It has been about a month since the last earnings report for Rogers Communication (RCI) . Shares have added about 3.2% 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 its most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Movin ...

Core Points - Rogers Xfinity TV has expanded its offerings to include more than 150 international channels in over 20 languages, providing customers access to more than 480 channels in total [1][2] - The platform integrates international TV content with a variety of streaming services, enhancing the overall entertainment experience for users [2][4] - A survey indicates that 84% of Canadians who speak multiple languages find in-language content important for staying connected to their culture and heritage [2] Service Offering - The newly expanded international TV channel offering is available through a Free Preview until June 17, allowing customers to explore the content before committing to subscriptions [3] - After the Free Preview, customers can customize their entertainment experience by subscribing to specific international TV channels and theme packs [3] Company Background - Rogers Communications Inc. is recognized as Canada's leading communications and entertainment company, with shares publicly traded on the Toronto Stock Exchange and the New York Stock Exchange [5]

Core Insights - Gabelli Funds will host its 17th Annual Media & Entertainment Symposium on June 5, 2025, at the Harvard Club in New York City, focusing on industry dynamics, current trends, and business fundamentals [1] - The symposium will include discussions on Sports Investing, Media & Telecom Regulatory issues, and Advertising Panels, providing a platform for attendees to engage with leading companies in the media ecosystem [1][3] - A webcast option will be available for those unable to attend in person, ensuring broader access to the discussions and insights shared during the event [1] Presenting Companies - Notable companies participating in one-on-one meetings include Atlanta Braves Holdings, AMC Networks, Lionsgate Studios, Churchill Downs, Nexstar Media Group, Genius Sports, Reservoir Media, Gray Television, Rogers Communications, Live Nation Entertainment, Sinclair Inc., Sportradar Group, TEGNA Inc., TKO Group, and The E.W. Scripps Company [2] Panel Discussions - The symposium will feature several panel discussions, including "Sports Investing: Ways to Play," a TV Bureau of Advertising (TVB) Panel, and a Media & Telecom Regulatory Expert Session led by former FCC Commissioner Rob McDowell [3]

Group 1 - The article highlights that a market downturn can lead to previously undervalued stocks becoming even cheaper, creating more appealing yields and attractive valuations [2] - It emphasizes the importance of focusing on long-term investment opportunities despite near-term market noise [2] Group 2 - The service iREIT+HOYA Capital is focused on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1]

Financial Data and Key Metrics Changes - The company reported a 2% growth in service revenue and adjusted EBITDA year-over-year, with strong margin improvements [6][25][34] - Wireless service revenue and adjusted EBITDA each grew 2% year-over-year, driven by subscriber growth [27] - Free cash flow remained unchanged at $586 million compared to the prior year [35] Business Line Data and Key Metrics Changes - Wireless and Internet net additions totaled 34,000, down from 61,000 last year, reflecting a smaller market size due to reduced immigration [28] - Cable service revenue decreased by 1%, while adjusted EBITDA increased by 1% year-over-year, driven by a 4% decrease in operating costs [30] - Rogers Sports and Media saw a 24% increase in revenue year-over-year, attributed to additional Toronto Blue Jays home games and advertising revenue from the Nations Hockey Tournament [32] Market Data and Key Metrics Changes - The company experienced a decline in mobile net additions, with the total mobile market estimated to be down by one-third [56] - The blended mobile phone ARPU decreased by just under 2% from $58 to $57, influenced by competitive intensity and lower roaming revenue [28][110] Company Strategy and Development Direction - The company is focused on executing with discipline, delivering efficiencies, deleveraging the balance sheet, and advancing plans to surface value from sports assets [9][10][18] - A commitment to deleveraging was emphasized, with leverage expected to decrease to 3.6 times following recent equity capital raises [15][26] - The renewal of the NHL partnership and the acquisition of a majority stake in MLSE are key strategic moves to enhance the company's sports asset value [19][20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged slower growth in the sector due to lower immigration and a highly competitive market but maintained a positive outlook for revenue and EBITDA growth [7][10] - The company remains focused on maintaining solid financials and restoring growth in the cable segment [46][48] - Management expressed optimism about improving price discipline in the wireless market despite ongoing competitive pressures [58][61] Other Important Information - The company completed a $4 billion hybrid securities offering and announced a $7 billion equity investment, significantly lowering leverage [26][37] - Capital expenditures for the quarter were $978 million, down 8% from the previous year [34] Q&A Session Summary Question: Confidence in annual outlook given macro backdrop and cable trends - Management acknowledged macroeconomic issues impacting the outlook but remains optimistic about growth opportunities in revenue and EBITDA [45][46] Question: Clarification on free cash flow guidance and wireless pricing - Free cash flow guidance remains unchanged, and management noted a focus on price discipline despite competitive pricing pressures in the market [55][56] Question: Contribution from FWA and reseller initiatives in broadband - Management highlighted ongoing improvements in net additions and revenue through various technology sets, including Fixed Wireless Access [66][68] Question: Expectations about MLSE equity and transaction hurdles - Management expects to close the transaction for the BCE stake and is exploring opportunities with institutional investors [73][76] Question: Pacing of wireless subscriber additions and market dynamics - Management noted a slow start to the year but observed improved activity in March and April, maintaining a market growth estimate of around 3% for the year [84][85] Question: Impact of tariffs on handset purchases and roaming effects on ARPU - Management indicated minimal direct impact from tariffs and quantified roaming as contributing approximately 15% to the decline in ARPU [107][110] Question: Corporate line losses and capital expenditures outlook - Management acknowledged rising corporate line losses due to investments in Rogers Bank and ongoing efficiency efforts [120][122]

