Rogers Communications reports strong financial growth and subscriber expansion, with positive outlook for future
From GlobeNewswire: 2025-04-23 07:00:00
Rogers Communications Inc. reports strong subscriber and financial growth, with significant balance sheet deleveraging following a $7 billion minority equity investment. Positive results include increased service revenue and adjusted EBITDA, with a consolidated adjusted EBITDA margin of 45%. The company saw growth in mobile phone and internet subscribers, with a strong performance in the media sector, signing a monumental 12-year agreement with the NHL for national media rights. Reiterating 2025 outlook, Rogers expects continued growth in service revenue and adjusted EBITDA, with capital expenditures and free cash flow ranges on track.
In the first quarter of 2025, Rogers saw positive revenue and adjusted EBITDA growth, with consolidated revenue reaching $4,976 million, up 2% from the previous year. The company reported a net income of $280 million, a 9% increase from the same period last year. Adjusted net income was $543 million, up 1%, with adjusted diluted earnings per share of $0.99. Cash provided by operating activities totaled $1,296 million, a 10% increase from the previous year, with free cash flow remaining steady at $586 million.
The Wireless segment saw an increase in service revenue driven by subscriber growth, while Cable revenue decreased slightly due to competitive activity. Rogers continued to invest in network development and 5G deployment, maintaining its position as Canada’s most reliable wireless network. The Media segment reported a revenue increase of 24%, driven by higher sports-related revenue and the launch of new content. Overall, adjusted EBITDA increased by 2%, reflecting ongoing productivity and cost efficiencies across all segments.
Capital expenditures for the quarter totaled $978 million, with investments focused on expanding 5G networks, fiber deployments, and infrastructure upgrades. Rogers’ capital intensity decreased slightly to 19.7%, reflecting revenue and expenditure changes. The company remains committed to building robust networks, expanding coverage into rural areas, and bridging the digital divide.
Looking ahead, Rogers emphasizes its key objectives of network expansion, delivering reliable products and services, being the preferred choice for Canadians, investing in the country, and leading industry growth. The company’s strategic investments, operational discipline, and focus on long-term growth continue to drive positive financial results and shareholder value.
Read more at GlobeNewswire:: Rogers Communications Reports First Quarter 2025 Results