Q1 2026 Rogers Communications Inc Earnings Call Transcript
Key Points
- Rogers Communications Inc (RCI) reported solid results with increased service revenue and adjusted EBITDA.
- The company achieved positive net additions in both wireless and retail Internet segments.
- Media division delivered strong top-line growth with an 82% increase in revenue, driven by the consolidation of MLSE.
- RCI plans to reduce capital expenditures by 30% in 2026, improving free cash flow and reducing debt leverage.
- The company is committed to unlocking significant value from its sports and media assets, targeting a valuation in excess of $25 billion.
- The wireless market experienced aggressive promotional activity, impacting pricing and leading to a decline in ARPU by 2.4%.
- Postpaid mobile phone churn increased by 21 basis points, reflecting heightened competition.
- The regulatory environment is seen as punitive, disincentivizing capital investments and impacting growth opportunities.
- RCI's decision to reduce capital expenditures may impact long-term growth and network expansion.
- The competitive environment remains challenging, with continued aggressive discounting from peers affecting sector performance.
Thank you for standing by. This is the conference operator. Welcome to the Rogers Communications, Inc. First Quarter 2026 Results Conference Call. (Operator Instructions) And the conference is being recorded.(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, Galen, 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. As a reminder, we will be holding our AGM this morning at 11:00 a.m., and you can pick up that webcast through the Investor Relations website. To accommodate the AGM, this call will last approximately until 8:45, so we ask that you limit yourself to one question and a quick follow-up so we can accommodate as many questions as possible. We will follow up with you on any other questions later today.
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