Overview
- Rogers reported net income of $5.75 billion, or $10.62 per share, after a roughly $5 billion non-cash gain tied to recognizing its MLSE stake at fair value.
- On an adjusted basis excluding the MLSE-related gain, the company said earnings were $740 million, or $1.37 per share, down from a year earlier.
- Revenue rose 4% to $5.35 billion, with media up 26% to $753 million on MLSE consolidation and higher Toronto Blue Jays attendance and game-day revenue.
- Wireless service revenue slipped to $2.06 billion as equipment sales increased to $602 million and cable inched up to $1.98 billion.
- Rogers added 111,000 wireless customers in the quarter, EBITDA fell 1% due to MLSE’s offseason, and 2025 capital spending guidance was trimmed to $3.7 billion from $3.8 billion.