Cogent Q3 Revenue Falls 1.8% to $231.2M as Margin Hits 32.0%
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WASHINGTON – November 05, 2026 -- Cogent Communications Holdings (NASDAQ: CCOI) reported third-quarter 2026 service revenue of $231.2 million, down 1.8% from Q2 and 4.4% from Q3 2025, while cost cuts lifted its adjusted EBITDA margin to 32.0% from 30.2% in the prior quarter.
Adjusted EBITDA rises 3.9% to $73.9 million on lower operating costs
EBITDA, as adjusted for cash payments under the T-Mobile IP transit agreement, reached $73.9 million, up from $71.1 million in Q2 and $73.8 million a year earlier. Network operations expenses, excluding equity-based compensation, fell 3.1% sequentially to $121.0 million. Selling, general and administrative expenses, on the same basis, declined 5.1% to $61.3 million. Capital expenditures fell 5.8% to $36.3 million.