Rogers Communications reported first‑quarter 2026 revenue of $4.912 billion, a 10% year‑over‑year increase that lifts the company above analyst consensus and reflects a broad‑based lift across its wireless, cable and media businesses.
The media segment drove the strongest growth, with revenue up 82% as the company consolidates its stake in Maple Leaf Sports & Entertainment. The acquisition has added a new revenue stream and broadened the company’s content portfolio, supporting the media revenue surge.
Consolidated adjusted EBITDA margin fell 220 basis points to 43.1%, a decline that reflects higher operating costs and a shift in the mix of services. Wireless adjusted EBITDA margin rose to 65% and cable to 58%, both up 40 and 30 basis points respectively, indicating that the company’s core service lines are still profitable even as overall margin compression occurs.
Management maintained its revenue outlook for 2026 but cut capital‑expenditure guidance and raised free‑cash‑flow expectations, signaling a renewed focus on capital efficiency and balance‑sheet strength. The guidance shift underscores confidence in the company’s ability to generate cash while investing strategically.
Tony Staffieri, President and CEO, said the quarter “delivered steady results across our three lines of business supported by significant capital‑efficiency gains and strong free‑cash‑flow generation.” CFO Glenn Brandt highlighted the upgraded free‑cash‑flow outlook and reduced capex as key drivers of the company’s improved financial position.
The wireless segment continues to face headwinds, with declining average revenue per user and rising churn, while the media segment benefits from the MLSE acquisition, providing a tailwind that supports future growth. Investors responded positively to the earnings beat and the company’s focus on free‑cash‑flow generation, reflecting confidence in Rogers’ strategic direction.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.