Q4 2025 Rogers Communications Inc Earnings Call Transcript
Key Points
- Rogers Communications Inc (RCI) delivered industry-leading wireless and cable margins in 2025.
- The company achieved industry-leading combined net new mobile phone and internet subscribers.
- RCI successfully returned leverage to pre-Shaw levels nine months ahead of schedule.
- The acquisition of a controlling interest in MLSE was completed, enhancing their sports and media operations.
- Rogers launched innovative services like Rogers satellite, becoming the first Canadian wireless carrier to offer satellite to mobile.
- The wireless market remains highly competitive, with RCI opting for a disciplined approach amidst heavy discounting by competitors.
- ARPU (Average Revenue Per User) declined by 2.8% in the fourth quarter.
- Roaming revenue continues to be a headwind, impacting ARPU growth.
- The company faces challenges in maintaining growth in a low-immigration environment, affecting subscriber additions.
- There is uncertainty in predicting the financial impact of sports team playoff runs, which can significantly affect EBITDA.
Thank you for standing by. This is the conference operator. Welcome to the Rogers Communications Inc, fourth-quarter 2025 results conference call. (Operator Instructions)
I would now like to turn the conference over to Paul Carpino, Vice President of Investor Relations with Rogers Communications. Please go ahead, Mr. Carpino.
Thank you, Gaylene, and good morning, everyone, and thank you for joining us. Today, I'm here with our President and Chief Executive Officer, Tony Staffieri; and our Chief Financial Officer, Glenn Brandt.
Today's discussion will include estimates and other forward-looking information from which our actual results could differ. Please review the cautionary language in today's earnings report and our 2024 annual report regarding the various factors, assumptions and risks that could cause our actual results to differ. With that, let me turn the call over to Tony.
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