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Rogers Q3 mobile service revenue climbs 3%, compared to 4% drop at cable division

10 Nov 2022

Canadian cableco and mobile network operator Rogers Communications reported that its total post-paid mobile phone subscriptions reached 9.199 million at end-September 2022, up by a net 493,000 year-on-year, alongside 75,000 pre-paid mobile phone net additions to 1.262 million. Total retail fixed broadband internet subscriptions stood at 2.277 million, a y-o-y net increase of 69,000, while total video subscriptions (including Rogers ‘Ignite TV’ and ‘legacy’ TV services) also grew, by 49,000, to 1.535 million. Home Phone subscriptions dropped by 76,000 in twelve months to 854,000 at end-3Q22.

Group quarterly revenue improved 2% y-o-y to CAD3.743 billion (USD2.780 billion), as cable division service revenue declined by 4% y-o-y in Q3 2022 to CAD968 million but mobile service revenue climbed 3% to CAD1.761 billion, with total service revenue reaching CAD3.230 billion (up 3% y-o-y). Consolidated EBITDA fell 1% y-o-y in July-September to CAD1.583 billion and net income for the quarter was 24% lower compared to 3Q21, at CAD371 million.

Canada, Rogers Communications

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