Overview:
Rogers Q1 2023 earnings saw wireless service revenue up 7% YoY with an addition of 170K postpaid subscribers. Rogers updated their 2023 guidance for adjusted EBITDA and free cash flow now that the Shaw merger is finalized. The Shaw merger boosted the cable segment significantly for Rogers, almost doubling the total retail internet subscribers. There was a hit to the monthly ARPU as Shaw contracts still hold onto discount plans.
Table of Contents:
- Key Takeaways
- 2023 Outlook
- Segment Performance:
- Wireless
- Cable
- Media
Number of Pages: 10
Publication Date: August 2023