Financial Data and Key Metrics Changes - Rogers reported a 2% increase in wireless service revenue year-over-year and a 5% increase in adjusted EBITDA, achieving a wireless margin of 66%, which is an all-time high [9][15][17] - Total service revenue increased by 1% and adjusted EBITDA rose by 6% year-over-year, leading to a consolidated EBITDA margin increase of 230 basis points to 50% [17] - Free cash flow for the quarter was $915 million, up 23% from the prior year, primarily due to higher adjusted EBITDA and lower interest expenses [17] Business Line Data and Key Metrics Changes - Wireless postpaid mobile phone net additions were 101,000, while prepaid net additions were 93,000, contributing to a total of 194,000 net additions for the quarter [14][15] - Retail Internet net additions reached 33,000, an increase of 83% from the previous year, with year-to-date retail Internet net additions totaling 85,000, a 50% increase year-over-year [6][16] - The Sports & Media segment experienced an 11% revenue growth and a 25% increase in adjusted EBITDA for the quarter [10][16] Market Data and Key Metrics Changes - The Canadian market remains competitive, with Rogers maintaining industry-leading market share in wireless and cable [3][5] - The company has seen a decline in roaming revenue year-over-year, which negatively impacted ARPU [67] - The overall Canadian telecommunications market is expected to grow between 4% to 4.5%, despite recent government limitations on foreign students and temporary workers [47][61] Company Strategy and Development Direction - Rogers is focused on maintaining an investment-grade balance sheet while investing in growth across its core businesses [4][20] - The company announced a $7 billion structured equity financing to pay down debt, expecting to reduce its debt leverage ratio to 3.7x by year-end, ahead of the previously communicated target of 4.2x [3][19] - The strategy includes a clear differentiation between the premium 5G brand and the Chatr prepaid brand, which has been effective in driving customer acquisition [5][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to generate cash from operations and achieve significant cost synergies, projecting $3 billion in free cash flow for 2024 [53] - The competitive environment is expected to remain challenging, particularly in the wireless segment, but the company aims to sustain stable ARPU and continue leading in net additions [23][46] - Management remains optimistic about the long-term growth potential in the Canadian market, despite short-term challenges related to immigration policies [47][61] Other Important Information - The company is advancing its DOCSIS roadmap and has successfully trialed new modem technologies, reinforcing its commitment to innovation [8] - Rogers signed a strategic agreement to acquire Bell's 37.5% stake in Maple Leaf Sports & Entertainment, enhancing its position in the sports and media sector [10][50] Q&A Session Summary Question: Details on structured equity financing and its impact on operations - Management clarified that the transaction involves selling a minority equity interest in a portion of the wireless backhaul transport infrastructure, maintaining full operational control without any leaseback arrangement [22] Question: Competitive environment in wireless and sustainability of stable ARPU - Management acknowledged the competitive nature of the market but emphasized their disciplined promotional strategies and focus on the premium brand to maintain stable ARPU [23][24] Question: Clarification on the minority interest deal and its implications - The minority interest will not affect Rogers' operational control, and the revenue model is based on tiered wholesale rates as data traffic grows [35][36] Question: Future cash flows and the impact of the equity transaction - Management expressed confidence in cash generation from operations and indicated that the structured equity transaction would not significantly impact free cash flow obligations [53][60] Question: Regulatory environment and roaming revenue impact - Management noted a decline in roaming revenue year-over-year and indicated adjustments to their value proposition to increase unique roamers [67]

Investors might want to bet on Rogers Communication (RCI) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Indi ...

Rogers Communication (RCI) reported $3.76 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 1%. EPS of $1.04 for the same period compares to $0.95 a year ago.The reported revenue represents a surprise of -1.39% over the Zacks Consensus Estimate of $3.81 billion. With the consensus EPS estimate being $1.07, the EPS surprise was -2.80%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

Earnings Performance - Rogers Communication reported quarterly earnings of $1 04 per share missing the Zacks Consensus Estimate of $1 07 per share [1] - The earnings surprise was -2 80% compared to the expected $1 07 per share [1] - In the previous quarter the company posted earnings of $0 85 per share surpassing the estimate of $0 83 per share with a surprise of 2 41% [1] - Over the last four quarters the company has surpassed consensus EPS estimates three times [1] Revenue Performance - The company posted revenues of $3 76 billion for the quarter ended September 2024 missing the Zacks Consensus Estimate by 1 39% [1] - This compares to year-ago revenues of $3 8 billion [1] - The company has not been able to beat consensus revenue estimates over the last four quarters [1] Stock Performance - Rogers Communication shares have lost about 16 2% since the beginning of the year versus the S&P 500's gain of 21 5% [2] Earnings Outlook - The company's earnings outlook is crucial for understanding future stock performance [3] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions [3] - The estimate revisions trend for Rogers Communication is favorable translating into a Zacks Rank 2 (Buy) [4] - The current consensus EPS estimate is $0 95 on $3 92 billion in revenues for the coming quarter and $3 73 on $15 07 billion in revenues for the current fiscal year [4] Industry Impact - The Cable Television industry is currently in the top 19% of the 250 plus Zacks industries [5] - The top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [5] - Another company in the same industry Cable One is expected to post quarterly earnings of $9 93 per share representing a year-over-year change of -7 9% [5] - Cable One's revenues are expected to be $390 78 million down 7% from the year-ago quarter [5]

