Cogent Communications Reports Q3 2026 Results with Improved EBITDA Margins and Wavelength Growth
Cogent Communications Holdings, Inc. (CCOI) reported third-quarter 2026 financial results characterized by a strategic shift toward higher-margin on-net services. While total service revenue saw a slight sequential decline of 1.8% to $231.2 million, the company achieved an improved Adjusted EBITDA margin of 32.0%, up from 30.2% in the previous quarter. The company's Wavelength segment showed strong momentum, with revenue growing 57% year-over-year to $16.0 million. However, management noted several operational headwinds, including supply chain constraints driving up equipment costs and power availability issues delaying service activations for wavelength products. Additionally, the company experienced higher-than-average sales representative turnover during the period.
Topics: adjusted ebitda headcount reduction net debt service revenue wavelength revenue
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