Rogers Communications Inc. (NYSE: RCI) saw its stock price surge 5.04% during Thursday's intraday trading session following the release of its fourth-quarter financial results.
The Canadian telecom giant reported quarterly adjusted earnings of $1.08 per share, surpassing analyst estimates of $0.98 by 10.2%. Revenue for the quarter reached $4.427 billion, also exceeding expectations of $4.370 billion. The company's performance showed year-over-year growth, with earnings increasing 3.85% and sales rising 12.96% compared to the same period last year.
The stronger-than-expected results were driven by robust contributions from the company's sports and media assets, including its increased stake in Maple Leaf Sports and Entertainment. Rogers also provided a positive outlook for 2026, forecasting continued revenue growth and plans to consolidate ownership of its sports assets, which contributed to investor optimism during the trading session.