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Rogers’ service revenues climb 2% in Q3

Canada's Rogers Communications reported that its total revenue in the three months ended 30 September 2021 was flat year-on-year at CAD3.666 billion (USD2.970 billion), while quarterly service revenue climbed 2% y-o-y to CAD3.149 billion. 3Q21 EBITDA fell 2% y-o-y to CAD1.600 billion, and three-month net income dropped 4% to CAD490 million. Rogers highlighted mobile post-paid net subscription additions of 175,000 in July-September 2021, helping drive its Wireless division y-o-y service revenue growth of 3% as well as 'record' Q3 post-paid churn of 0.95% and a 4% sequential quarterly improvement in blended ARPU to CAD51.31. Cable division revenue also increased by 3% y-o-y as Rogers posted 17,000 net new fixed broadband subscriptions in the period alongside 64,000 'Ignite TV' net additions.

Thanks to TeleGeography for this industry update.
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Sunday, 29 May 2022

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