It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium includes access to the Zacks Style Scores as ...

"Today's announcement marks an important milestone in the expansion of cellular coverage to the rest of Toronto's subway system. Transit riders and commuters deserve a safe TTC. Bringing 5G service to the unconnected tunnels is going to make a marked difference for transit users. Thanks to Rogers for leading the build, and to the TTC," said Toronto Mayor Olivia Chow. "I am pleased that Rogers has started the next phase of building out the 5G network in TTC subway tunnels, beginning with the tunnels on Line ...

With more than 60 locations, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in adult nightclubs and sports bars/restaurants. See all our brands at www.rcihospitality.com. Media & Investor Contacts Gary Fishman and Steven Anreder at 212-532-3232 or [email protected] and [email protected] SOURCE RCI Hospitality Holdings, Inc. ...

A month has gone by since the last earnings report for Rogers Communication (RCI) . Shares have added about 2.6% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Rogers Communication due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Rogers Communications Q1 Earnin ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style ...

"Thank you, Rogers, and thank you to everyone who voted for me. Thank you to my family and friends and everyone back home. Thank you so much, Marsi Cho," said Rebecca Strong, Winner, Canada's Got Talent. – REBECCA STRONG wins $1M from Rogers, the biggest cash prize in Canadian television history, plus financial advice, courtesy of CIBC, to help realize their ambitions – – REBECCA STRONG available for media interviews through media relations contacts below – – Applications are open all year long on Citytv.co ...

Financial Data and Key Metrics - Total service revenue grew by 31% and adjusted EBITDA increased by 34% in Q1 2024 [4] - Capital expenditures were $1.1 billion, up 19% year-over-year, primarily invested in Wireless and Cable networks [4][15] - Free cash flow grew 58% year-over-year to $586 million [36] - The company reaffirmed its 2024 guidance, including service revenue growth of 8%-10%, adjusted EBITDA growth of 12%-15%, and free cash flow of $2.9-$3.1 billion [17] Business Line Performance Wireless - Wireless service revenue grew 9% in Q1 2024, with 98,000 postpaid mobile phone net additions, up 3,000 year-over-year [11][25] - Postpaid mobile phone churn was 1.1%, up 31 basis points year-over-year but down from the prior quarter [12] - Mobile phone ARPU increased by over 1% year-over-year, with organic ARPU growth of nearly 3% after adjusting for Shaw Mobile customers [32] Cable - Cable revenue increased 93% year-over-year due to the Shaw acquisition, but organic revenue declined 3% due to promotional competition [13] - Retail Internet net additions were 26,000, almost double the prior year's 14,000 [34] - Cable margins improved by 140 basis points to 56%, supported by cost synergies [14] Media - Media revenue declined 5% year-over-year, and adjusted EBITDA decreased by $65 million, impacted by higher payroll costs and a strong prior-year comparative [55] Market and Strategic Focus - The company achieved $1 billion in cost synergies from the Shaw merger one year ahead of schedule, with $600 million realized in the first year [7][14] - Rogers 5G Home Internet was launched, targeting areas previously underserved, with early signs of consumer interest [6] - The company is leveraging network slicing technology to prioritize first responders and accelerate 5G Home Internet expansion [8] - Rogers is focusing on returning Cable to organic revenue growth by Q4 2024, driven by market share gains and fixed wireless access [33][85] Management Commentary on Environment and Outlook - Management expressed confidence in the company's sustained momentum, having delivered strong results for nine consecutive quarters [9] - The competitive environment remains intense, particularly in Wireless, but the company is balancing subscriber growth with financial performance [12][25] - The company is committed to reducing its debt leverage ratio by approximately half a turn each year, supported by earnings growth and asset sales [57] Other Important Information - The company has $4.6 billion in available liquidity, with a weighted average interest rate on borrowings below 4.8% [16] - Rogers is exploring the sale of noncore assets, including real estate and data centers, to further reduce debt [81][82] - The company is investing in fiber infrastructure and network enhancements, including DOCSIS 4 technology, to support future growth [28][117] Q&A Summary Question: Internet net adds and competitive environment [18][40] - Internet net adds were driven by both in-footprint growth and fixed wireless access, with early success in markets where Rogers previously lacked wireline assets [41][42] - The company is focused on premium 5G services and the Rogers brand, which is driving ARPU growth despite competitive pressures [63] Question: Interest cost savings and ARPU performance [46][50] - Interest costs for 2024 are expected to be $100 million lower than anticipated due to debt refinancing and asset sales [47][48] - ARPU growth remains positive, even after adjusting for subscriber write-downs, reflecting the company's focus on premium services [66] Question: Cost synergies and margin outlook [67][68] - The company has achieved $1 billion in cost synergies ahead of schedule and continues to identify additional efficiency opportunities [68] - Cable margins are expected to improve further, potentially reaching 57%-58% as revenue growth returns [94] Question: Fixed wireless access opportunity [71] - Rogers sees significant potential in fixed wireless access, with network slicing technology enabling dedicated lanes for this service [73] Question: Cable revenue erosion and growth strategy [100][117] - Revenue erosion in Cable is primarily due to video declines, offset by Internet ARPU growth and market share gains [101][117] - The company is targeting a return to organic revenue growth in Cable by Q4 2024, driven by fixed wireless access and wholesale strategies [85] Question: Wireless churn and pricing strategy [104] - Churn remains elevated due to competitive intensity, but the company is managing acquisition costs to maintain industry-leading margins [105] Question: Data center sales and immigration impact [81][83] - Rogers is exploring the sale of its data center business, which is separate from its core operations [81] - Immigration continues to drive market growth, with new-to-Canada customers contributing significantly to subscriber additions [83]

