Canada's Rogers Communications Q3 adj EPS beats estimates
Overview
Canada telecom and media firm's Q3 revenue grew 2%, slightly beating analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company completed MLSE minority stake acquisition, now owns 100% of MLSE
Outlook
Rogers reaffirms 2026 outlook for service revenue, adjusted EBITDA, capex, and free cash flow
Company plans to sell minority stake in sports/media assets by H1 2027 to repay debt
Company expects free cash flow to support accelerated debt repayment
Result Drivers
WIRELESS REVENUE PRESSURE - Co said wireless service revenue declined due to lower ARPU from competitive intensity and regulatory fee changes
MEDIA GROWTH - Higher sports and subscriber revenue drove media segment growth, partly offset by lower non-sports advertising
CABLE STABILITY - Retail Internet subscriber growth and base management offset declines in Home Phone and Video subscribers
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Slight Beat* | C$5.44 bln | C$5.40 bln (10 Analysts) |
Q3 Adjusted EPS | Beat | C$1.29 | C$1.22 (15 Analysts) |
Q3 EPS | C$0.88 |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)