Q1 2025 Results April 23, 2025 1 Cautionary note The following materials are for presentation purposes only. They accompany the discussions held during Rogers Communications Inc.'s (Rogers) investor conference call on April 23, 2025. Certain statements made in this presentation, including, but not limited to, statements relating to expected future events, financial and operating results, guidance, objectives, plans, strategic priorities and other statements that are not historical facts, are forward-looking ...

Rogers Communication (RCI) reported $3.47 billion in revenue for the quarter ended March 2025, representing a year-over-year decline of 4.7%. EPS of $0.69 for the same period compares to $0.73 a year ago.The reported revenue represents a surprise of -1.19% over the Zacks Consensus Estimate of $3.51 billion. With the consensus EPS estimate being $0.71, the EPS surprise was -2.82%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to deter ...

Rogers Communication (RCI) came out with quarterly earnings of $0.69 per share, missing the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.82%. A quarter ago, it was expected that this communications and media company would post earnings of $0.95 per share when it actually produced earnings of $1.04, delivering a surprise of 9.47%.Over the last ...

Core Insights - Rogers Communications Inc. reported continued growth in subscribers and financials, with a strong margin improvement year-over-year despite a slowing market [1][2] - The company announced a $7 billion minority equity investment, significantly improving its balance sheet and reducing its debt leverage ratio to 3.6x from 5.2x [1][19] Financial Performance - Total revenue for Q1 2025 was CAD 4,976 million, a 2% increase from CAD 4,901 million in Q1 2024 [3][34] - Total service revenue also increased by 2% to CAD 4,447 million, driven by growth in the wireless and media segments [3][11] - Adjusted EBITDA rose by 2% to CAD 2,254 million, with an adjusted EBITDA margin of 45.3% [3][34] - Net income increased by 9% to CAD 280 million, while adjusted net income rose by 1% to CAD 543 million [3][17] Subscriber Growth - The company added a total of 57,000 mobile phone and Internet subscribers, with 34,000 net additions in mobile phone subscribers [2][6] - Postpaid mobile phone churn improved to 1.01%, down from 1.10% in the previous year [6][36] Segment Performance - Wireless revenue increased by 1% to CAD 2,544 million, with service revenue from external customers at CAD 2,003 million [36][42] - Cable revenue decreased by 1% to CAD 1,935 million, attributed to competitive promotional activity and subscriber base declines [42][47] - Media revenue surged by 24% to CAD 596 million, driven by higher sports-related revenue and advertising [49][51] Capital Expenditures - The company invested CAD 978 million in capital expenditures, with a focus on network development and 5G deployment [3][52] - Wireless capital expenditures were CAD 407 million, while cable capital expenditures decreased to CAD 446 million [52][56] Strategic Initiatives - Rogers was awarded Canada's most reliable wireless network by Opensignal in February 2025 [5] - The company launched several new products and services, including the first commercial deployment of Ericsson 5G Cloud RAN technology and a new home Internet backup solution [13][54]

Core Insights - Rogers Communications has been recognized as the most reliable 5G wireless network in Canada by umlaut, reinforcing its leadership in network reliability [1][2] - The company has won umlaut's "Best in Test" wireless benchmark award for seven consecutive years, demonstrating superior performance in voice, data, and reliability [2][3] Investment and Network Expansion - Over the past decade, Rogers has invested more than $40 billion in its networks and plans to invest an additional $4 billion in capital investments this year [4] - The 5G network now reaches over 2,500 communities across Canada, highlighting the company's commitment to expanding its network [4] Company Commitment - The company emphasizes its dedication to providing Canadians with the best wireless networks and plans, focusing on reliability and customer experience [3][4] - Rogers continues to prioritize network performance and customer satisfaction, as evidenced by its consistent recognition in independent benchmarking [2][3]