Canada's Rogers Communications Q3 adj EPS beats estimates

Rogers Communications

23/10/2026 12:10

Overview
Canada telecom and media firm's Q3 revenue grew 2%, slightly beating analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company completed MLSE minority stake acquisition, now owns 100% of MLSE

Outlook
Rogers reaffirms 2026 outlook for service revenue, adjusted EBITDA, capex, and free cash flow
Company plans to sell minority stake in sports/media assets by H1 2027 to repay debt
Company expects free cash flow to support accelerated debt repayment

Result Drivers
WIRELESS REVENUE PRESSURE - Co said wireless service revenue declined due to lower ARPU from competitive intensity and regulatory fee changes
MEDIA GROWTH - Higher sports and subscriber revenue drove media segment growth, partly offset by lower non-sports advertising
CABLE STABILITY - Retail Internet subscriber growth and base management offset declines in Home Phone and Video subscribers

Company press release: ID:nGNX2PnCd1

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
C$5.44 bln
C$5.40 bln (10 Analysts)
Q3 Adjusted EPS
Beat
C$1.29
C$1.22 (15 Analysts)
Q3 EPS
 
C$0.88
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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Oct 22 - Nokia tops Q3 net sales expectations on AI-related demand

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)