Rogers Communications reports first-quarter profit and revenue up from year ago

The Rogers Communications sign is marks the company's headquarters in Toronto, April 25, 2012. THE CANADIAN PRESS/Aaron Vincent Elkaim

TORONTO — Rogers Communications Inc. reported a first-quarter profit attributable to shareholders of $438 million, up from $280 million a year earlier, as its revenue rose 10 per cent.

The company said the profit amounted to 80 cents per diluted share for the quarter ended March 31, up from 50 cents per share in the same quarter last year.

On an adjusted basis, Rogers said it earned $1.01 per diluted share, up from an adjusted profit of 99 cents per diluted share a year earlier.

Revenue totalled $5.48 billion, up from $4.98 billion in the first quarter of 2025. Wireless revenue for the quarter totalled $2.59 billion, compared with $2.54 billion a year earlier, while cable revenue totalled $1.95 billion, ticking up from $1.94 billion.

In its outlook, Rogers said it now expects capital expenditures for the year to come in between $2.5 billion and $2.7 billion, down from a January forecast for $3.3 billion and $3.5 billion.

The company also raised its outlook for free cash flow for 2026 to $4.1 billion to $4.3 billion, up from its earlier forecast for $3.3 billion to $3.5 billion.

"In the first quarter, we delivered steady results across our three lines of business supported by significant capital efficiency gains and strong free cash flow generation," said Rogers president and CEO Tony Staffieri in a press release.

"We will continue to execute with discipline throughout 2026 as we look to monetize the very substantial unrecognized value in our world-class sports assets while accelerating free cash-flow generation and advancing our deleveraging plan."

The results came as the company reported 33,000 total mobile phone net subscriber additions, including 28,000 postpaid — those who pay a monthly bill for their wireless services after charges have accumulated.

That was up 154 per cent from 11,000 postpaid additions in the same quarter last year.

Rogers’ monthly churn — a measure of those who cancelled their service — for net postpaid mobile subscribers was 1.22 per cent, up from 1.01 per cent during its previous first quarter.

Rogers’ mobile phone average monthly revenue per user was $55.60, down from $56.94 in the first quarter of the prior year.

Retail internet net additions totalled 7,000, down from 23,000 a year earlier.

This report by The Canadian Press was first published April 22, 2026.

Companies in this story: (TSX:RCI. B)

Sammy Hudes, The Canadian Press