Rogers demonstrated strong financial and operational performance with notable growth in its core segments and successful deleveraging. However, challenges such as subscriber growth slowdown and regulatory risks pose concerns.

Company Guidance

During the Rogers Communications Q2 2025 earnings call, the company reported notable financial and strategic achievements. Total service revenue and adjusted EBITDA both grew by 2%, with the Wireless segment seeing a 1% increase in both service revenue and adjusted EBITDA. The Cable segment also showed growth, with a 1% rise in service revenue and a 3% increase in adjusted EBITDA. Media revenue surged by 10%, driven by higher viewership during the NHL playoffs and the Toronto Blue Jays' strong performance. The company completed a $7 billion equity investment to reduce its debt, achieving a 3.6x leverage ratio nine months ahead of schedule. Rogers also highlighted the launch of satellite-to-mobile texting, enhancing its wireless coverage significantly, and the rollout of 5G advanced network technology. Additionally, they discussed the inclusion of Maple Leaf Sports & Entertainment (MLSE) financial results, estimating the Media segment's revenue at $3.9 billion and EBITDA at $0.3 billion for 2025. Looking forward, Rogers updated its 2025 guidance, anticipating a 3% to 5% growth in total service revenue and maintaining an adjusted EBITDA growth of 0% to 3%.

Revenue and EBITDA Growth

Rogers reported positive revenue and EBITDA growth in its Wireless, Cable, and Media businesses, with consolidated service revenue and adjusted EBITDA each increasing by 2%.

Cable Revenue Recovery

Cable service revenue and adjusted EBITDA grew by 1% and 3%, respectively, marking a successful return to growth in this segment.

Significant Debt Reduction

Rogers reduced its leverage to 3.6x, achieving its delevering target 9 months ahead of schedule, significantly improving its balance sheet.

Launch of Satellite-to-Mobile Texting

Rogers launched satellite-to-mobile texting, becoming the first Canadian wireless provider to offer this service, expanding coverage significantly.

MLSE Acquisition

Rogers became the majority owner of Maple Leaf Sports & Entertainment with a 75% controlling interest, adding significant value to its Media segment.

Rogers Communication (RCI) Earnings, Revenues Date & History

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RCI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.96 / -	1.029	―	―	―
Jul 23, 2025	2025 (Q2)	0.80 / 0.83	0.84	-1.72% (-0.01)
Apr 23, 2025	2025 (Q1)	0.73 / 0.72	0.717	0.00% (0.00)
Jan 30, 2025	2024 (Q4)	0.99 / 1.06	0.862	22.69% (+0.20)
Oct 24, 2024	2024 (Q3)	0.99 / 1.03	0.92	11.81% (+0.11)
Jul 24, 2024	2024 (Q2)	0.84 / 0.84	0.739	13.73% (+0.10)
Apr 24, 2024	2024 (Q1)	0.71 / 0.72	0.79	-9.17% (-0.07)
Feb 01, 2024	2023 (Q4)	0.81 / 0.86	0.79	9.17% (+0.07)
Nov 09, 2023	2023 (Q3)	0.81 / 0.92	0.608	51.19% (+0.31)
Jul 26, 2023	2023 (Q2)	0.81 / 0.74	0.623	18.60% (+0.12)

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.

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Missed

RCI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$34.14	$34.58	+1.29%
Apr 23, 2025	$25.06	$24.74	-1.28%
Jan 30, 2025	$28.01	$27.88	-0.46%
Oct 24, 2024	$37.83	$36.64	-3.15%

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.