Rogers demonstrated strong operational performance with leading subscriber growth and financial metrics in 2024. However, challenges such as market size decline, video subscriber loss, and delays in key transactions present notable headwinds.

Company Guidance

During the Rogers Communications Fourth Quarter 2024 Results Conference Call, the company reported robust performance metrics and provided guidance for 2025. In 2024, Rogers achieved industry-leading results with a 26% growth in free cash flow and substantial wireless and cable additions. Wireless service revenue grew by 2%, while adjusted EBITDA increased by 6%, with the company adding 95,000 net postpaid and prepaid phone subscribers. The wireless margin was impressive at 66%, with a stable blended ARPU of $58. Cable operations returned to growth, achieving a record margin of 59% in Q4, with internet net additions increasing by 30%. Media revenue rose by 10%, with adjusted EBITDA hitting $53 million. Looking ahead to 2025, Rogers anticipates single-digit growth in service revenue, adjusted EBITDA, and free cash flow, supported by approximately $4 billion in capital investments. The company aims to maintain its market leadership by balancing subscriber growth with financial performance amidst a competitive environment.

Strong Subscriber Growth

In 2024, Rogers added a combined 623,000 wireless and Internet net additions, leading the industry with more subscribers choosing Rogers over competitors.

Financial Performance and Free Cash Flow

Achieved highest wireless and cable margins, with adjusted EBITDA growth of 6% in Q4 and a 26% increase in free cash flow.

Media Revenue Growth

Media revenue increased by 10% with adjusted EBITDA reaching $53 million, despite a softer advertising market.

Network Leadership and Investments

Rogers was awarded Canada's most reliable networks and advanced several industry firsts, including DOCSIS 4.0 trials and 5G network slicing.

MLSE Stake Acquisition

Announced agreement to purchase Bell's 37.5% stake in MLSE, increasing Rogers' ownership to a majority 75%.

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Rogers Communication (RCI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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RCI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 23, 2025	2025 (Q1)	0.73 / -	0.698	―	―	―
Jan 30, 2025	2024 (Q4)	0.96 / 1.03	0.839	22.69% (+0.19)
Oct 24, 2024	2024 (Q3)	0.97 / 1.00	0.895	11.81% (+0.11)
Jul 24, 2024	2024 (Q2)	0.82 / 0.82	0.719	13.73% (+0.10)
Apr 24, 2024	2024 (Q1)	0.69 / 0.70	0.768	-9.17% (-0.07)
Feb 01, 2024	2023 (Q4)	0.79 / 0.84	0.768	9.17% (+0.07)
Nov 09, 2023	2023 (Q3)	0.79 / 0.90	0.592	51.19% (+0.30)
Jul 26, 2023	2023 (Q2)	0.78 / 0.72	0.606	18.60% (+0.11)
Apr 26, 2023	2023 (Q1)	0.68 / 0.77	0.641	19.78% (+0.13)
Feb 02, 2023	2022 (Q4)	0.70 / 0.77	0.677	13.54% (+0.09)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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RCI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 30, 2025	$28.75	$28.62	-0.45%
Oct 24, 2024	$38.83	$37.61	-3.14%
Jul 24, 2024	$36.86	$36.32	-1.47%
Apr 24, 2024	$38.48	$37.09	-3.61%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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