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Rogers Hits Estimates, Boosts Cash Outlook on Spending Cut

Bloomberg Technology
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Rogers Communications, Canada’s largest mobile provider, met first-quarter earnings estimates with adjusted EPS of C$1.01, aligning with analyst projections in a Bloomberg survey. The company boosted its 2026 free cash flow outlook, citing reduced capital spending as a key driver, which lifted share prices following the announcement. Sports media assets contributed significantly to growth, reinforcing Rogers’ dominance in Canada’s telecommunications and broadcasting sectors amid cost-cutting measures. Headquartered in Toronto, the firm’s financial performance reflects strategic spending adjustments while maintaining revenue stability in a competitive market. The earnings report underscores Rogers’ focus on operational efficiency, balancing investment cuts with sustained profitability in its core mobile and media divisions.
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Rogers Hits Estimates, Boosts Cash Outlook on Spending Cut

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000A Rogers store in Ottawa.Rogers Communications Inc. matched analysts’ earnings estimates and raised its 2026 outlook for free cash flow as it cuts capital spending. The shares rose.The country’s biggest mobile phone provider earned C$1.01 per share on an adjusted basis in the first quarter, in line with the amount expected by analysts in a Bloomberg survey.

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Source: Bloomberg Technology