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Telesat Q3 net loss widens 30% to CAD 157.22 million; Q3 revenue falls 20% to CAD 80.63 million

PUBT·10/29/2026 11:16:09
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Telesat Q3 net loss widens 30% to CAD 157.22 million; Q3 revenue falls 20% to CAD 80.63 million
  • Telesat's third-quarter net loss widened 30% to CAD 157.22 million, while revenue fell 20% year-over-year to CAD 80.63 million.
  • Nine-month net loss widened year-over-year to CAD 866.72 million, while revenue dropped 24% to CAD 247.18 million.
  • An August agreement with Canada's Defence Investment Agency totaled CAD 2.7 billion, including options, for Lightspeed military services.
  • Expected 2026 Lightspeed spending was lowered to CAD 1.1 billion–CAD 1.3 billion, reflecting satellite and launch payment timing.
  • Management expects Lightspeed high-latitude commercial service to begin around the end of the first quarter of 2028.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Telesat Corporation published the original content used to generate this news brief on October 29, 2026, and is solely responsible for the information contained therein.