The wireless, cable and media company said Thursday it earned
That was down from a profit of
"Our results show we are managing the environment effectively, and our long-term strategy is sound," Rogers chief executive
He added that competition between
On an adjusted basis, Rogers says it earned
Analysts on average had expected an adjusted profit of
Revenue from across the Rogers business totalled nearly
Wireless service revenue was down nine per cent from the third quarter of 2019 mainly due to lower roaming revenue amid global travel restrictions during COVID-19 and lower overage revenue as a result of the industry's strategic shift to more use of unlimited data plans.
Cable revenue decreased by one per cent with consistent service revenue and a decrease in equipment revenue.
Media revenue increased one per cent primarily as a result of higher revenue associated with the resumption of NHL hockey, partially offset by lower revenue at the
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