in decisions on the Corporation’s capital structure, including its financing strategy, and in managing debt maturity risks. The consolidated net debt leverage ratio is not a measure established in accordance with IFRS. It is not intended to be used as an alternative to IFRS measures or the balance sheet to evaluate the Corporation’s financial position. The Corporation’s definition of consolidated net debt leverage ratio may not be identical to similarly titled measures reported by other companies.

Table 6 provides the calculation of consolidated net debt leverage ratio and the reconciliation to balance sheet items reported in Quebecor’s condensed consolidated financial statements.

Table 6
Consolidated net debt leverage ratio
(in millions of Canadian dollars)

Key performance indicators

Revenue‑generating unit

The Corporation uses RGU, an industry metric, as a key performance indicator. An RGU represents a subscriber connection to the mobile or wireline telephony service or a subscription to the Internet access or television service. RGU is not a measurement that is consistent with IFRS and the Corporation’s definition and calculation of RGU may not be the same as identically titled measurements reported by other companies or published by public authorities.

Average monthly mobile revenue per unit

The Corporation uses mobile ARPU, an industry metric, as a key performance indicator. This indicator is calculated by dividing mobile telephony revenues by the average number of mobile RGUs during the applicable period, and then dividing the resulting amount by the number of months in the applicable period. Mobile ARPU is not a measurement that is consistent with IFRS and the Corporation’s definition and calculation of mobile ARPU may not be the same as identically titled measurements reported by other companies.

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SOURCE Québecor