Welcome to our dedicated page for Tucows news (Ticker: TCX), a resource for investors and traders seeking the latest updates and insights on Tucows stock.
Tucows Inc. (NASDAQ: TCX, TSX: TC) generates a steady stream of news as a global internet services company active in communications service technology, domain services, and fiber‑optic internet infrastructure. This news page aggregates press releases and media coverage related to Tucows, its operating segments, and its subsidiaries.
Readers can follow updates on Tucows Domains, which manages tens of millions of domain names and provides wholesale, retail, and registry services through a large global reseller network. News items in this area often cover domain industry partnerships, such as Tucows Registry’s agreement to provide back‑end registry services for Radix’s portfolio of top‑level domains, as well as developments in value‑added services for web hosts and ISPs.
Wavelo, Tucows’ telecom software subsidiary, is frequently featured in announcements about event‑driven software solutions for communications service providers. Coverage includes product launches like the "Free Your Data" offering, which aims to unlock data in legacy BSS/OSS systems and support AI strategies, as well as industry recognition such as TM Forum Customer Experience Management Conformance Certification.
Ting Internet appears in Tucows’ financial and strategic updates as the company reports on its fiber internet services and the evolution of Ting’s capital‑light model. Earnings releases provide segment‑level revenue, gross profit, and Adjusted EBITDA figures for Ting Internet, Wavelo, and Tucows Domains, along with commentary on margin expansion, capital efficiency, and AI‑driven efficiencies.
Investors and observers can also track corporate governance and leadership news, including board composition, committee leadership, and executive succession. Examples include the election of a diverse board with expertise in finance, technology, and data analytics, and the appointment of a new President and CEO drawn from Tucows Domains leadership.
Bookmark this page to review Tucows’ quarterly financial results, segment performance, strategic partnerships, product announcements from Wavelo, domain registry developments, and governance updates, all in one place.
On June 3, 2021, Ting Internet, part of Tucows (NASDAQ: TCX), announced a five-year partnership to rename Charlottesville Pavilion as Ting Pavilion. The venue opens its 2021 season on June 18, featuring the return of the Fridays After Five concert series. Ting Internet has served the Charlottesville community since 2014, expanding its fiber internet services and supporting local initiatives. Venue management emphasizes community engagement and economic impact. City Council approval for the name change is expected on June 7, 2021.
Ting Internet, a division of Tucows (NASDAQ: TCX), is among the first to support the Emergency Broadband Benefit initiated by the FCC. This program offers eligible customers up to $50 monthly off their internet bills, funded by a $3.2 billion allocation from Congress. The initiative aims to alleviate financial burdens related to broadband access during the pandemic. Ting Internet, active in 13 markets, continues to focus on digital inclusion, enhancing community connectivity through various support programs.
Tucows reported its Q1 2021 financial results, revealing a net revenue of $70.9 million, down 15.6% from $84.0 million in Q1 2020. The drop was primarily due to the transition from a Mobile Virtual Network Operator to a Mobile Services Enabler, resulting in reduced revenue from Mobile Services. Gross profit also fell 30.6% to $17.5 million. Despite these declines, Adjusted EBITDA remained steady at $12.7 million. The net income decreased by 24.2% to $2.1 million, reflecting higher depreciation costs.
Tucows Inc. (NASDAQ: TCX, TSX: TC) plans to report its Q1 2021 financial results on May 6, 2021, at 5:05 PM ET, followed by a pre-recorded audio commentary on its quarterly performance and future outlook. Shareholders and investors can submit questions until May 11, with responses posted on May 18. Tucows provides internet services, including Ting Internet for fiber access, and manages around 25 million domain names through various platforms. The upcoming financial results may impact investor sentiment.
Ting Internet, a division of Tucows (NASDAQ: TCX), announced an expansion into Dover and Kootenai, Idaho, enhancing access to fiber internet in the Greater Sandpoint region. The service aims to provide residents and businesses with true gigabit speeds, moving away from older cable infrastructure. Ting's pricing starts at $39 per month for 50 Mbps, with options for businesses beginning at $139 per month. Infrastructure development is underway, with services expected to launch later this year, supported by local interest and community partnerships.
Ting Internet, a division of Tucows, is launching its fiber-optic internet service in Encinitas, CA, marking the company's first market entry for 2021. This expansion adds Encinitas to the list of California cities already served by Ting: Culver City, Fullerton, and Solana Beach. The service aims to meet the growing demand for high-speed internet, especially during the pandemic. Ting's network will cover nearly 50,000 addresses, with pricing starting at $89 per month for residential services. Pre-orders are now available.
Tucows announced a stock buyback program to repurchase up to $40 million of its common stock, commencing February 10, 2021. This new buyback program will terminate on or before February 9, 2022, and follows the termination of a previous program with the same value. The shares bought back will be retired and returned to treasury. The timing and number of shares purchased will depend on market conditions and available cash. Tucows intends to fund the buyback from working capital and existing credit facilities, with 10,615,725 shares outstanding as of February 8, 2021.
Tucows reported a net revenue of $70.8 million for Q4 2020, down 17.6% year-over-year. The decrease was primarily due to the transition from a Mobile Virtual Network Operator to a Mobile Services Enabler model, impacting mobile service revenue. Gross profit fell 33.1% to $17.4 million. The net income dropped 64.2% to $2.1 million, with earnings per share at $0.19. Despite these declines, the Domains and Ting Internet businesses showed growth, with respective revenue increases of 6% and 67%.
Ting Internet, a division of Tucows (NASDAQ: TCX), is expanding its fiber Internet service to Culver City, California. This marks the city's inclusion as the third Ting Internet location in California, following Solana Beach and Fullerton. Network construction will begin in 2021, with services expected to launch by summer. Pre-orders for the service are currently open, offering a refundable $9 pre-order fee and additional credits. Ting aims to provide reliable, gigabit-speed Internet access to enhance community connectivity.
Tucows Inc. (NASDAQ:TCX) reported its Q2 2020 results, revealing net revenue of $82.1 million, a 2.4% decline from the previous year. Gross profit also decreased by 6.3% to $23.0 million. Net income plummeted 94% to $0.2 million, with basic EPS at $0.01. Excluding asset impairments, net income would have been $2.5 million. Adjusted EBITDA rose 6% to $12.2 million. Despite pandemic challenges, Tucows noted a strong performance in its Domains business and improvements in Ting Internet. Cash from operations increased by 28.1% year-over-year.