Rogers Communications Inc (NYSE:RCI)

Q2 2026 Rogers Communications Inc Earnings Call Transcript

Jul 22, 2026 / 12:00PM GMT

Release Date Price: $32.95 (-4.13%)

Transcript

Key Points

Positve

Rogers Communications Inc (RCI) reported an 8% increase in consolidated service revenue and a 3% rise in adjusted EBITDA, showcasing strong performance despite a low growth telecom market.
The company generated CAD1 billion in free cash flow for Q2, marking a 6% year-over-year increase, while capital expenditures decreased by 16%.
Rogers Communications Inc (RCI) achieved its lowest capital intensity ratio since 2008, improving by 350 basis points to 12.4%.
The company's Sports and Media division saw a 53% increase in revenue, with organic growth of 13%, driven by higher Toronto Blue Jays-related revenue and new channel launches.
Rogers Communications Inc (RCI) is set to acquire the remaining 25% ownership stake in Maple Leaf Sports & Entertainment, aiming to fully own and monetize its sports and media assets.

Negative

Wireless market growth remains low, with mobile phone ARPU down 2% year-over-year, reflecting challenges in achieving revenue growth.
The company recorded a CAD1 billion non-cash loss related to the negotiated purchase price and settlement of the MLSE put liability.
Rogers Communications Inc (RCI) faces ongoing pressure from satellite TV, which continues to impact cable revenue growth.
The regulatory environment poses challenges for capital investment, particularly in network expansion, affecting long-term growth strategies.
The company anticipates further reductions in capital expenditures, which may impact future network and service enhancements.

Operator

Thank you for standing by. This is the conference operator. Welcome to the Rogers Communications Inc. second-quarter 2026 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.

Paul Carpino;Anthony Staffieri

Rogers Communications Inc - Vice President of Investor Relations;Rogers Communications Inc - President, Chief

Thank you, Gaylene. Good morning, everyone, and thank you for joining us. Today I am here with our President and Chief Executive Officer, Tony Staffieri; and our Chief Financial Officer, Glenn Brandt. Todayâs discussion will include estimates and other forward-looking information from which our actual results could differ. Please review the cautionary language in todayâs earnings report and in our 2025 annual report regarding the various factors, assumptions, and risks that could cause actual results to differ.

With that, let me turn it over to Tony.

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