Key Points – Rogers posted stronger Q2 results, with consolidated service revenue up 8%, adjusted EBITDA up 3%, and free cash flow rising to CAD 1 billion.
Capital expenditures fell 16%, pushing capital intensity to its lowest level since 2008. – Wireless added customers despite a tougher market, including 40,000 net additions and improved churn, though ARPU slipped 2%
Management said it is pulling back from heavy discounting and focusing on longer-term value offers as promotional activity cools across the market. – Sports and media are becoming a bigger growth driver, highlighted by a 53% jump in media revenue and a major MLSE acquisition plan. Rogers expects to fully own MLSE after closing the remaining 25% stake purchase, then later sell a minority stake in the combined sports/media business to help reduce debt. – 3 Low P/E Stocks: Separating Multibaggers From a Value Trap Rogers Communication (NYSE:RCI) reported higher second-quarter service revenue and adjusted earnings, with management emphasizing stronger free cash flow, reduced capital spending and progress on its plan to monetize sports and media assets. On the company’s earnings call, President and CEO Tony Staffieri said Rogers “continued to deliver solid performance” across wireless, cable and sports and media despite what he described as “an overall low growth telecom market.” Consolidated service revenue rose 8%, while adjusted EBITDA increased 3%. – Rogers Communication Stock Should Be Launching Higher Free cash flow for the quarter was CAD 1 billion, up 6% from a year earlier.
Capital expenditures declined 16%, and capital intensity improved 350 basis points to 12.4%, which Staffieri said was Rogers’ lowest capital intensity ratio since the first quarter of 2008. Chief Financial Officer Glenn Brandt said Rogers reaffirmed its 2026 outlook ranges for total service revenue growth, adjusted EBITDA growth, capital expenditures and free cash flow. The company continues to expect 2026 capital…