Rogers Communications Reports First Quarter 2025 Results
Press Release
Rogers reports continued growth in subscribers and financials, including strong margin improvement year-over-year despite slowing market
Delivers significant balance sheet deleveraging with announced $7 billion minority equity investment in April; debt leverage ratio1 expected to be 3.6x vs. 5.2x post-Shaw closing 24 months ago
- Company removes discount on dividend reinvestment plan shares
Positive consolidated financial results led by growth in service revenue and adjusted EBITDA
- Total service revenue and adjusted EBITDA both up 2%
- Consolidated adjusted EBITDA margin of 45%
Combined mobile phone and Internet net additions of 57,000
- Added 34,000 total mobile phone net subscriber additions, consisting of 11,000 postpaid and 23,000 prepaid
- Mobile phone blended ARPU of $56.94; postpaid mobile phone churn of 1.01%
- Wireless service revenue and adjusted EBITDA both up 2%
- Retail Internet net additions of 23,000; Cable adjusted EBITDA up 1%
Strong Media performance
- Revenue up 24% to $596 million; adjusted EBITDA improved by $36 million
- Signed monumental 12-year agreement with the NHL for national media rights on all platforms in Canada
Reiterates 2025 outlook for total service revenue and adjusted EBITDA growth and capital expenditures and free cash flow ranges
TORONTO (April 23, 2025) – Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE: RCI) today announced its unaudited financial and operating results for the first quarter ended March 31, 2025.
Consolidated Financial Highlights
IBF4
