Rogers Communications Inc. has delivered a robust financial performance in the second quarter of 2026, demonstrating significant growth across its core business segments. The company's consolidated service revenue climbed by 8% to CAD 5.1 billion, and its adjusted EBITDA saw a 3% increase, reaching CAD 2.4 billion. This positive trajectory is largely attributable to the integration of Maple Leaf Sports & Entertainment (MLSE), which contributed substantially to media revenue growth. Rogers has also successfully reduced its capital intensity to 12.4%, the lowest since 2008, reflecting a concerted effort towards capital efficiency and improved free cash flow generation, which rose by 6% to CAD 1 billion.
In its wireless division, Rogers maintained stable service revenue and a 1% increase in adjusted EBITDA, adding 40,000 net new customers. This success is attributed to a strategic pivot from aggressive promotional discounting to sustainable value propositions and disciplined subscriber management, resulting in a 6-basis-point reduction in postpaid mobile phone churn to 0.94%. The cable segment also showcased consistent growth, with service revenue and adjusted EBITDA each rising by 1% (2% organically, excluding asset sales). Rogers Sports & Media, bolstered by the MLSE consolidation, reported a remarkable 53% surge in revenue, reaching CAD 1.2 billion, and a significant increase in adjusted EBITDA to CAD 69 million, driven by strong attendance at Toronto Blue Jays games and new content offerings. The company aims to monetize a minority interest in its combined sports and media assets by the first half of 2027 to further strengthen its balance sheet.
Rogers Communications continues to pursue a strategy focused on sustainable growth and financial discipline, underscored by its successful integration of key assets and efficient capital management. By prioritizing long-term customer value over short-term promotions and strategically monetizing its sports and media portfolio, Rogers is positioning itself for sustained success and enhanced shareholder value in a competitive market landscape. This forward-looking approach reflects a commitment to operational excellence and a proactive response to evolving industry dynamics, ensuring continued strong performance and innovation.