Financial Performance - Total revenue for 2023 reached CAD 19,308 million, a 25% increase from CAD 15,396 million in 2022[72] - Total service revenue increased by 27% to CAD 16,845 million, up from CAD 13,305 million in the previous year[72] - Adjusted EBITDA rose by 34% to CAD 8,581 million, compared to CAD 6,393 million in 2022[72] - Adjusted EBITDA margin improved to 44.4%, an increase of 2.9 percentage points from 41.5%[72] - Net income decreased by 49% to CAD 849 million, down from CAD 1,680 million in 2022[72] - Adjusted net income increased by 26% to CAD 2,406 million, compared to CAD 1,915 million in the previous year[72] - Basic earnings per share fell to CAD 1.62, a 51% decrease from CAD 3.33 in 2022[72] - Free cash flow increased by 36% to CAD 2,414 million, up from CAD 1,773 million in 2022[72] Capital Expenditures and Investments - Capital expenditures for 2023 were CAD 3,934 million, an increase of 28% from CAD 3,075 million[72] - The company invested a record $3.9 billion in capital expenditures, primarily in wireless and wireline network infrastructure[162] - Capital expenditures totaled $3,934 million, exceeding the guidance range of $3,700 million to $3,900 million[172] Shaw Transaction - The Shaw Transaction was completed for a total consideration of $20.5 billion, enhancing the company's scale and capabilities in telecommunications[95] - The acquisition included $8.0 billion in property, plant, and equipment, and $6.0 billion in intangible assets, resulting in a significant increase in depreciation and finance costs[103] - The Shaw Transaction was successfully completed in April 2023, enhancing service capabilities and customer support[172] - Targeted cost synergies from the Shaw acquisition are expected to materially increase adjusted EBITDA and net income on an ongoing basis[104] Subscriber Growth and Service Revenue - Wireless service revenue grew by 9% to CAD 7,802 million, while cable revenue surged by 72% to CAD 7,005 million[72] - Wireless service revenue rose by 9%, attributed to growth in mobile phone subscribers and Shaw Mobile subscribers acquired through the Shaw Transaction[83] - The total number of postpaid mobile phone subscribers reached 10.498 million, with net additions of 674,000 in 2023[227] - Cable service revenue increased by 72% to $6.962 billion, reflecting a higher average revenue per account (ARPA) of $142.58[237] Debt and Liquidity - The debt leverage ratio was 5.0 as of December 31, 2023, up from 3.3 in 2022, reflecting the impact of the Shaw Transaction[90] - The company ended the year with approximately $5.9 billion in available liquidity, an increase from $4.9 billion in 2022[92] - Rogers Communications has $19 billion in cash, including $13 billion in cash and restricted cash, and $6 billion borrowed from a non-revolving term loan facility[105] - The Shaw Transaction is expected to significantly impact the company's capital structure, with plans to return the debt leverage ratio to approximately 3.5 within 36 months[208] Network and Service Expansion - The company serves over 2,200 communities with the largest 5G network in Canada as of December 31, 2023[109] - The company expanded its 5G network to 267 new communities and launched 5G service in the busiest sections of the Toronto Transit Commission subway system[162] - The company is focused on connecting more Canadians to its coast-to-coast Internet network and delivering reliable connectivity[165] - The company is investing in fixed wireless access services and expanding its cable footprint to connect rural and underserved areas, focusing on next-generation broadband wireless data networks like 5G[193] Media and Other Operations - Rogers has a diversified media portfolio, including rights to deliver over 1,300 NHL games per season through the 2025-2026 NHL season[116] - The company operates several television networks and 52 radio stations across Canada, reaching a wide audience[119] - Media revenue increased by 3% to $2.335 billion, driven by advertising sales and subscriptions[246][247] - Adjusted EBITDA for media operations rose by 12% to $77 million, with an adjusted EBITDA margin of 3.3%[246] Future Outlook - For 2024, the company expects total service revenue to increase by 8% to 10% and adjusted EBITDA to rise by 12% to 15%[181] - The company plans to maintain capital expenditures between $3,800 million and $4,000 million in 2024[181] - The company aims to return cash to shareholders while maintaining network advantages in a competitive market[180]

Our next question comes from Tim Casey of BMO. Please go ahead. Thanks, Maher. Let me clarify at the outset, you made the comment we're getting more than our fair share. I would characterize it as we're getting the share we deserve and we earn every day. Canadians have choice and they're making their choice. And so that's one. In terms of how that's playing out in our stores in the West, I would say more broadly, and we've talked about this on previous calls, we are expanding our retail locations to more an ...

ROGERS COMMUNICATIONS REPORTS FOURTH QUARTER 2023 RESULTS; ANNOUNCES 2024 FINANCIAL GUIDANCE Rogers reports record 2023 results driven by strong execution on Shaw acquisition combined with industry-leading performance as more Canadians are choosing Rogers than any other carrier for second straight year Rogers delivers industry-leading 2023 financial results led by strong execution by entire team Q4 results reflect industry-leading growth in Wireless and Cable operations Shaw integration and synergy targets ...