Telesat Q3 Net Loss Widens

07:41 AM EDT, 10/29/2026 (MT Newswires) -- Telesat (TSAT.TO, TSAT) reported third quarter net loss per common share of CA$3.09 compared with CA$2.38, a year earlier. Analysts polled by FactSet expected CA$0.98 loss per share. Consolidated revenue decreased to CA$80.6 million in the three months ended Sept. 30, 2026, compared with CA$101.1 million, in the same period of the prior year. Analysts expected revenue of CA$77.1 million. The company also reiterated its 2026 GEO segment revenue guidance to be between CA$300 million and CA$320 million, and GEO adjusted EBITDA to be between CA$210 million and CA$230 million, excluding non-recurring debt refinancing costs. Shares of the company closed down 2.96% to CA$63.87 on Wednesday on the Toronto Stock Exchange.