Rogers Communications Inc
RCI.B
ISIN CA7751092007 / Valor 699136
Rogers Communications Inc
UMushroom community rating:
About company
Rogers Communications Inc. is a prominent Canadian telecommunications and media company that has been operational for over 60 years. Founded by Ted Rogers, the company started with the acquisition of a radio station and has since grown into a national service provider, connecting Canadians across the country. Rogers Communications offers a wide range of services including cable television, high-speed internet, wireless communications, and media broadcasting. The company is known for its commitment to innovation, unique partnerships, and providing content that resonates with Canadians. With a focus on building a world-class network, Rogers aims to deliver superior connectivity and entertainment solutions to its customers, while also ensuring long-term business success for the benefit of its customers, employees, and shareholders.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (17.12.2024):
Revenue Growth
In the third quarter of 2024, Rogers Communications Inc. reported a 1% increase in total revenue and total service revenue. This growth was primarily driven by the performance of the Wireless and Media segments. Wireless service revenue saw a 2% rise, attributed to the expansion of the mobile phone subscriber base over the past year. However, Wireless equipment revenue experienced a slight decline of 1% due to fewer device upgrades by existing customers.
Adjusted EBITDA and Margins
Rogers Communications Inc. achieved a 6% increase in consolidated adjusted EBITDA for the third quarter of 2024, with an adjusted EBITDA margin improvement of 230 basis points. This growth was largely due to the full realization of synergy programs from the Shaw Transaction and ongoing cost efficiencies. The Wireless segment's adjusted EBITDA rose by 5%, resulting in a margin of 66.1%, while the Cable segment also saw a 5% increase in adjusted EBITDA, leading to a margin of 57.5%.
Net Income and Adjusted Net Income
For the third quarter of 2024, Rogers Communications Inc. reported a significant increase in net income, which rose by $625 million to $526 million. This improvement was primarily due to the absence of a $422 million loss recognized in the previous year related to a joint venture obligation, higher adjusted EBITDA, and reduced restructuring costs. Adjusted net income also increased by 12%, driven by the higher adjusted EBITDA.
Cash Flow and Liquidity
Rogers Communications Inc. generated $1,893 million in cash from operating activities during the third quarter of 2024, up from $1,754 million in the same period the previous year. Free cash flow also increased by 23% to $915 million. As of September 30, 2024, the company had $4.8 billion in available liquidity, comprising $0.8 billion in cash and cash equivalents and $4.0 billion available under credit facilities. The debt leverage ratio stood at 4.6, reflecting a decrease from the previous year.
2024 Outlook
Rogers Communications Inc. reaffirmed its 2024 outlook, projecting total service revenue growth of 8% to 10% and adjusted EBITDA growth of 12% to 15%. The company anticipates capital expenditures between $3.8 billion and $4.0 billion, with free cash flow expected to range from $2.9 billion to $3.1 billion. These projections underscore Rogers' commitment to maintaining strong financial performance and strategic investments throughout the year.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
12959 M
Market cap (USD)
5,029,658
Daily traded volume (Shares)
43.87 / 43.13
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Dividend yield (p.a.)
Est dividend (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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