Financial Data and Key Metrics Changes - The company reported a 7% year-over-year growth in top-line revenue, reaching $98.6 million in Q3 2025 [4][17] - Gross profit increased by 9% year-over-year to $24.2 million, while adjusted EBITDA surged 53% to $13.3 million for the quarter [4][17] - Year-to-date adjusted EBITDA totaled $39.5 million, positioning the company well to meet its full-year guidance of $47 million [4][20] Business Line Data and Key Metrics Changes - Tucows Domains achieved a revenue growth of 5% year-over-year, with adjusted EBITDA at $12.1 million, also up 5% from the previous year [5][19] - WaveLow's revenue increased by nearly 18% year-over-year to $11.9 million, with adjusted EBITDA rising 25% to $4.3 million [10][19] - Ting's revenue reached $17 million, an 11% increase year-over-year, with adjusted EBITDA losses improving to $880,000 from $5.1 million in Q3 2024 [14][19] Market Data and Key Metrics Changes - The wholesale channel in Tucows Domains saw a revenue increase of 5% year-over-year, driven by strong reseller demand and higher-margin value-added services [5][6] - The retail segment experienced a modest revenue increase of 2% year-over-year, reflecting a stable performance despite a decline in total domains under management [7][8] Company Strategy and Development Direction - The company is formally involved in a process to sell the Ting business, aiming to strengthen its focus on the Domains and WaveLow segments [22] - The strategy includes divesting non-strategic assets, generating $8.5 million from such sales in Q3 2025 [15][18] - The management emphasizes disciplined capital allocation and the adoption of AI as key levers for future growth [21] Management's Comments on Operating Environment and Future Outlook - Management noted that operator sentiment remains cautious, with procurement cycles lengthening, but there is an increase in RFI and RFP activities, particularly around legacy replacement programs [12] - The company expects to continue benefiting from year-to-date tailwinds while ramping up investments in sales and marketing to drive customer acquisition [10][12] Other Important Information - The company revised its presentation of segment gross profit to align external reporting with internal management practices, which does not affect consolidated financials [17] - A non-cash impairment of $10.9 million related to Ting's inventory and lease assets was recorded, which is excluded from adjusted EBITDA [18] Q&A Session Summary - Questions were invited via email for a recorded response to be posted on the company's website [2][27] - The management team expressed gratitude for the support received over the years and emphasized the ongoing work ahead [25][26]