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Shaw Communications Q1 revenue up 2.7% to $1.32 billion

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Christian Fernsby |
Shaw Communications
Shaw Communications   Consolidated revenue increased 2.7%

Shaw Communications announced consolidated financial and operating results for the quarter ended May 31, 2019, reported in accordance with the newly adopted IFRS 15 accounting standard, Revenue from contracts with customers (IFRS 15).

Consolidated revenue increased 2.7% to $1.32 billion compared to the third quarter in fiscal 2018 and operating income before restructuring costs and amortization decreased 1.5% year-over-year to $530 million.

Excluding adjustments related to a $13 million retroactive roaming benefit in the third quarter of fiscal 2018 and a $15 million payment to address certain intellectual property (IP) licensing matters in the third quarter of fiscal 2019, consolidated operating income before restructuring costs and amortization increased 3.8% to $545 million in the quarter.


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