Rogers Communications

Chatr is a Canadian mobile virtual network operator owned by Rogers Communications targeting entry-level customers. It is one of three wireless brands owned by Rogers Communications, including Rogers Wireless, and Fido Solutions. The provider launched its service in Toronto, Ottawa, Calgary, Edmonton, Vancouver, Quebec City, and Montréal under the name Chatr Wireless on July 28, 2010. The company re-branded to its current name in 2015. The carrier initially launched by limiting plan features to only specific regions of Rogers' network, dubbed "chatr zones". The company now offers coverage for most urban areas of Canada, and additional plans for certain cities.

Chatr

Fido Solutions is a Canadian cellular telephone service provider owned by Rogers Communications. Although Fido's parent company, Rogers Communications, also operates another cellular service Rogers Wireless, Fido remains a separate entity and retains its own retail chain, customer service call centres, network servers and CEO. Fido pioneered the concept of providing unlimited service in select Canadian cities. Fido was the first carrier in Canada to launch a GSM-based network and the first wireless service provider in North America to offer General Packet Radio Service on its network.

Fido Solutions

Rogers Communications, Inc. engages in the provision of wireless communications services. It operates through the following segments: Wireless, Cable, and Media. The Wireless segment refers to wireless telecommunications operations for Canadian consumers and businesses. The Cable segment includes Internet, television, telephony, and smart home monitoring services. The Media segment consists of a portfolio of media properties such as sports media and entertainment; television and radio broadcasting; specialty channels; multi-platform shopping; and digital media. The company was founded by Edward Samuel Rogers, Jr. in 1960 and is headquartered in Toronto, Canada.

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Rogers Communication (RCI) came out with quarterly earnings of $1.04 per share, missing the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $0.95 per share a year ago.

Rogers Communication (RCI) Q3 Earnings and Revenues Miss Estimates

Canada's Rogers Communications on Thursday missed market expectations for third-quarter wireless subscriber additions, hit by cautious spending on its mobile plans and stiff competition in the telecom space.

Canada's Rogers misses estimates for quarterly subscriber additions

More Canadians continue to choose Rogers Wireless and Internet than any other carrier in Canada Combined mobile phone and Internet net additions of 227,000 in Q3 and 502,000 for the year to date Q3 postpaid mobile phone net additions of 101,000; prepaid net additions of 93,000; retail Internet net additions of 33,000 Rogers has added industry-best 1.9 million mobile phone and Internet net additions over the past 11 quarters Continued disciplined loading, strong execution, efficiency gains, industry-leading financial performance, and industry-best margins Wireless service revenue up 2% and adjusted EBITDA up 5%; margin up 220 basis points to 66%; blended ARPU stable Cable revenue down 1%; adjusted EBITDA up 5%; margin up 330 basis points to 58% Free cash flow of $915 million, up 23% Rogers' network leadership continues Awarded Canada's fastest and most reliable Internet by Opensignal Awarded Canada's most reliable 5G network by umlaut and most reliable wireless network by Opensignal Delivered DOCSIS 4.0 modem technology with 4 Gbps download and 1 Gbps upload speeds - a global first Rogers announces transaction with a leading global financial investor that will materially reduce leverage with innovative $7 billion structured equity financing Now expecting leverage at year-end will be 3.7x Completion subject to finalizing definitive agreements Expected to close in the fourth quarter; proceeds will be used to pay down debt and further strengthen our balance sheet Company reaffirms 2024 outlook Total service revenue growth of 8% to 10%; adjusted EBITDA growth of 12% to 15%; capital expenditures of $3.8 billion to $4.0 billion; and free cash flow of $2.9 billion to $3.1 billion TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE: RCI) today announced its unaudited financial and operating results for the third quarter ended September 30, 2024. Consolidated Financial Highlights (In millions of Canadian dollars, except per share amounts, unaudited) Three months ended September 30   Nine months ended September 30   2024   2023   % Chg     2024   2023 % Chg                 Total revenue   5,129   5,092   1     15,123   13,973 8 Total service revenue   4,567   4,527   1     13,523   12,375 9 Adjusted EBITDA 1   2,545   2,411   6     7,084   6,252 13 Net income   526   (99 ) n/m     1,176   521 126 Adjusted net income 1   762   679   12     1,925   1,776 8                 Diluted earnings (loss) per share $ 0.98 $(0.20 ) n/m   $ 2.19 $0.97 126 Adjusted diluted earnings per share 1 $ 1.42 $1.27   12   $ 3.59 $3.37 7                 Cash provided by operating activities   1,893   1,754   8     4,545   3,842 18 Free cash flow 1   915   745   23     2,167   1,591 36 n/m - not meaningful __________________________ 1  Adjusted EBITDA is a total of segments measure.

