Rogers Communications sees FY24 total service revenue growth just over 7%

For the full year 2024, Rogers expects annual consolidated service revenue growth just over 7%, compared to its guidance range of 8%-10% issued in February of 2024, driven by weakness in media revenue during the fourth quarter. All other guidance items remain unchanged. “Media revenue in the fourth quarter was softer than expected affecting our revenue target for the year,” said Tony Staffieri, President and CEO. “Overall, we continued with industry-leading execution throughout the year and look forward to sharing the details during our fourth quarter call.”