Roger Communications up on quarterly revenue beat

Rogers Communications

23/10/2025 14:21

** U.S-listed shares of Canadian telecom giant Rogers Communications RCIb.TO up 1.7% at $37.99 premarket

** RCI reports Q3 revenue of C$5.35 bln ($3.81 bln), beating analysts' estimate of C$5.32 bln, according to data compiled by LSEG

** Posts Q3 adj EPS of C$1.37, beats estimates of C$1.28

** RCI media revenue grew 26% to C$753 mln in Q3

** Rogers to buy 25% of remaining stake in Maple Leaf Sports & Entertainment in 2026

** Co in Q3 added 62,000 monthly postpaid bill-paying wireless phone subscribers, topping estimates of 57,907 additions, according to Visible Alpha

** 9 of 12 brokerages covering the stock recommend a rating of "buy" or higher, 2 recommend "hold", while 1 recommends "sell"; stock has a median PT of C$55.50 - LSEG

** Up to its last close, stock has risen ~22% YTD

 (Reporting by Arnav Mishra in Bengaluru)

 ((Arnav.Mishra@thomsonreuters.com;))