Rogers’ total revenue near-flatlines in H1 2019

25 Jul 2019

Canadian quadruple-play operator Rogers Communications’ total revenue fell 0.3% year-on-year in the first six months of 2019 to CAD7.367 billion (USD5.608 billion). EBITDA rose 5% in the first half of the year to CAD2.970 billion and six-month net income improved 2% to CAD982 million. CAPEX reached CAD1.359 billion in H1 2019, up 8% y-o-y.

Wireless revenues were up 1% y-o-y in 1H19 to CAD4.433 billion, with six-month wireless EBITDA climbing 9% to CAD2.143 billion, driven by growth in the post-paid subscriber base and a 1% increase in ARPU in the year-to-date, primarily due to an improved mix of subscribers on higher-rate plans across Rogers’ brands including Fido and Chatr. Rogers’ cable revenue was up 1% at CAD1.973 billion including CAD1.114 billion cable internet revenue (up 7%), and cable EBITDA grew 3% to CAD923 million. Rogers reported that cable internet revenue growth resulted from higher user volume, migration of customers to higher speed/usage packages and pricing changes, partially offset by promotional discounts. Rogers’ media division revenue dropped 7% in January-June 2019 to CAD1.059 billion, partly due to the sale of its publishing business in April.

Canada, Rogers Communications