Canada's Rogers Communications Q3 adjusted EPS beats estimates
RCI•Rogers Communications reported Q3 revenue of C$5.44 billion and adjusted EPS of C$1.29, beating analyst estimates of C$5.40 billion and C$1.22. It completed its acquisition of a minority stake in MLSE, giving it full ownership, and reaffirmed its 2026 outlook.
1. Quarterly results
Rogers Communications' Q3 revenue grew 2% to C$5.44 billion, slightly above analyst expectations. Adjusted EPS was C$1.29, compared with the C$1.22 estimate; reported EPS was C$0.88.
2. Outlook and assets
The company reaffirmed its 2026 outlook for service revenue, adjusted EBITDA, capital expenditures and free cash flow. Rogers completed its acquisition of the remaining minority stake in MLSE, bringing its ownership to 100%, and plans to sell a minority stake in sports and media assets by the first half of 2027 to repay debt.
3. Segment drivers
Rogers said wireless service revenue declined because of lower average revenue per user amid competitive intensity and regulatory fee changes. Higher sports and subscriber revenue supported media growth, while retail Internet subscriber growth and customer-base management offset declines in Home Phone and Video subscribers.
