• EN

    • -+ 0.00%
    -+ 0.00%
    -+ 0.00%

    Yellow Pages (TSX:Y) Stock Income Appeal Meets A Shrinking Revenue Base

    Simply Wall St·08/07/2026 23:33:54
    Listen to the news

    Yellow Pages stock came into this earnings release quietly ahead, with a 30 day gain of about 3.5%, and now sits near CA$13.20. The market has treated this as a steady income story, but the headline from the numbers is different. Q2 revenue is CA$47.6m, while net income is CA$3.3m and basic earnings per share are CA$0.25. The board has supported that with a CA$0.25 dividend and a CA$25.3m buyback. The short term story is focused on how long that level of cash return can be sustained.

    Love the steady income story at Yellow Pages but unsure how long these dividends and buybacks can stay at this pace? Take a look at our 7 dividend fortresses.

    Q2 2026 Earnings Summary

    • Revenue, Q2 2026 vs. Q2 2025: CA$47.6m vs. CA$51.7m (declined 8%)
    • Net Income, Q2 2026 vs. Q2 2025: CA$3.3m vs. CA$1.5m (up 114%)
    • Basic EPS, Q2 2026 vs. Q2 2025: CA$0.25 vs. CA$0.11 (up 120%)
    • Adjusted EBITDA Margin, Q2 2026 vs. Q2 2025: 19.1% vs. 20.7% (margin declined by 1.6 percentage points)

    Prefer clear visuals over scrolling through dense financial tables? Get a full picture of Yellow Pages and its dividend profile in an interactive format with our company report for Yellow Pages.

    TSX:Y Trailing 12-Month Revenue & Expenses Breakdown as at Aug 2026
    TSX:Y Trailing 12-Month Revenue & Expenses Breakdown as at Aug 2026

    Yellow Pages income story still has support

    For investors focused on income, Yellow Pages still looks aligned with a cautious bullish view. Revenue declined 8% year on year, yet adjusted EBITDA of CA$9.1m and net income of CA$3.3m show the business is still producing cash. The board backed that with a CA$0.25 dividend and a CA$25.3m buyback. Cash on hand sat near CA$38m at July 31. Digital revenue fell 6.2%, but higher spend per remaining customer helped soften the blow. Cost savings and lower finance charges are doing real work to keep the income narrative alive.

    Revenue pressure keeps the Yellow Pages bear case alive

    The bearish view that Yellow Pages is a shrinking directory and marketing business still finds support in these numbers. Total revenue fell 8%, with digital down 6.2% and print down 14.8%. Adjusted EBITDA declined 15.1% and margin slipped from 20.7% to 19.1%, pressured by product mix, higher bad debt and compensation effects. Management also flagged ongoing revenue and margin pressure and did not introduce new growth initiatives. The business remains profitable, but the direction of the top line and margin leaves little room for complacency about the long term profile.

    After this level of revenue and margin pressure, it is worth asking if Yellow Pages has deeper structural issues. Review our risk analysis for Yellow Pages which shows 1 important warning sign.

    Stay Ahead With Simply Wall St

    If the mix of income support and revenue pressure at Yellow Pages has you watching for a better entry point, register for free with Simply Wall St and add it to your Watchlist to track price against fair value and key earnings updates. Once you are invested, use the Portfolio Command Center to keep your holdings organised and focus on the most important changes instead of day to day noise. For a broader view on Yellow Pages and other ideas, tap into the Community to see how different investors are thinking about the same risks and opportunities. By surfacing potential catalysts and warning signs early, Simply Wall St helps you assess information more quickly, make more informed decisions and stay a step ahead of the market.

    Seeking Alternatives Beyond Yellow Pages?

    Fresh ideas move fast. Some stocks are building quiet breakout momentum while others get caught dropping after the crowd arrives. Scan under the radar for now and act now.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.