UPDATE 1-Rogers pulls 2020 outlook, misses estimates as coronavirus crisis deepens [Reuters]
Rogers Communication, Inc. (RCI)
Last rogers communication, inc. earnings: 4/22 07:00 am
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Source: Reuters
Rogers pulls 2020 outlook, misses estimates as coronavirus crisis deepens (Reuters) - Canada’s Rogers Communications Inc on Wednesday pulled its 2020 forecast and reported lower-than-expected quarterly profit due to a drop in ad sales and weaker demand for its wireless services as a result of the coronavirus outbreak. Revenue from the telecom operator’s wireless unit, its largest business, slipped 2% to C$2.08 billion as subscriber activity slowed during the pandemic and roaming sales fell. Rogers, which faces stiff competition from rivals BCE Corp and Telus Corp, generated average revenue per user of C$52.85 from its wireless services, compared with C$54.13, a year earlier. Rogers said the suspension of major sports matches in March and lower ad sales led to a 12% fall in first-quarter revenue in its media segment, which includes television and radio broadcasting, specialty channels and digital media. The telecom operator's revenue for first quarter ended March 31 fell 5% to C$3.42 b
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- 10/23/25 - Beat
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- 10/23/25 - Form 6-K
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- RCI's page on the SEC website