)
Edge23 Jan 2026
Death, Taxes, and Garbage: The Story of WM
How Waste Management turned garbage into one of America's most stable business models through landfills, regulation, and nationwide scale.
Rogers Communications
Rogers Communications (RCI) investor relations material
Rogers Communications Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary29 Jan, 2026
Executive summary
Achieved strong Q4 and full-year 2025 results, meeting or exceeding guidance for growth, profitability, and capital efficiency, with industry-leading wireless and cable margins and robust subscriber growth.
Q4 service revenue rose 16% to $5.3 billion, adjusted EBITDA up 6% to $2.7 billion, and free cash flow reached $1.0 billion, up 16% year-over-year.
Closed the acquisition of a controlling 75% interest in MLSE, completed a $7 billion equity investment, and finalized the sale of the data center business for $184 million.
Launched the first Canadian satellite-to-mobile service and expanded value-added offerings, including 5G Advanced deployment.
Debt leverage ratio improved to 3.9x at year-end, a 0.6x reduction from the prior year, with available liquidity at $5.9 billion.
Financial highlights
Q4 consolidated service revenue up 16% to $5.3 billion; adjusted EBITDA up 6% to $2.7 billion; Q4 net income attributable to shareholders was $743 million, up 33%.
Full-year 2025 revenue reached $21.7 billion, up 5% year-over-year; adjusted EBITDA at $9.8 billion, up 2%.
Free cash flow in Q4 was over $1 billion, up 16% year-over-year; full-year free cash flow exceeded $3.3 billion, up 10%.
Capital expenditures for 2025 were $3.7 billion, down 8% year-over-year; capital intensity at a multi-year low of 15.1%.
Q4 wireless service revenue was $2.1 billion, flat year-over-year; adjusted EBITDA grew 1% to $1.4 billion, with a 67% margin.
Q4 cable margin reached 59%, up 30 basis points year-over-year.
Q4 media revenue was $1.2 billion, up 126% year-over-year; adjusted EBITDA up more than fourfold.
Outlook and guidance
2026 outlook projects total service revenue growth of 3%-5% and adjusted EBITDA growth of 1%-3%.
Capital expenditures expected to decline further to $3.3–$3.5 billion in 2026.
Free cash flow projected to rise to $3.3–$3.5 billion in 2026.
Wireless market growth expected in the 2%-2.5% range, with continued focus on value-added services and disciplined pricing.
Detail MLSE value unlock strategy
Plan to counter wireless ARPU decline
Balance network investment with capital efficiency
Wireless ARPU growth strategy amid discounting
MLSE monetization: timing and value unlock
Regulatory impact on CapEx and network evolution
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Rogers Communications earnings date
Q1 202622 Apr, 2026
Rogers Communications
Next Rogers Communications earnings date
Q1 202622 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, 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.
)
Leroy DaleyApp Store
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.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
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.
Leroy DaleyApp Store
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.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
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.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
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.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
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.
Quartr provides global coverage of all investor relation material from public companies.
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.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage