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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Rogers Communications
Rogers Communications (RCI) investor relations material
Rogers Communications Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary23 Oct, 2026
Executive summary
Q3 service revenue was $4.78B and adjusted EBITDA was $2.535B, each up 1% YoY; free cash flow reached $1.370B, up 65%.
Lower capital spending and efficiency initiatives supported record free cash flow and higher Wireless and Cable margins amid lower market activity.
MLSE became wholly owned on October 1; a minority sale of consolidated sports, media and entertainment assets is planned by H1 2027.
Financial highlights
Q3 revenue was $5.44B, up 2% YoY; service revenue was $4.78B, up 1%, and adjusted EBITDA was $2.535B, up 1%.
Free cash flow was $1.370B, up 65%; 9M free cash flow was $3.13B, up 34%.
Cash from operating activities was $1.658B, up 9%; Q3 capital expenditures were $524M, down 46%, and 9M capex was $2.03B, down 27%.
Net income was $495M versus $5.77B; prior-year Q3 included a $5B non-cash MLSE gain and a $151M debt redemption gain.
Outlook and guidance
Reaffirmed FY 2026 guidance: total service revenue growth of 3%–5%, adjusted EBITDA growth of 1%–3%, capex of $2.5B–$2.7B and free cash flow of $4.1B–$4.3B.
The 2026 capex plan reflects slower investment pacing, deferrals or cancellations of certain projects, and lower project costs, particularly in Wireless and Cable.
A minority-interest sale of Rogers Sports assets is targeted for H1 2027, with proceeds intended for debt reduction; further deleveraging is planned by then.
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Latest events from Rogers Communications
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- Disciplined growth, cost focus, and a major sports asset deal drive value amid market headwinds.RCIRBC Capital Markets Canadian TIMT Symposium
- Consolidating sports assets and selling a minority stake to unlock value and deleverage.RCI18th Annual Sports & Media Symposium
- Q3 2025 delivered strong subscriber growth, a $5B MLSE gain, and raised free cash flow guidance.RCIQ3 2025
- MLSE consolidation and nationwide bundling drive growth, margin strength, and major monetization potential.RCI24th Annual CIBC Eastern Institutional Investor Conference
- Q2 2024 saw record wireless growth, margin expansion, and robust free cash flow.RCIQ2 2024
- Record revenue, strong margins, and robust free cash flow position for continued growth.RCIQ4 2024
Next Rogers Communications earnings date
Q4 202628 Jan, 2027
Rogers Communications
Next Rogers Communications earnings date
Q4 202628 Jan, 2027
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Frequently asked questions
Rogers Communications Inc. operates through Wireless, Cable, Business Solutions, Media, and Rogers Bank segments. It offers wireless voice and data communication services; cable telecommunications services; and Internet protocol television. The company provides its services for business customers, including small-sized businesses and large enterprises; to meet the communication needs of consumers in the home; and to carriers. The company was founded in 1960 and is headquartered in Toronto, Canada.