Rogers Communication ( (RCI) ) has released its Q4 earnings. Here is a breakdown of the information Rogers Communication presented to its investors.
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Rogers Communications Inc., a leading Canadian telecommunications and media company, delivers a diverse range of services, including wireless, cable, and media offerings across Canada. The company reported strong financial results for the fourth quarter of 2024, achieving over $20 billion in annual revenue for the year. Rogers saw significant increases in service revenue and adjusted EBITDA, with growth in wireless and media sectors and stable cable revenues. Key highlights include a 7% growth in service revenue and a 12% rise in adjusted EBITDA, driven by strategic investments and subscriber growth. Looking ahead to 2025, Rogers anticipates continued growth in service revenue and EBITDA, alongside substantial investments in network expansion to maintain its competitive edge in the Canadian market.