RCI Stock Recent News

TORONTO, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Rogers Board of Directors today appointed Edward Rogers Executive Chair of Rogers Communications effective immediately.

Rogers Communication (RCI) collaborates with SenseNet to introduce wildfire detection to 10 communities in Canada.

National network technology solution to help combat climate change-related events in Canada National network technology solution to help combat climate change-related events in Canada

Rogers Communications' (RCI) second-quarter 2024 results reflect a decline in Cable revenues.

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Rogers Communications Inc. (NYSE:RCI ) Q2 2024 Earnings Conference Call July 24, 2024 8:00 AM ET Company Participants David Naccarato - Director of IR Anthony Staffieri - President and CEO Glenn Brandt - CFO Conference Call Participants Drew McReynolds - RBC Vince Valentini - TD Cowen Maher Yaghi - Scotiabank Matthew Griffiths - Bank of America Stephanie Price - CIBC Tim Casey - BMO Batya Levi - UBS Jerome Dubreuil - Desjardins Aravinda Galappatthige - Canaccord Genuity David McFadgen - Cormark Securities Operator Thank you for standing by. This is the conference operator.

The headline numbers for Rogers Communication (RCI) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Rogers Communication (RCI) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.76 per share a year ago.

More Canadians continue to choose Rogers Wireless and Internet than any other carrier in Canada Rogers' combined mobile phone and Internet net additions of 188,000 in Q2 and 275,000 for the year to date Q2 postpaid mobile phone net additions of 112,000; prepaid net additions of 50,000; retail Internet net additions of 26,000 Rogers has added industry-best 1.7 million mobile phone and Internet net additions over the past 10 quarters Continued disciplined loading, strong execution, efficiency gains, and industry-leading financial performance Wireless service revenue up 4% and adjusted EBITDA up 6%; margin of 65%; blended ARPU up 1% Cable revenue down 2%; adjusted EBITDA up 9%; margin of 57% Leverage steady at 4.7 despite Q2 investment in Canada of $1 billion in capital expenditures and $475 million payment for spectrum licences to federal government in the first half ($380 million in Q2); targeting 4.2 leverage by year-end Company reaffirms 2024 outlook Total service revenue growth of 8%

TORONTO, July 24, 2024 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B) (NYSE: RCI) (“Rogers”) announced that a quarterly dividend totaling 50 cents per share (the “Quarterly Dividend”) has been declared on each of its outstanding Class B Non-Voting shares (“Class B Shares”) and Class A Voting shares. The declared Quarterly Dividend will be paid on October 3, 2024 to shareholders of record on September 9, 2024.