Rogers Adds 61,000 Mobile and 26,000 Retail Internet Customers in Q2, Cuts Churn and Posts ARPU Of $55.45 Vs $57.24 YoY

Benzinga
07-23

Rogers delivers strong results and completion of transformational investments in the second quarter

  • Reports growth in revenue and adjusted EBITDA in Wireless, Cable, and Media and delivers strong free cash flow
  • Significantly accelerated deleveraging with completion of equity investment transaction by leading institutional investors
  • Becomes majority owner of Maple Leaf Sports & Entertainment



     

Delivers positive financial performance in competitive market

  • Total service revenue and adjusted EBITDA up 2%
  • Both Wireless service revenue and adjusted EBITDA up 1%
  • Cable service revenue up 1%; Cable adjusted EBITDA up 3%
  • Media revenue up 10% driven by expanded media content and strong NHL playoff audiences on Sportsnet
  • Free cash flow of $925 million1, up $260 million or 39% year-over-year



     

Strong and disciplined market share performance in both Wireless and Internet

  • Added 61,000 total mobile phone net subscriber additions, including 35,000 postpaid
  • Postpaid churn of 1.00%, down 7 basis points; mobile phone blended ARPU of $55.451
  • Strong retail Internet net additions of 26,000

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