Rogers Communication (RCI)
NYSE:RCI
Earnings Data
Report Date
Apr 22, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.73Last Year’s EPS
0.71Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong set of operational and financial achievements—industry-leading wireless and cable margins, meaningful deleveraging, improved free cash flow, successful strategic transactions (MLSE control, $7B equity investment) and a standout media performance driven by sports assets. Management acknowledged near-term challenges including competitive promotional pressure, ARPU headwinds (notably roaming), reliance on unpredictable sports postseason revenue, and regulatory/competitive factors that constrain certain capital investments. On balance, the positive outcomes (margin expansion, cash flow, deleveraging and strategic positioning) materially outweigh the risks and uncertainties discussed.Company Guidance
Industry-Leading Wireless Margins and Stability
Wireless adjusted EBITDA of $1.4B in Q4 (up 1% YoY) and an industry-leading wireless margin of 67% (up 40 bps YoY). Postpaid churn improved to 1.43% in Q4 (down 10 bps) and full-year churn was 1.11%.
Subscriber Growth (Full Year and Q4)
Total mobile phone net additions of 39,000 in Q4; full-year mobile phone net additions of 245,000; combined net new mobile phone and retail internet subscribers of 345,000 for 2025.
Cable Performance and Internet Subscriber Momentum
Cable Q4 revenue slightly up YoY and adjusted EBITDA up 1% in Q4. Retail Internet net additions of 22,000 in Q4 and +100,000 net new retail Internet subscribers in 2025 (second straight year). Cable margin of 59% in Q4 (up 30 bps YoY).
Sports & Media Outperformance
Rogers Sports & Media Q4 revenue of $1.2B (more than double YoY) and adjusted EBITDA of $221M (over fourfold YoY). Pro forma 2025 media revenue including MLSE and Blue Jays postseason was ~ $4.1B and adjusted EBITDA approximately $400M, well ahead of initial expectations.
Strategic Transactions and Product Launches
Closed acquisition of controlling (75%) interest in MLSE; closed a $7B equity investment; launched Rogers Satellite (first Canadian wireless carrier to offer satellite-to-mobile, included in 5G plus plans and selectively free on top-tier plans).
Deleveraging and Free Cash Flow Improvement
Net leverage reduced to 3.9x (improvement of 0.6x YoY). Q4 free cash flow of ~$1.0B (up 16% YoY) and full-year free cash flow > $3.3B (up ~10% YoY).
Capital Efficiency Gains and Lower CapEx
CapEx down 7% in the quarter; capital intensity declined to 15% (lowest since Q2 2017). 2026 CapEx guidance of $3.3B–$3.5B (down from $3.7B in 2025 and $4.0B in 2024) with expected further improvements in capital efficiency.
Positive 2026 Outlook
2026 guidance targeting total service revenue growth of 3%–5%, adjusted EBITDA growth of 1%–3%, and free cash flow of $3.3B–$3.5B, reflecting confidence in continued momentum.
RCI Earnings History
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.
Beat
Missed
RCI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | $35.96 | $38.22 | +6.28% |
Oct 23, 2025 | $36.65 | $37.90 | +3.40% |
Jul 23, 2025 | $33.17 | $33.59 | +1.29% |
Apr 23, 2025 | $24.35 | $24.03 | -1.30% |
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.
FAQ
When does Rogers Communication (RCI) report earnings?
Rogers Communication (RCI) is schdueled to report earning on Apr 22, 2026, Before Open (Confirmed).
What is Rogers Communication (RCI) earnings time?
Rogers Communication (RCI) earnings time is at Apr 22, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RCI EPS forecast?
RCI EPS forecast for the fiscal quarter 2026 (Q1) is 0.73.
