Delivered strong total service revenue growth of 4%
Drove steady performance in both Cable and Wireless with adjusted EBITDA growth of 2%, and 1%, respectively
Focus on efficiency and financial discipline continues to drive industry-leading Wireless margin of 67%, and 58% on Cable
Added 111,000 mobile phone subscribers and 29,000 retail Internet subscribers
Delivered best wireless customer loyalty in over two years; postpaid churn of 0.99%
Media revenue growth enhanced by strong Toronto Blue Jays regular season and consolidation of MLSE results; revenue up 26%
Executed on strong balance sheet management while making meaningful progress on our third pillar of growth - sports and media; achieved debt leverage ratio3 of 3.9x
Q3 consolidated results
Total service
revenue
+4%
($M)
4,739
4,567
Q3'24 Q3'25
Adjusted EBITDA1
(1%)
($M)
2,545
2,515
Q3'24 Q3'25
Q3 Wireless results
Service
revenue
-%
Adjusted
EBITDA
+1%
Adjusted
EBITDA Margin2
+60bps
($M)
($M)
(%)
2,066
2,059
1,365
1,374
66.1
66.7
Q3'24
Q3'25
Q3'24
Q3'25
Q3'24
Q3'25
Mobile phone ARPU2
(3%)
Mobile phone net adds
111K
Postpaid mobile phone churn
(13bps)
($)
('000s)
(%)
58.57
56.70
194
111
1.12
0.99
Q3'24
Q3'25
Q3'24
Q3'25
Q3'24
Q3'25
Q3 Cable results
Service revenue
+1%
Adjusted
EBITDA
+2%
Adjusted
EBITDA Margin
+70bps
($M)
($M)
(%)
1,962
1,974
1,133
1,153
57.5
58.2
Q3'24
Q3'25
Q3'24
Q3'25
Q3'24
Q3'25
Retail Internet net adds
29K
('000s)
33
29
Q3'24
Q3'25
Q3 Media results
Adjusted EBITDA
(45%)
Revenue +26%
($M) ($M)
753
597
136
75
Q3'24
Q3'25
Q3'24
Q3'25
Q3 capital expenditures
Capital
expenditures
(1%)
($M)
977
964
Q3'24 Q3'25
Capital intensity2
(100bps)
(%)
19.0
18.0
Q3'24 Q3'25
Detailed Q3 consolidated results
In millions of dollars, except margins
and per share amounts
Q3'25
% Change
Total service revenue
4,739
4%
Adjusted EBITDA1
2,515
(1%)
Adjusted EBITDA margin2
47.0%
(2.6pts)
Net income attributable to RCI shareholders
5,754
n/m
Diluted earnings per share attributable to RCI shareholders
$10.62
n/m
Adjusted net income attributable to RCI shareholders3
740
(3%)
Adjusted diluted earnings per share attributable to RCI shareholders3
$1.37
(4%)
Capital expenditures
964
(1%)
Capital intensity2
18.0%
(1.0pts)
Cash provided by operating activities
1,515
(20%)
Free cash flow4
829
(9%)
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Rogers Communications Inc. published this content on October 23, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 23, 2025 at 11:13 UTC.
Rogers Communications Inc. is a wireless, cable, and media company. The Company provides connectivity and entertainment to Canadian consumers and businesses across the country. The Company also has a portfolio of media properties, which includes sports media and entertainment, television and radio broadcasting properties, multi-platform televised and online shopping and digital media. Its wireless segment provides wireless telecommunications operations for Canadian consumers and businesses. Its cable segment is engaged in cable telecommunications operations, including Internet, television, and other video, satellite, telephony, and smart home monitoring services for Canadian consumers and businesses, and network connectivity through its fiber network and data center assets to support a range of voice, data, networking, hosting, and cloud-based services. Its media segment offers a diversified portfolio of media properties, including specialty channels, digital media, and others.
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
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Global
Global
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Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
