Canada's Rogers Communications Q4 revenue up 13%, beats estimates

Rogers Communications

29/01/2026 12:09

Overview

Canada telecom giant's Q4 revenue rose 13%, beating analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Company's media revenue surged 126% due to sports-related gains

Outlook

Rogers expects 2026 service revenue growth of 3% to 5%

Company forecasts 2026 adjusted EBITDA growth of 1% to 3%

Rogers projects 2026 capital expenditures of C$3.3 bln to C$3.5 bln

Company anticipates 2026 free cash flow of C$3.3 bln to C$3.5 bln

Result Drivers

WIRELESS GROWTH - Rogers added 39,000 total mobile phone net additions in Q4, including 37,000 postpaid subscribers, contributing to stable wireless service revenue

MEDIA REVENUE SURGE - Media revenue increased by 126% due to the Toronto Blue Jays' postseason success and inclusion of MLSE results

COST EFFICIENCIES - Cable adjusted EBITDA increased by 1% due to ongoing cost efficiencies, leading to an adjusted EBITDA margin of 59%

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
C$6.17 bln
C$5.98 bln (10 Analysts)
Q4 Adjusted EPS
Beat
C$1.51
C$1.41 (13 Analysts)
Q4 EPS
C$1.37


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the wireless telecommunications services peer group is "buy"

Wall Street's median 12-month price target for Rogers Communications Inc is C$59.50, about 20.9% above its January 28 closing price of C$49.20

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNXgpwjK

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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.)