Intraday Data provided by FACTSET and subject to terms of use. For a detailed analysis of Quebecor's second quarter 2020 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 or from the SEDAR filing service at www.sedar.com. Such purchases shall be made at the discretion of the designated broker, within parameters established by the Corporation prior to the blackout periods. The average daily trading volume of the Class A Shares and Class B Shares of the Corporation between February 1, 2020 and July 31, 2020 on the TSX was 2,162 Class A Shares and 509,188 Class B Shares. Net income attributable to shareholders: $306.5 million ($1.21 per basic share) in the first half of 2020, compared with $329.2 million ($1.29 per basic share) in the same period of 2019, a decrease of $22.7 million ($0.08 per basic share). The Telecommunications segment provides mobile devices and services under contracts with multiple deliverables and for a fixed period of time.
"The impact of the health crisis led to a significant decline in our advertising revenues, a large reduction in the number of sporting events broadcast by TVA Sports – including postponement of the National Hockey League playoffs until the third quarter of 2020 – and the suspension of most content-production activities.

Cash flows from operations represents funds available for interest and income tax payments, expenditures related to restructuring programs, business acquisitions, licence acquisitions and renewals, payment of dividends, repayment of long‑term debt and share repurchases. It should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Adjusted EBITDA: $475.7 million, a $20.7 million (4.5%) increase.

Reconciliation of the adjusted EBITDA measure used in this press release to the net income measure used in the condensed consolidated financial statements. Quebecor 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. here Quebecor consolidates the financial results of Quebecor Media Inc. ("Quebecor Media"), a wholly owned subsidiary since June 22, 2018. This dividend is designated an eligible dividend, as provided under subsection 89(14) of the Canadian Income Tax Act and its provincial counterpart. Following this transaction, the contributed surplus was increased by $3.0 million and the stock option plan liability was reduced by the same amount. An RGU represents, as the case may be, subscriptions to the cable Internet, cable television and Club illico services, and subscriber connections to the mobile telephony and cable telephony services. We have worked tirelessly to continue providing essential telecommunications and news media services throughout Québec, while prioritizing the health and safety of our customers, the public and our employees. View qbcaf business summary and other industry information.

In its analysis of operating results, the Corporation defines adjusted EBITDA, as reconciled to net income under International Financial Reporting Standards ("IFRS"), as net income before depreciation and amortization, financial expenses, gain on valuation and translation of financial instruments, restructuring of operations and other items, income taxes and income from discontinued operations. Terms of Use Privacy Policy Disclosures Member User Agreement Corrections Cookies, 612, rue Saint-Jacques, Corporate secretariat, 18th floor. Cash flows from operations and free cash flows from continuing operating activities. peer companies that do receive analyst-driven ratings. This site is protected by reCAPTCHA and the Google Every year, it actively supports more than 400 organizations in the vital fields of culture, health, education, the environment, and entrepreneurship. This indicator is used to measure monthly average subscription billing per RGU. Quebecor Inc. announces 78% increase in quarterly dividend and reports consolidated results for fourth quarter and full year 2019 ... Conference call for investors and webcast. It should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Moderna CEO eyes December for COVID vaccine, Asian markets pull back as hopes fade for U.S. stimulus, Goldman to settle Justice Department’s 1MDB probe for more than $2 billion: report, Intel reaches $9 billion deal to sell NAND unit to SK Hynix, California’s fabled wine region is having ‘the most horrible, devastating and catastrophic year’, She said Tesla could hit $15,000 a share, and then billions of dollars came pouring in to her fund, Exxon, after Trump’s hypothetical bribery comment: ‘Just so we’re all clear, it never happened’, How Washington’s inability to budget could still mean a stimulus before 2021, New nuclear missile arsenal to cost around $96 billion, Pentagon says, Mics to be cut off at Thursday’s presidential debate to allow 2-minute answers. The purchases can be made from August 15, 2020 to August 14, 2021, at prevailing market prices on the open market through the facilities of the Toronto Stock Exchange ("TSX") or other alternative trading systems. The above‑listed items are excluded from the calculation of this measure because they impair the comparability of financial results. As well, TVA Group unscrambled the LCN all‑news channel until June 30, 2020 to give Quebecers real‑time access to all developments in the health crisis, and it also continues to broadcast television content on its distribution channels. Highlights 2018 financial year and recent developments Instructions and links to free player downloads are available at the Internet address shown above. ", See "Adjusted income from continuing operating activities" under "Definitions. click The Corporation also announced that on or around August 7, 2020 it will enter into an automatic securities purchase plan ("the plan") with a designated broker whereby shares may be repurchased under the plan at times when such purchases would otherwise be prohibited pursuant to regulatory restrictions or self‑imposed blackout periods. Mobile ABPU is calculated by dividing the average subscription billing for mobile telephony services 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. We note that hedge funds don't have a meaningful investment in Quebecor. Cash flows from continuing operating activities: $393.5 million, a $104.3 million increase due primarily to the favourable net change in non‑cash balances related to operating activities. Between August 15, 2019 and July 31, 2020, of the 1,000,000 Class A Shares and 6,000,000 Class B Shares it was authorized to repurchase under its previous normal course issuer bid, the Corporation repurchased no Class A Shares and 5,783,556 Class B Shares at a weighted average price of $30.29539 per share on the open market through the facilities of the TSX and alternative trading systems.
The Sports & Entertainment segment provides book publishing, music distribution and production operations.

Adjusted income from continuing operating activities: The Telecommunications segment grew its revenues by, Videotron Ltd. ("Videotron") significantly increased its revenues from customer equipment sales (, Videotron's total average billing per unit ("ABPU") was. This metric will henceforth be used to measure the cash flows generated by the operations of all the business segments, on a consolidated basis, in addition to the cash flows from operations generated by each segment. Privacy Policy and The Corporation uses adjusted income from continuing operating activities to analyze trends in the performance of its businesses. For more information on the risks, uncertainties and assumptions that could cause Quebecor's actual results to differ from current expectations, please refer to Quebecor's public filings, available at www.sedar.com and www.quebecor.com, including, in particular, the "Risks and Uncertainties" section of Quebecor's Management Discussion and Analysis for the year ended December 31, 2019, and the "Risks and Uncertainties Update" section of Quebecor's Management Discussion and Analysis for the period ended June 30, 2020. MONTRÉAL, Aug. 6, 2020 /PRNewswire/ - Quebecor Inc. ("Quebecor" or the "Corporation") today reported its consolidated financial results for the second quarter of 2020. Historical and current end-of-day data provided by FACTSET. Adjusted income from continuing operating activities: $144.9 million ($0.57 per basic share) in the second quarter of 2020, compared with $136.2 million ($0.53 per basic share) in the same period of 2019, an increase of $8.7 million ($0.04 per basic share) or 6.4%. Outside the blackout periods, purchases will be made at the discretion of the Corporation's management. To access the conference call, please dial 1 877 293‑8052, access code for participants 48006#.


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