Rogers' quarterly revenue takes hit from downbeat wireless subscriber growth
Canada's Rogers Communications missed third-quarter revenue estimates on Thursday as lower-than-expected wireless subscribers additions offset its higher sports-related revenue, sending its shares down nearly 3%.
Canada's Rogers Misses Estimates for Quarterly Subscriber Additions
(Reuters) - Canada's Rogers Communications missed market expectations for third-quarter wireless subscriber additions on Thursday, hit by cautious spending on its mobile plans and stiff competition in the telecom space.
Rogers’ subscriber growth hit by slowdown in newcomers to Canada
Rogers reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $2.55 billion for the third quarter, up six per cent from 2023. It said the increase was a result of synergies associated to its acquisition of Shaw Communications Inc. as well as ongoing cost efficiencies.
Canada's Rogers falls short of subscriber estimates on slower demand, competition
Canada's Rogers Communications on Thursday missed market expectations for third-quarter wireless subscriber additions, hit by cautious spending on its mobile plans and stiff competition in the telecom space.
Rogers Communications sees 2024 total service revenue growth 8%-10%
Total service revenue growth of 8% to 10%; adjusted EBITDA growth of 12% to 15%; capital expenditures of C$3.8 billion to C$4.0 billion; and
Rogers Communications Shares Fall as 3Q Revenue Takes Hit from Drop in Mobile Subscribers
This time last year, Rogers reported 279,000 new subscribers to its services. The main difference this quarter were the mobile phone connection additions, which were down signific
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Rogers Communications reports $526M third-quarter profit, up from loss a year ago
TORONTO — Rogers Communications Inc. reported a third-quarter profit of $526 million compared with a loss a year ago.