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

23 Jul

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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