Rogers Communications reports $558M Q4 profit, up from $328M a year earlier

TORONTO — Rogers Communications Inc. reported a fourth-quarter profit of $558 million, up from $328 million a year earlier, as its revenue edged higher.

The company says its profit amounted to $1.02 per diluted share for the quarter ended Dec. 31, up from 62 cents per diluted share in the last three months of 2023.

Revenue totalled $5.5 billion, up from $5.3 billion a year earlier.

The company says its wireless service revenue was up two per cent, while wireless equipment revenue rose nine per cent. Cable service revenue was stable.

Media revenue rose 10 per cent, primarily as a result of higher sports- and entertainment-related revenue, but it was lower than the company expected.

On an adjusted basis, Rogers says it earned $1.46 per diluted share in its latest quarter, up from an adjusted profit of $1.19 per diluted share.

This report by The Canadian Press was first published Jan. 30, 2025.

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The Canadian Press