Tucows (TCX) Reports 45% Annual Adjusted EBITDA Growth Despite Q4 Decline

Group 1 - Tucows Inc. reported a full-year 2025 revenue increase of 8% to $390.3 million and a 45% surge in Adjusted EBITDA to $50.6 million, despite a 14% year-over-year decline in Q4 Adjusted EBITDA to $11.1 million due to legacy mobile business obligations [1][4] - The company is actively divesting its Ting assets, with management stating that the sale process is ongoing and not affected by market volatility, although the timeline is dependent on complex diligence and stakeholder coordination [2] - For 2026, Tucows issued a conservative margin outlook for its Wavelo division, considering potential losses from Ting-related service fees and the impact of internal investments made in mid-2025 [4] Group 2 - Tucows operates in the domain name registration, email, and internet-related services sectors in North America and Europe, through three segments: Ting, Wavelo, and Tucows Domains [5] - The company reported $20.9 million in unrestricted cash (excluding Ting) and is committed to continuing the deleveraging of its syndicated debt [4]