Rogers' revenue jumps nearly 30 per cent, but profit plunges [Financial Post (Toronto, Ontario, Canada)]
Rogers Communication, Inc. (RCI)
Last rogers communication, inc. earnings: 4/22 07:00 am
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Source: Financial Post
Rogers Communications Inc.'s revenue jumped by 28 per cent in the first quarter of 2024, driven by growth in its cable and wireless businesses. The company reported that total revenue increased to $4.90 billion for the quarter ended March 31, a figure that was in line with analyst expectations of $4.92 billion. Article content Its total service revenue also increased by 31 per cent to $4.36 billion. Article content “We continued to deliver industry-leading growth in the first quarter, our ninth straight quarter of growth and momentum,” chief executive T ony Staffieri said. Cable service revenue almost doubled with a 94 per cent jump in the quarter as a result of its acquisition of Shaw Communications Inc. , which closed a year ago. Its wireless service revenue also increased by 9 per cent in the quarter, primarily as a result of its acquired Shaw Mobile subscribers. The telecom's net income, however, decreased by 50 per cent to $256 million. Rogers attributed the de
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RCI
Earnings
- 4/24/24 - Beat
RCI
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- RCI's page on the SEC website