Rogers posts $482-million quarterly profit, revenue edges up — SkimNews
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- Rogers Communications reported $1.3-billion free cash flow in Q3, a 65% year-over-year increase, driven by a 46% drop in capital expenditures and $274 million in asset sales.
- Rogers Communications posted 1% revenue growth, with its sports and media division up 9% due to strong Toronto Blue Jays performance and an earlier NHL season start.
- Rogers Communications added 17,000 net new postpaid mobile subscribers, down from 111,000 a year earlier and below analyst expectations of 56,000.
- Tony Staffieri, CEO of Rogers, stated the company prioritized financial metrics like ARPU over subscriber volume during the back-to-school quarter.
- Glenn Brandt, CFO of Rogers, attributed a 2.6% decline in mobile ARPU to the elimination of certain setup fees and increased offshore call center operations.
- Rogers Communications reported a 91% drop in net income due to a $5-billion non-cash gain from Maple Leaf Sports and Entertainment last year that did not recur.
Why it matters: Rogers is trading subscriber growth for stronger cash flow and margins, a shift that benefits investors in the short term but may limit market share gains in a flat Canadian population environment. The $1.3-billion free cash flow beat underscores the impact of spending cuts and asset sales, setting up the 2027 sports stake sale as a pivotal moment for future capital allocation.
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