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Cogent Communications — Third Quarter 2026 Earnings Summary

Cogent Communications reported third-quarter 2026 service revenue of $231.2 million, a 1.8% decrease from the previous quarter and a 4.4% decline year-over-year. Adjusted EBITDA for the period reached $73.9 million, reflecting a 3.9% sequential increase and a margin of 32.0%. During the quarter, the company purchased $118.4 million in par value of its 2032 secured notes and $50.0 million of its 2027 unsecured notes at discounts, generating combined gains of $11.4 million. Additionally, Cogent announced the suspension of its quarterly dividend program effective November 4, 2026, while maintaining total cash reserves of $181.3 million.

Company
COGENT COMMUNICATIONS HOLDINGS INC
Sector
Communication Services
Industry
Telecom Services