Earnings ·
Telesat reports Q3 revenue of C$81M, adjusted EBITDA of C$12M
TSATTelesat Corp
Telesat reported consolidated revenue of $81 million for the quarter ended September 30, 2026, a decrease of 20% from the prior year period. Adjusted EBITDA fell 74% to $12 million, while the net loss widened to $157 million compared to $121 million in the previous year. The results were impacted by lower revenue in the GEO segment and higher expenses related to debt refinancing processes. For the nine-month period, consolidated revenue decreased 24% to $247 million, with adjusted EBITDA declining 60% to $69 million. Telesat reiterated its 2026 GEO guidance and adjusted its Lightspeed spending forecast downward. The company operates in the global satellite communications industry.