Tucows Q2 2024 revenue up 5.2% to $89.4M, adjusted EBITDA up 70% to $9.2M

TUCOWS INC /PA/

Revenue $89.4M (+5.2% YoY), gross profit $20.8M (+15.4% YoY), driven by Ting and Domains.
Net loss narrowed to $18.6M ($1.70 loss per share) from $31.0M ($2.86 loss per share) in Q2 2023.
Adjusted EBITDA $9.2M, +70% YoY; cash and equivalents $52.2M, down from $79.4M in Q1 2024.
Ting fiber revenue $14.6M, gross margin $9.8M, segment adj EBITDA loss improved to $6.4M from $10.3M.
Domains revenue $62.4M (adj EBITDA $11.2M); Wavelo revenue $10.5M (adj EBITDA $3.9M).

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