Rogers Communications Inc. Q3 2025 Earnings Release

Rogers Communications Inc. reported its financial results for the third quarter of 2025, highlighting a 4% increase in total revenue and total service revenue compared to the same period in 2024. The company's Media segment saw a significant 26% revenue growth due to the acquisition of a majority stake in Maple Leaf Sports & Entertainment Ltd. (MLSE) and strong performance from the Toronto Blue Jays. Adjusted EBITDA decreased by 1% to $2.515 billion, primarily due to seasonal impacts in the Media segment. The company also updated its full-year 2025 guidance, maintaining its total service revenue and adjusted EBITDA ranges while adjusting capital expenditures and free cash flow expectations. Rogers continues to invest in network expansion and 5G deployment, with $964 million spent on capital expenditures in the quarter.