Key Financial Data
- Total revenue: $708.7 million (-5.2% year-over)
- Gross profit: $81.7 million (-4.4%)
- EPS: $2.09 (-11%)
- Canadian telecom revenue: $372.9 million (-1.5%)
- American telecom revenue: $335.8 million (-9%)
- Breezeline broadband subscribers: 616,070 (-4.3%)
- Breezeline TV subscribers: 234,167 (-10.4%)
- Breezeline wireless subscribers: 111,946 (-10.5%)
- Breezeline fiber homes passed: 1,793,235 (+1.6%)
- Read more coverage of Q3 2025 media earnings
Breezeline continued to experience pressure on its broadband Internet and pay television business during the third quarter (Q3) of the year, even as the company built out its fiber network to serve more homes, according to financial information released on this week.
The data was presented in investor materials released by Canadian parent company Cogeco for its fourth fiscal quarter (Q4) of the year, which coincides with calendar Q3. During the quarter, Breezeline — which operates primarily in the eastern part of the U.S. — built its fiber-based network to serve nearly 28,000 new homes, the materials showed. The network now reaches nearly 1.8 million prospective customers.
Despite this, Breezeline continued to experience churn in its broadband and pay TV businesses, the reports revealed. Around 27,500 customers cut the cord on Breezeline’s broadband service between last year and this year, the materials showed, and slightly more than 27,000 did the same for its pay TV product.
Breezeline ended its fiscal Q4 with slightly more than 261,300 video customers and nearly 643,600 broadband Internet subscribers across its footprint.
Breezeline’s ongoing churn is not unique: Major telecom providers like Charter (Spectrum) and Comcast (Xfinity) also reported ongoing broadband losses as customers switch away from land-based services toward bundled fixed wireless product and alternatives like Starlink.
Wireless phone is where things are different: While Comcast and Charter have reported strong interest in their Spectrum Mobile and Xfinity Mobile products, Breezeline saw year-over declines in its wireless phone subscriber count. Breezeline ended Q4 with 111,900 wireless customers, down from nearly 125,100 reported around this time last year.
Higher churn across its various services chipped away at Breezelin’s revenue, which clocked in at $335.8 million during its fiscal Q4, or 9 percent lower than what it earned last year.
In a statement, Cogeco President and CEO Frédéric Perron said the company was laser-focused on carrying through the final part of a three-year transformation program in the U.S., which includes building out its broadband network and reigning in expenses.
“Years two and three will now increasingly focus on our top-line performance, driving additional customers, in addition to cost efficiencies, as per our original plan,” he said.
Perron pointed to “improving customer metrics” as proof that the company’s “turnaround efforts are starting to take hold,” though it wasn’t clear what data he was citing.
“We expect continued improvements in our subscriber trends over the coming quarters,” he affirmed, again without pointing to any particular metrics.
Breezeline bills itself as the eighth-largest cable operator in the country, offering phone, Internet and TV service in more than a dozen states. The company’s U.S. operations are headquartered in Massachusetts.