Rogers Communications Reports Third Quarter 2024 Results

TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B) (NYSE: RCI) (“Rogers”) announced that its Board of Directors (the “Board”) declared a quarterly dividend totaling 50 cents per share (the “Quarterly Dividend”) on each of its outstanding Class B Non-Voting shares (“Class B Shares”) and Class A Voting shares. The declared Quarterly Dividend will be paid on January 3, 2025 to shareholders of record on December 9, 2024.

Rogers Communications Declares 50 Cents per Share Quarterly Dividend

Besides Wall Street's top -and-bottom-line estimates for Rogers Communication (RCI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

Ahead of Rogers Communication (RCI) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Rogers Communication (RCI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Rogers Communication (RCI) Reports Next Week: Wall Street Expects Earnings Growth

Warner Bros Discovery Inc

RCI is expanding its Media portfolio with the launch of Warner Bros. Discovery's Content.

Rogers Communication to Launch Warner Bros. Discovery Content

TORONTO, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Rogers Communications confirmed today it will be the proud home of Warner Bros. Discovery's suite of English-language U.S. lifestyle and factual brands starting January 1, 2025.

Rogers Confirms Plans to Launch Warner Bros. Discovery Brands in 2025

I maintain a strong buy rating on Rogers Communications with a price target of $52.00, reflecting a 29% upside from today's pricing. Strong Q1 earnings, early synergy savings, and disciplined pricing support Rogers' undervaluation and robust dividend payout. Rogers' 5G Home Internet and cost reductions enhance growth potential, with additional margin opportunities from ongoing efficiencies and reduced capital expenses.

Rogers Communications Continues To Execute

TORONTO, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B) (NYSE: RCI) plans to release its third quarter 2024 financial results on Thursday, October 24, 2024, before North American financial markets open. The results will be distributed by newswire and posted at investors.rogers.com. Rogers' management will host its quarterly teleconference with the investment community to discuss the results and outlook at 8:00 a.m. ET.

Rogers Communications 3Q24 Investment Community Teleconference October 24, 2024 at 8:00 a.m. ET

Comcast

TORONTO & PHILADELPHIA--(BUSINESS WIRE)--Rogers To Adopt Comcast's Industry-Leading Network Design Across Its Footprint.

Rogers to Adopt Comcast's Industry-Leading Network Design Across Its Footprint

Rogers is set to expand its Media portfolio with Bell stake buyout in MLSE.

RCI to Gain MLSE's Majority Control: How Should You Play the Stock?

TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Earlier today, Rogers announced it has signed an agreement to buy Bell's 37.5% ownership stake in Maple Leaf Sports & Entertainment (MLSE) for C$4.7 billion.

Tony Staffieri and Edward Rogers discuss MLSE deal with Ron MacLean

Rogers has purchased Bell's stake in Maple Leaf Sports & Entertainment for $4.7 billion, making it the company's majority owner. Rogers and Bell jointly purchased a 75% stake in MLSE, which owns the Toronto Maple Leafs and the Toronto Raptors, in August 2012.

Rogers buys Bell's stake in Maple Leaf Sports & Entertainment for $4.7B

In a significant move that reshapes the Canadian sports and entertainment landscape, Rogers Communications has purchased Bell's 37.5% stake in Maple Leaf Sports & Entertainment (MLSE) for $4.7 billion. This strategic acquisition elevates Rogers' ownership of MLSE to 75%, reinforcing its dominance in Canada's sports sector and expanding its influence in the media industry.

