TORONTO, February 13, 2025 – Tucows Inc. (NASDAQ:TCX, TSX:TC), a global internet services leader, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2024. All figures are in U.S. dollars.
“Tucows closed 2024 with strong operating revenue growth for the fourth consecutive year, showing the resilience of our business,” said Elliot Noss, Tucows President and CEO. “Adjusted EBITDA for the year reached the top of our guidance range, driven in large part by Ting’s improved results. While Q4 profitability was affected by an annual impairment charge for Ting and restructuring costs associated with workforce reductions, these were one-time impacts. Excluding these charges, we are seeing meaningful improvements across our key financial metrics as we continue to optimize revenue and cost efficiencies. Additionally, we made further progress in deleveraging the business, using cash flow from Wavelo and Tucows Domains to reduce our syndicated debt.”