Telesat holds 2026 guidance after Q3 loss widens to C$47 million

Telesat kept its 2026 targets despite a wider third-quarter loss and a 20% revenue drop. Adjusted EBITDA fell to C$12.1 million from C$46.8 million. The company reaffirmed geostationary revenue of C$300 million to C$320 million and adjusted EBITDA of C$210 million to C$230 million. Backlog stood at C$779 million for geostationary and C$5.6 billion for low-Earth orbit.