Cogent Communications Reports Third Quarter 2022 Results and Increases its Regular Quarterly Dividend on its Common Stock

PR Newswire - Thu Nov 3, 2022

WASHINGTON, Nov. 3, 2022 /PRNewswire/ --

Financial and Business Highlights

Cogent Communications Holdings, Inc. (NASDAQ: CCOI) ("Cogent") today announced service revenue of $150.0 million for the three months ended September 30, 2022, an increase of 1.0% from the three months ended June 30, 2022 and an increase of 1.4% from the three months ended September 30, 2021. Foreign exchange rates negatively impacted service revenue growth from the three months ended June 30, 2022 to the three months ended September 30, 2022 by $1.5 million and negatively impacted service revenue growth from the three months ended September 30, 2021 to the three months ended September 30, 2022 by $4.2 million. On a constant currency basis, service revenue increased by 2.0% from the three months ended June 30, 2022 to the three months ended September 30, 2022 and increased by 4.3% from the three months ended September 30, 2021 to the three months ended September 30, 2022.