)
Rogers Communications (RCI) investor relations material
Rogers Communications Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved industry-leading combined mobile phone and internet subscriber additions in Q3 2025, with 111,000 mobile phone and 29,000 internet net adds, and strong performance across wireless, cable, and media segments.
Media revenue surged 26% year-over-year, driven by a strong Blue Jays season and full consolidation of MLSE results.
Maintained industry-best wireless and cable margins, with wireless at 67% and cable at 58%, and postpaid churn at 0.99%, the lowest in over two years.
Completed acquisition of Bell's 37.5% stake in MLSE for $4.7 billion, becoming the 75% controlling owner and consolidating MLSE's results.
Launched satellite-to-mobile service in beta, with over 1 million sign-ups and data capability to launch in Q4.
Financial highlights
Total service revenue rose 4% year-over-year to $4.74 billion; total revenue reached $5.35 billion.
Adjusted EBITDA was $2.52 billion, down 1% year-over-year, with a consolidated margin of 47%.
Net income was $5.81 billion, up sharply due to a $5 billion non-cash gain from MLSE revaluation; adjusted net income was $726 million, down 5%.
Free cash flow for Q3 was $829 million, down 9% year-over-year.
Capital expenditures totaled $964 million in Q3, with capital intensity at 18.0%.
Outlook and guidance
2025 capital expenditures expected at $3.7 billion, down from $3.8 billion, reflecting regulatory impacts.
2025 free cash flow guidance raised to $3.2–$3.3 billion.
Reaffirmed 2025 service revenue growth of 3–5% and adjusted EBITDA growth of 0–3%.
Pro forma 2025 media revenue and adjusted EBITDA (including MLSE) expected at ~$4 billion and $250 million, respectively.
Continued focus on capital efficiency, balance sheet deleveraging, and financial discipline into 2026.
Next Rogers Communications earnings date
Next Rogers Communications earnings date
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)