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Rogers Communications Beats Revenue Estimates on Media Unit Strength
Higher media revenue and lower capital spending lifted Rogers' free cash flow outlook to C$4.1 billion to C$4.3 billion, analysts said.
- On Wednesday, Rogers Communications Inc. reported a first-quarter profit of $438 million, up from $280 million last year, as revenue reached $5.48 billion. The company earned $1.01 per share on an adjusted basis, matching analyst expectations.
- Expanding its subscriber base, Rogers added 28,000 postpaid mobile subscribers, significantly beating the 7,630 expected by analysts. Media revenue grew 82% to C$988 million following the firm's increased stake in Maple Leaf Sports and Entertainment.
- Chief Executive Officer Tony Staffieri announced the company raised its 2026 free cash flow outlook to between $4.1 billion and $4.3 billion. He cited plans to monetize sports assets and accelerate deleveraging.
- Prior to the earnings release, Rogers shares dropped nearly 15% in April, outpacing declines at BCE and Telus. Cowen analyst Vince Valentini downgraded the three companies in early April.
- Rogers also lowered its capital expenditure outlook for 2026 to between $2.5 billion and $2.7 billion, down from the previous January forecast of $3.3 billion to $3.5 billion. This reflects updated financial discipline.
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23 Articles
23 Articles
The Toronto Star+4 Reposted by 4 other sources
Rogers Communications Announces Voting Results from Annual General Meeting of Shareholders
TORONTO, April 22, 2026 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B) (NYSE: RCI) (the “Company”), in accordance with Toronto Stock Exchange requirements, announced the voting results from its Annual General Meeting of Shareholders held earlier today.
·Toronto, Canada
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Rogers Communications recorded a shareholder profit of $438 million in the first quarter, up from $280 million a year earlier, thanks to a 10% increase in its sales.
·Montreal, Canada
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Rogers Communications on Wednesday posted first-quarter revenue slightly above estimates, as the Canadian telecom company benefited from expanding its media and sports portfolio.
·United Kingdom
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Coverage Details
Total News Sources23
Leaning Left12Leaning Right1Center4Last UpdatedBias Distribution71% Left
Bias Distribution
- 71% of the sources lean Left
71% Left
L 71%
C 23%
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