Telesat Reports Financial Decline Amid Strategic Changes
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Telesat Corp ( (TSE:TSAT) ) just unveiled an update.
On November 4, 2025, Telesat announced its financial results for the quarter and nine months ended September 30, 2025. The company reported a 27% decrease in revenue for both periods compared to 2024, primarily due to lower rates and expired agreements with North American customers. Operating expenses increased by 26% for the quarter, driven by higher legal fees and LEO headcount growth. Telesat also reported a net loss of $121 million for the quarter, compared to a net income of $68 million in 2024, due to lower revenue and foreign exchange losses. The company distributed 62% of the equity in Telesat Lightspeed to an indirect subsidiary and appointed Donald Tremblay as CFO in August 2025.
The most recent analyst rating on (TSE:TSAT) stock is a Hold with a C$43.00 price target. To see the full list of analyst forecasts on Telesat Corp stock, see the TSE:TSAT Stock Forecast page.
Spark’s Take on TSE:TSAT Stock
According to Spark, TipRanks’ AI Analyst, TSE:TSAT is a Neutral.
Telesat Corp’s overall stock score reflects significant financial challenges, including declining revenues and high leverage, which weigh heavily on the score. Technical indicators provide some positive momentum, but valuation concerns due to negative profitability and lack of dividends further impact the score. The mixed sentiment from the earnings call adds to the cautious outlook.
To see Spark’s full report on TSE:TSAT stock, click here.
More about Telesat Corp
Telesat is one of the largest and most innovative global satellite operators, providing critical connectivity solutions to tackle complex communications challenges. The company is known for its Telesat Lightspeed, a state-of-the-art Low Earth Orbit (LEO) satellite network optimized for telecom, government, maritime, and aeronautical customers, offering high-capacity, secure, and resilient connectivity.
Average Trading Volume: 16,057
Technical Sentiment Signal: Buy
Current Market Cap: C$614.9M
For detailed information about TSAT stock, go to TipRanks’ Stock Analysis page.
