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 ...

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]

A record- breaking year. 2023 Annual report 1 ROGERS COMMUNICATIONS INC. 2023 ANNUAL REPORT About Rogers. Ted Rogers started our company with one small loan and one big dream. He believed in the power of communication to inform, inspire and innovate. Driven to honour his father's legacy, he purchased his very first radio station at the age of 27. From these humble beginnings, we've grown into a world-class media and communications company - a company that's driven to honour our founder's legacy and to bring ...

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 ...