Rogers Communications has reported ongoing subscriber and financial growth, achieving strong year-over-year margin improvement despite a cooling market.
The company announced a $7 billion minority equity investment in April, significantly deleveraging its balance sheet and lowering the debt leverage ratio to 3.6x from 5.2x following the Shaw acquisition two years prior.
Rogers has invested $978 million in capital expenditures, focusing on mobile networks.
The company recorded 57,000 net additions across mobile phone and Internet services, including 34,000 mobile phone subscribers — split into 11,000 postpaid and 23,000 prepaid additions. Mobile phone blended ARPU reached $56.94, while postpaid churn remained low at 1.01 percent. Internet added 23,000 new subscribers.
Rogers Communications has posted revenue of C$4.976 billion (up 2 percent) during the first-quarter of 2025.
Rogers reported a 2 percent increase in wireless service revenue this quarter, driven by continued subscriber growth. However, wireless equipment revenue declined by 3 percent due to lower device sales.
The wireless segment, which accounts for half of Rogers’ revenue, collected C$2.54 billion in the first quarter. Rogers faces competition from Telus and BCE, which made people opt for cheaper alternatives.
Cable revenue dropped 1 percent, impacted by competitive promotions and declines in Home Phone, Video, and Satellite subscribers.
Media revenue surged by 24 percent to $596 million, fueled by higher sports-related income — particularly from the Toronto Blue Jays — and increased subscriber and advertising revenue from the launch of Warner Bros. Discovery’s content lineup.
Rogers signed recently a landmark 12-year agreement worth C$11 billion ($7.68 billion) with the NHL, granting Rogers national media rights across all platforms in Canada, reinforcing its media and content strategy.
Tony Staffieri, President and CEO of Rogers Communications, said: “We are executing with discipline, deleveraging our balance sheet ahead of schedule, and making strategic investments to drive long-term growth.”
Canada’s recent policy changes and a crackdown on immigration have had an impact on demand, as carriers have relied on newcomers to expand its customer base.
TelecomLead.com News Desk
