Tucows Q3 Adjusted EBITDA Jumps 39.8% to $18.6M on Mobile Re-Rate
Toronto – November 06, 2026 -- Tucows Inc. (NASDAQ: TCX) (TSX: TC) reported third-quarter 2026 adjusted EBITDA of $18.6 million, up 39.8% year over year and 51% from the prior quarter, driven mainly by a one-time re-rate of its mobile contract in the Corporate segment.
Gross profit rises 20.5% on non-recurring contract renegotiation
Consolidated net revenue increased 1.4% year over year to $100.0 million, with growth at Ting driving the gain. Gross profit climbed 20.5% to $29.1 million and improved 13% sequentially. Tucows attributed both gains primarily to the large, non-recurring re-rate from renegotiating the mobile contract, plus year-over-year growth at Ting.
Ting also posted strong adjusted EBITDA year over year and sequentially, but the Corporate segment's mobile contract re-rate was the main driver of the quarter's result.