Rogers Reports Strong Q1 Earnings with 10% Revenue Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 22 2026
0mins
Should l Buy RCI?
Source: seekingalpha
- Significant Revenue Growth: Rogers reported a Q1 non-GAAP EPS of $1.01 with revenues of $5.48 billion, reflecting a 10% year-over-year increase, driven primarily by strong performance in its media segment, which solidifies its market position.
- Stable Wireless Revenue: Wireless service revenue remained flat compared to the prior year, while wireless equipment revenue increased by 8%, primarily due to higher device upgrades by existing customers, indicating robust demand for new devices and strengthening the revenue base.
- Slight Increase in Cable Revenue: Cable service revenue grew by 1% year-over-year, primarily due to retail internet subscriber growth and effective pricing strategies; excluding the impact of the 2025 sale of the customer-facing data center business, cable revenue would have increased by 2%, showcasing stability in the cable segment.
- Optimistic Future Outlook: Total service revenue is projected to grow by 3% to 5% in 2025, with adjusted EBITDA expected to rise by 1% to 3%, indicating the company's optimistic view on future growth potential, which further boosts investor confidence.
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Analyst Views on RCI
Wall Street analysts forecast RCI stock price to rise
11 Analyst Rating
7 Buy
3 Hold
1 Sell
Moderate Buy
Current: 36.570
Low
35.99
Averages
41.43
High
46.07
Current: 36.570
Low
35.99
Averages
41.43
High
46.07
About RCI
Rogers Communications Inc. is a diversified Canadian communications and media company. The Company operates in three segments: Wireless, Cable, and Media. The wireless segment provides wireless telecommunications operations for Canadian consumers and businesses. The cable segment is engaged in cable telecommunications operations, including Internet, television, and other video, satellite, telephony, and smart home monitoring services for Canadian consumers and businesses, and network connectivity through its fiber network and data center assets to support a range of voice, data, networking, hosting, and cloud-based services for the business, public sector, and carrier wholesale markets. The media segment offers a diversified portfolio of media properties, including sports media and entertainment, television and radio broadcasting, specialty channels, multi-platform shopping, and digital media.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Impact: As Discovery's #1 series in Canada, Deadliest Catch attracted over 1.6 million viewers in 2025, and the new series is expected to further solidify its market leadership while drawing more attention to Canadian fishing culture.
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- Employee Welfare Consideration: The voluntary departure packages may provide employees with financial compensation, assisting them during career transitions, thereby enhancing employee satisfaction and the company's image.
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See More
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- Revenue Growth: The company reported a 10% increase in revenue in the first quarter, driven by gains in mobile phone and internet subscribers, while its unadjusted net income doubled, demonstrating its potential for growth despite competitive pressures.
- Capex Guidance Revision: Rogers has lowered its 2026 capital expenditure guidance to CAD 2.5 billion to CAD 2.7 billion from CAD 3.3 billion to CAD 3.5 billion, reflecting the direct impact of heightened competitive intensity and recent regulatory decisions on its financial planning.
- Stock Performance: Shares of Rogers Communications rose 1.6% heading into Monday's close, indicating a positive market reaction to the company's strategic adjustments, as investors remain optimistic about its future prospects despite ongoing challenges.
See More
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- Slight EPS Miss: The earnings per share came in at CAD 1.01, just CAD 0.01 below expectations, yet this marks an improvement from last year's CAD 0.99, demonstrating ongoing enhancement in the company's profitability.
- Stable Annual Revenue Guidance: The company reiterated its annual revenue growth guidance of 3% to 5%, suggesting a deceleration compared to Q1's growth rate, but recent momentum indicates potential to reach the higher end of this range, reflecting management's confidence in future performance.
- Strong Stock Performance: Rogers' stock gained 8.2% over the past week, responding positively to the company's earnings results amid a broader market rally, although it remains down 4.4% year-to-date, highlighting mixed investor sentiment.
See More
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- Earnings Highlights: The company reported Q1 earnings per share of CAD 1.01, slightly below expectations but an improvement from CAD 0.99 year-over-year, with revenues of CAD 5.48 billion reflecting a 10% year-over-year growth that surpassed Wall Street estimates, showcasing the company's growth potential in a competitive telecom market.
- Future Guidance: Rogers is guiding for annual revenue growth of 3% to 5% this year, suggesting a slowdown compared to Q1, yet management reiterated this guidance, and recent momentum indicates the potential to achieve performance at the higher end of this range, bolstering investor confidence.
- Market Competition: Despite intense competition in the telecom sector, Rogers' quarterly report and guidance suggest the company remains capable of delivering mid-single-digit growth, reflecting its resilience and adaptability in the market.
See More
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- Profitability Improvement: Rogers Communications reported a net income of C$438 million for Q1, translating to C$0.80 per share, which marks a significant increase from last year's C$280 million and C$0.50 per share, indicating enhanced competitiveness in the market.
- Adjusted Earnings Performance: Excluding special items, the adjusted earnings reached C$550 million or C$1.01 per share, showcasing a strong performance compared to last year's figures, reflecting successful cost control and operational efficiency.
- Significant Revenue Growth: The company's revenue rose by 10.2% year-over-year to C$5.482 billion, up from C$4.976 billion last year, demonstrating robust performance amid recovering market demand.
- Optimistic Market Outlook: With improved revenue and profitability, Rogers Communications is positioned with a stronger financial foundation to better tackle industry challenges and seize growth opportunities in the future.
See More
