Canada's Rogers Q1 revenue rises 10%, slightly beats estimates

Rogers Communications

22/04/2026 12:11

Overview

Canadaian telecom operator's Q1 revenue up 10% yr/yr, slightly beating analyst expectations

Adjusted EPS beat analyst expectations

Company updates 2026 guidance, targeting lower capital expenditures and higher free cash flow

Outlook

Rogers now expects 2026 capital expenditures of C$2.5 bln to C$2.7 bln, down from prior guidance

Company raises 2026 free cash flow outlook to C$4.1 bln to C$4.3 bln

Rogers reaffirms 2026 guidance for total service revenue and adjusted EBITDA growth of 3%-5% and 1%-3%

Result Drivers

MEDIA REVENUE SURGE - Media revenue rose 82% due to MLSE acquisition, higher Toronto Blue Jays revenue, and new channel launches

WIRELESS SUBSCRIBER ADDITIONS - Wireless segment added 33,000 mobile phone net additions, supporting stable service revenue amid competitive market

CAPITAL EXPENDITURE REDUCTION - Free cash flow growth was driven by lower capital expenditures and improved capital efficiency

Company press release: ID:nGNX143f24

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
C$5.48 bln
C$5.44 bln (11 Analysts)
Q1 Adjusted EPS
Beat
C$1.01
C$1.006 (12 Analysts)
Q1 EPS
C$0.80


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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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.)