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Rogers Communications Revises 2024 Revenue Guidance Due to Media Revenue Weakness
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Rogers Communications Revises 2024 Revenue Guidance Due to Media Revenue Weakness

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

Rogers Communications announced an update regarding its 2024 service revenue guidance, indicating a slight reduction from its previously issued range, primarily due to weaker than expected media revenue in the fourth quarter. Despite this, the company maintained strong execution across the year and plans to discuss the details further during a teleconference scheduled for January 30, 2025, which will also cover the company’s fourth quarter financial results and 2025 outlook.

More about Rogers Communication

Rogers Communications is a leading Canadian communications and entertainment company, publicly traded on the Toronto Stock Exchange and the New York Stock Exchange.

YTD Price Performance: 0.0%

Average Trading Volume: 1,082,041

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $16.56B

For a thorough assessment of RCI.B stock, go to TipRanks’ Stock Analysis page.

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