MANAGEMENT'S DISCUSSION AND ANALYSIS Exhibit 99.1 This Management's Discussion and Analysis (MD&A) contains important information about our business and our performance for the three and nine months ended September 30, 2024, as well as forward-looking information (see "About Forward-Looking Information") about future periods. This MD&A should be read in conjunction with our Third Quarter 2024 Interim Condensed Consolidated Financial Statements (Third Quarter 2024 Interim Financial Statements) and notes ther ...

In its upcoming report, Rogers Communication (RCI) is predicted by Wall Street analysts to post quarterly earnings of $1.01 per share, reflecting an increase of 6.3% compared to the same period last year. Revenues are forecasted to be $3.81 billion, representing a year-over-year increase of 0.4%.The consensus EPS estimate for the quarter has undergone a downward revision of 1.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed thei ...

Rogers Communication (RCI) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 24, 2024, might help the stock move higher if these key numbers are b ...

Core Insights - RCI Hospitality Holdings, Inc. reported an increase in same-store sales for nightclubs for the second consecutive quarter, with plans to open six new club and restaurant locations in fiscal 2025, including the reopening of Baby Dolls Fort Worth [1] - The company took measures to improve Bombshells' business, including selling the San Antonio location back to its former franchisee and continuing share buybacks, with $7.8 million spent in 4Q24 [1][2] Nightclub Sales Performance - Total sales for nightclubs in 4Q24 were $60.2 million, a decline of 0.5% compared to 4Q23, driven by a 2.2% same-store sales growth negatively impacted by ten closure days due to Hurricane Beryl [3] - New sales from three new and reformatted clubs in Texas partially offset the decline, while temporary closures of two clubs also contributed to the sales decrease [1][3] Bombshells Sales Performance - Total sales for Bombshells in 4Q24 were $11.9 million, a decline of 12.2% compared to 4Q23, primarily due to a 16.2% same-store sales decline affected by 26 closure days from Hurricane Beryl [1][3] - The opening of a new Stafford location in November 2023 provided some offset to the sales decline from the San Antonio location, which was sold [1][3] Share Repurchase Activity - In 4Q24, RCI repurchased 174,790 shares for $7.8 million, averaging $44.81 per share, leaving $21.0 million in remaining purchase authorization [2] - For FY24, the company repurchased a total of 442,639 shares for $20.6 million, averaging $46.55 per share [2]

Core Viewpoint - Rogers Communications (RCI) plans to acquire Bell's 37.5% stake in Maple Leaf Sports & Entertainment (MLSE) for C$4.7 billion, aiming to become the largest owner with a 75% stake by mid-2025 [1][2] Group 1: Strategic Moves - The Bell stake buyout is a strategic step for RCI to enhance its market position without increasing leverage [2] - This acquisition will allow RCI to capture a larger share of the Canadian sports and media market, complementing its existing assets like the Toronto Blue Jays and Sportsnet [2] Group 2: Media Portfolio Expansion - RCI's media revenues increased by 5% year-over-year to C$1.22 billion in the first half of 2024, driven by higher sports-related revenue [4] - The company has invested C$14 billion in Canadian sports over the past decade and has partnered with Amazon to stream NHL games exclusively on Prime Video [4][5] Group 3: Financial Performance and Challenges - RCI shares have declined 15.3% year-to-date, underperforming the broader industry [6] - The company expects total service revenues for 2024 to rise by 8%-10% from C$16.85 billion in 2023, despite facing intense competition and a high debt leverage ratio of 4.7 times [7][8] Group 4: Future Outlook - RCI anticipates capital expenditures between C$3.80 billion and C$4 billion for 2024, with free cash flow projected at C$2.9 billion to C$3.1 billion [8] - The company assures that the Bell stake buyout will not negatively impact its debt leverage ratio as it will involve private investors [8]

RCI CEO Eric Langan will meet with investors in one-on-one meetings as well as review the company's Back to Basics focus on its adult nightclubs business and capital allocation strategy. RCI is scheduled to present Wednesday, September 11, 2024, at 12 PM ET. If you are an institutional investor, and would like to attend in person or virtually, visit www.hcwevents.com/annualconference to register. About RCI Hospitality Holdings, Inc. (Nasdaq: RICK) (X: @RCIHHinc) With more than 60 locations, RCI Hospitality ...