Rogers Communications Q1 2024 Financial Surge

Rogers Communication (TSE:RCI.B) has released an update.

Rogers Communications reports a robust first quarter for 2024, with a significant 31% increase in total service revenue and a 34% rise in adjusted EBITDA, indicating industry-leading growth in their Wireless and Cable operations. The company also successfully expanded its 5G network, launched new products like Rogers 5G Home Internet, and completed key objectives from the Shaw Transaction ahead of schedule. Despite these gains, Media revenue saw a 5% decrease primarily due to lower subscriber and shopping choice revenue, slightly offset by higher advertising revenue.

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