Table:
0
A
B
C
D
E
F
1
Years ended August 31,
2019 (1)
2018 (2)
Change
Change in constant currency (3)
Foreign exchange impact (3)
2
(in thousands of dollars, except percentages)
$
$
%
%
$
3
Revenue
2,331,820
2,147,404
8.6
6.8
37,433
4
Operating Expenses
1,203,980
1,121,625
7.3
5.4
21,636
5
Management fees – Cogeco Inc.
19,900
18,961
5.0
5.0
-
6
Adjusted EBITDA
1,107,940
1,006,818
10.0
8.5
15,797
7
Adjusted EBITDA margin
47.5%
46.9%

Questions and formulas:
Question: What is the increase / (decrease) in revenue from 2018 to 2019?
Formula: B3 - C3
Formula2: B3 - C3
Level: Calculation
Question: What was the average operating expenses between 2018 and 2019?
Formula: (B4 + C4) / 2
Formula2: (B4 + C4) / 2
Level: Calculation
Question: What was the increase / (decrease) in the Adjusted EBITDA from 2018 to 2019?
Formula: B6 - C6
Formula2: B6 - C6
Level: Calculation