Rogers acquires Bell's 37.5% stake in MLSE for $4.7 billion, raising ownership to 75%

Signs agreement to buy out Bell's 37.5% ownership stake in MLSE Will invest to bring championships to Canada Sportsnet will continue to broadcast 50% of Maple Leafs regional games and 50% of Raptors games controlled by MLSE TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B) (NYSE: RCI) (“Rogers”) today announced it has signed an agreement to buy Bell's 37.5% ownership stake in Maple Leaf Sports & Entertainment (MLSE) for C$4.7 billion.

Rogers to Become Majority Owner of Maple Leaf Sports & Entertainment

Dublin, Sept. 16, 2024 (GLOBE NEWSWIRE) -- The "Canada Telecom Operators Country Intelligence Report" report has been added to ResearchAndMarkets.com's offering. This report provides an executive-level overview of the telecommunications market in Canada today, with detailed forecasts of key indicators up to 2028. Published annually, the report provides detailed analysis of the near-term opportunities, competitive dynamics, and evolution of demand by service type and technology/platform across the fixed telephony, broadband, mobile, and pay-TV markets, as well as a review of key regulatory trends. Total telecom and pay-TV service revenue in Canada will increase at a CAGR of 2.8%, supported by strong growth in mobile data revenue, and marginal growth in fixed broadband and pay-TV revenue. Mobile data service revenue will grow at a five-year CAGR of 8.2%, by growing mobile subscriptions and high ARPU levels sustained by more demand of high-speed data and 5G adoption. Fixed broadband revenues will also grow during the 2023-2028 period at a CAGR of 3%, driven by growth in fixed broadband subscriptions broadband expansion initiatives like the Universal Broadband Fund. The report provides in-depth analysis of the following:

Telecom Operators in Canada, 2024 Intelligence Report: Mobile, Fixed, and Pay-TV Services - Rogers Wireless Lead Mobile Subscriptions, Followed by Bell Canada and Telus

The iPhone 16 lineup is available to pre-order starting on Friday, September 13, and Apple Watch Series 10, Apple Watch Ultra 2 in black titanium, and AirPods 4 are available to pre-order starting today The iPhone 16 lineup is available to pre-order starting on Friday, September 13, and Apple Watch Series 10, Apple Watch Ultra 2 in black titanium, and AirPods 4 are available to pre-order starting today

Rogers to Offer All-New iPhone 16, iPhone 16 Plus, iPhone 16 Pro, iPhone 16 Pro Max, Apple Watch Series 10, Apple Watch Ultra 2 in Black Titanium, and AirPods 4

New partnership with Nova Credit makes transition to Canada easier Newcomers can finance a new smartphone and build credit in Canada TORONTO, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Rogers Communications announced a new partnership with Nova Credit, a cross-border credit bureau, to help newcomers to Canada build credit and finance a new smartphone, making their transition easier. The collaboration enables Rogers to offer newcomers maximum credit by considering their international credit history when applying for a Rogers Red credit card, helping them establish a strong financial foundation in Canada.

Rogers Welcomes Newcomers with International Credit Recognition

Rogers Communication (RCI) reported earnings 30 days ago. What's next for the stock?

Rogers Communication (RCI) Up 8.8% Since Last Earnings Report: Can It Continue?

TORONTO, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Rogers Board of Directors today appointed Edward Rogers Executive Chair of Rogers Communications effective immediately.

Edward Rogers appointed Executive Chair of Rogers Communications

Rogers Communication (RCI) collaborates with SenseNet to introduce wildfire detection to 10 communities in Canada.

Rogers Communication (RCI), SenseNet Tie Up for New Technology

National network technology solution to help combat climate change-related events in Canada National network technology solution to help combat climate change-related events in Canada

Rogers and SenseNet Partner to Introduce Wildfire Detection Technology

Rogers Communications' (RCI) second-quarter 2024 results reflect a decline in Cable revenues.

Rogers Communications (RCI) Q2 Earnings Beat, Revenues Fall Y/Y

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News for Rogers Communications Stock (RCI)