By Adriano Marchese

Rogers Communications' profit rose in the first quarter as its wireless and media performances boosted revenue growth.

The Canadian telecom giant on Wednesday posted a higher net income of 280 million Canadian dollars ($202.7 million), or C$0.50 a share, compared with C$256 million, or C$0.46 a share, in the comparable quarter a year ago.

Adjusted earnings were C$0.99 a share. According to FactSet, analysts were expecting C$1.01 a share.

Total revenue rose to C$4.98 billion from C$4.9 billion, in-line with analyst expectations for the period.

The growth was due mainly to service revenue growth in the wireless unit, its largest, and media, which rose 1% and 24%, respectively.

Media in particular got a boost from higher sports-related revenue, including at the Toronto Blue Jays baseball team, and higher subscriber and advertising revenue related to the launch of Warner Bros. Discovery's channels and content.

On the network front, Rogers onboarded a net 34,000 new mobile phone subscribers to its service, made up of 11,000 postpaid and 23,000 prepaid, as well as 23,000 net internet additions. A year earlier, the company added 124,000 mobile phone and 26,000 retail internet net additions to its network.

Analysts expected 31,700 new mobile subscribers in the quarter, and 24,200 new internet subscribers to the service.

In the quarter, the company said it logged 124,000 mobile phone and retail net additions to its network. This was made up of postpaid mobile phone net addition of 98,000, up 3,000, while retain internet additions were 26,000, up 12,000.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

April 23, 2025 07:26 ET (11:26 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.