Group 1 - The company will increase investment in Canadian content and independent productions over the next decade, following recent partnerships with Comcast and NBCUniversal [1][2][8] - Starting September 2024, the company will launch NBCUniversal's Bravo channel in Canada, becoming the English-language television content rights holder for unscripted programming [3][4] - Beginning January 2025, the company will host Warner Bros. Discovery's suite of English-language U.S. lifestyle and factual brands, including HGTV and The Food Network [5][8] Group 2 - The company aims to make content widely available to Canadians through streaming and distribution partners, enhancing its competitive position against foreign streamers [5][6] - Over the past decade, the company has invested $6.9 billion in Canadian content, demonstrating its commitment to providing high-quality entertainment [8] - The new U.S. licensing deals solidify the company's leadership in sports and entertainment, expanding its diverse media portfolio [6][8]

– Citytv's #1 show in over a decade – Law & Order Toronto: Criminal Intent, renewed for two seasons with production starting in July – – Cheryl Hickey and Tracy Moore to host new Breakfast Television lifestyle show this fall – – Rogers builds on $6.9 billion investment in Canadian content in last decade - – Let's go, Canada! Global icon Shania Twain joins Canada's Got Talent – – Currently serving Ontario and British Columbia, CityNews 24/7 expands news service to Alberta, launching this July – – OMNI Televi ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many 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 also includes the Zacks Style Scores. What are the Zacks Style Scores? Developed alongs ...

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 ...

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores are designed to help investors identify stocks with the highest potential to outperform the market in the short term [2] Zacks Style Scores Overview - The Style Scores categorize stocks into four main types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] - Value Score emphasizes finding undervalued stocks based on financial ratios [3] - Growth Score focuses on a company's financial health and future growth potential [4] - Momentum Score identifies stocks with favorable price trends and earnings outlooks [5] - VGM Score combines all three styles to highlight stocks with the best overall characteristics [6] Zacks Rank and Style Scores Interaction - The Zacks Rank utilizes earnings estimate revisions to guide investors in stock selection [7] - Stocks rated 1 (Strong Buy) have historically outperformed the S&P 500, with an average annual return of +25.41% since 1988 [8] - To maximize returns, investors should target stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [9] - Stocks with lower ranks, even with good Style Scores, may still face declining earnings forecasts [10] Company Spotlight: Rogers Communications Inc. (RCI) - Rogers Communications, based in Toronto, provides a range of services including cable television, high-speed internet, and wireless communications [11] - RCI holds a Zacks Rank of 3 (Hold) and has a VGM Score of B, indicating solid performance potential [12] - The company has a Value Style Score of A, supported by a forward P/E ratio of 10.84, making it attractive for value investors [12] - Recent upward revisions in earnings estimates suggest positive momentum, with the Zacks Consensus Estimate for fiscal 2024 at $3.64 per share [12] - RCI's average earnings surprise stands at 6.7%, further enhancing its investment appeal [12][13]

"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]