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( C ) CoGeco News Release FOR IMMEDIATE RELEASE • • • • COGECO RELEASES ITS FINANCIAL RESULTS FOR THE THIRD QUARTER OF FISCAL 2021 Revenue increased by 3.7 % ( 9.3 % in constant currency ( ¹ ) ) compared to the same period of the prior year to reach $ 649.3 million ; Adjusted EBITDA ( ¹ ) reached $ 302.3 million , an increase of 1.3 % ( 6.2 % in constant currency ) ; Free cash flow ( ¹ ) reached $ 136.6 million , an increase of 14.6 % ( 14.9 % in constant currency ) ; Cogeco Communications announced the acquisition of Wide OpenWest's Ohio broadband systems ; and • A quarterly eligible dividend of $ 0.545 was declared . Montréal , July 14 , 2021 - Today , Cogeco Inc. ( TSX : CGO ) ( " Cogeco " or the " Corporation " ) announced its financial results for the third quarter ended May 31 , 2021 , in accordance with International Financial Reporting Standards ( " IFRS " ) . OPERATING RESULTS For the third quarter of fiscal 2021 : • Revenue increased by 3.7 % to reach $ 649.3 million . On a constant currency basis , revenue increased by 9.3 % , mainly explained as follows : ( 1 ) о ° о Canadian broadband services revenue increased by 10.2 % as a result of the DERYtelecom acquisition completed on December 14 , 2020 , the cumulative effect of sustained demand for residential high - speed Internet since the beginning of the pandemic and rate increases implemented for certain services , partly offset by a retroactive adjustment of $ 4.6 million recognized following the CRTC's decision on aggregated wholesale Internet rates during the third quarter of fiscal 2021 and a decline in video and telephony service customers as some customers have migrated to Internet - only services . Excluding the acquisition of DERYtelecom and the impact of the $ 4.6 million adjustment mentioned above , revenue in constant currency increased by 3.0 % . American broadband services revenue increased by 7.2 % in constant currency resulting mainly from a higher Internet service customer base , rate increases implemented for certain services and last year's temporary waiving of late fees charged to customers as a relief measure in the context of the COVID - 19 pandemic , which were reinstated in all states by September 2020 . Revenue in the media activities increased by 23.6 % , mainly following the easing of public health restrictions , whereby last year's third quarter radio advertising revenue was directly impacted by COVID - 19 related lockdown measures . The indicated terms do not have standardized definitions prescribed by IFRS and , therefore , may not be comparable to similar measures presented by other companies . For more details , please consult the " Non - IFRS financial measures " section of this press release , including reconciliation to the most comparable IFRS financial measures .