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FINWIRES

Yellow Pages' Q1 Net Income Slides YoY

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Canadian digital media and marketing company Yellow Pages (Y.TO) saw a drop in net income year over year in the first quarter on lower Adjusted EBITDA amid global economic challenges that impacted its revenue initiatives, the company said Thursday.

The company posted a net income of C$4.1 million, or $0.30 per diluted share, in the three months ended March 31, down from near $5.0 million, or $0.35 per share diluted, in the previous year.

Revenue fell to $46.83 million in the first quarter from $50.8 million a year ago, while adjusted EBITDA dropped to just over $9.0 million from near $11.9 million.

It said the decrease in revenues is mainly due to the decline of its higher margin digital media and print products and to a lesser extent to its lower margin digital services products, thereby creating pressure on gross profit margins. The total revenues decline of 7.8% for the three-month period ended March 31, 2026 compares to 7.6% reported for the same period last year. The higher decline rate is driven by the decline in print revenue while the decline rate for digital has improved.

The company declared a dividend of $0.25 per common share, to be paid June 15 to shareholders of record as of May 25. The dividend was unchanged from the previous quarter.

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