EarningsQ2 2026 Earnings Report
MX:RCIBN Q2 2026 EPS Results
Actual EPS$14.56
Consensus EPS$14.27
Beat/MissBeat by +$0.29
One Year Ago EPS$14.43
MX:RCIBN Q2 2026 Revenue Results
Actual Revenue$71.08B
Expected Revenue$70.34B
Beat/MissBeat by +$742.52M
YoY Revenue Growth+7.65%
Earnings Announcement Details
QuarterQ2 2026
Date07/22/2026
TimeBefore Open
Conference CallWednesday, July 22, 2026
MX:RCIBN Upcoming Earnings
Rogers Communication's next earnings date is estimated for October 23, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:RCIBN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial performance: strong service revenue growth (+8%), improved free cash flow (+6%) and record-low capital intensity, along with standout sports & media results and a clear plan to monetize MLSE. However, material challenges remain — notably weaker mobile phone net additions (down 34% YoY), a 2% ARPU decline, a CAD 1.0 billion non-cash loss tied to the MLSE put liability, and cautious capital deployment driven by regulatory uncertainty. Management emphasized disciplined execution, deleveraging plans, and sustained lower CapEx run-rates, but some strategic outcomes (minority stake sale, league approvals) carry timing and execution risk.Company Guidance
Consolidated Revenue and EBITDA Growth
Total service revenue up 8% year-over-year to CAD 5.1 billion; consolidated adjusted EBITDA up 3% to CAD 2.4 billion, demonstrating continued top-line and profit growth across the business.
Free Cash Flow and Capital Efficiency
Generated free cash flow of approximately CAD 1.0 billion in Q2, up 6% year-over-year; capital expenditures down 16% to about CAD 0.7 billion; capital intensity improved ~350 basis points to 12.4%, the lowest since Q1 2008.
Wireless Subscriber and Churn Improvements
Added 40,000 total wireless subscribers in the quarter; postpaid mobile phone churn improved to 0.94% (down 6 basis points year-over-year), reflecting stronger base management and retention.
Cable Growth and Internet Adds
Cable service revenue grew 1% (fifth straight quarter of growth) and the business added 17,000 retail internet net additions; cable adjusted margin of 58% was up 10 basis points year-over-year and cable organic growth ~2% when excluding hosted data center sale.
Sports & Media Outperformance and MLSE Transaction
Media revenue topped CAD 1.2 billion, up 53% year-over-year; organic Rogers Sports & Media revenue (ex-MLSE) grew 13%; media adjusted EBITDA increased to CAD 69 million (~8.5x YoY). Agreement signed to acquire remaining 25% of MLSE, creating a combined sports & media platform and a plan to sell a minority stake to monetize value.
Stronger Balance Sheet and Liquidity
Reported liquidity over CAD 6 billion (CAD 1.7 billion cash + CAD 4.4 billion available credit); net leverage improved to 3.8x at June 30, 2026 from 4.0x at Dec 31, 2025, with intent to use proceeds/free cash flow to further delever.
MX:RCIBN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed