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Reports Q1 revenues C$1.09B vs. C$1.09B last year. Comments by Pierre Karl Peladeau, President and CEO of Quebecor, "In the first quarter of 2022, Quebecor continued to perform well in a competitive environment in Quebec, increasing RGUs in mobile, Internet access and OTT services, and growing the market share of TVA Network and the specialty channels. To maintain its leading position amidst the accelerating proliferation of content and of distribution platforms, the Corporation stepped up its spending on content. While these investments had a short-term adverse impact on profitability, as evidenced by the 2.3% decline in adjusted EBITDA in the first quarter of 2022, the Corporation maintained financial discipline: we generated 2.8% growth in adjusted cash flows from operations and increased available liquidity to $1.65 billion as of the end of the first quarter of 2022. Videotron generated $344.6 million in adjusted cash flows from operations in the first quarter of 2022, an increase of 10.1%. Videotron's flagship mobile telephone and Internet access services continued to attract growing numbers of customers, with increases of 123,200 connections, or 8.2%, and 41,200 customers, or 2.3%, respectively, over the past 12 months. Driven by rich and diverse content, our OTT services also performed strongly, posting a 9.0% increase over the past 12 months. With their diverse, constantly updated selection of original content, Vrai and Club illico now have more than half a million subscribers, a strong indication of the soundness of our choices and investments in the production of Quebec content. The recent Competition Bureau decision against the Rogers Communications Inc. bid to acquire the assets of Shaw Communications, coupled with statements from the Department of Innovation, Science and Economic Development, allow us to look with increasing favour on the expansion of our wireless business, in view of the prospect that we will have the alternatives of acquiring Shaw's wireless assets which might have to be divested by Rogers, or launching a telecom offering in the Canadian provinces where we have acquired - despite TELUS' legal challenge - the spectrum needed to start up our operations. We believe that these alternatives position us very favourably, as governmental and administrative authorities, including the Canadian Radio-television and Telecommunications Commission, pursue the public policy of establishing the conditions for true competition in wireless services in Canada. Our undeniable success, as evidenced by our market share of more than 22% in Quebec, demonstrates our multidimensional expertise. We would apply that expertise with equal energy in the other parts of Canada. The opportunities are many and the alternatives promising. The increase in investment by TVA Group, particularly in variety programming and series for the TVA Network, has proven to be a sound move. TVA Network gained 0.7 points in market share in the first quarter of 2022 and had four of the top five shows in Quebec during the period. The combined market share of the TVA Network and the specialty channels was 40.6% in the first quarter of 2022, up 1.2 points from the same quarter of 2021. As a result of the increase in total advertising revenues from broadcasting activities, combined with the impact of higher volume in production and distribution services, as well as in film and audiovisual services, TVA Group posted a $3.7 million increase in revenues in the first quarter of 2022. We have a solid foundation on which to build and we're upbeat about the future. We are staying focused on the disciplined execution of our strategic priorities and sound management of our assets, guided by our commitment to creating long-term value for all our stakeholders."