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