Canada's Rogers Communications Q3 adj EPS beats estimates

By Reuters News


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.


Reuters Recommended Reads

  • Oct 21 - AT&T beats Q3 revenue and profit estimates, raises 2026 outlook

  • Oct 22 - Sweden's Telia Q3 revenue rises on Nordic, Baltic growth

  • Oct 22 - Nokia tops Q3 net sales expectations on AI-related demand


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.