Rogers Profit Rises But Misses Subscriber Targets

Rogers Communications reported first-quarter net income of C$280 million, up from C$256 million last year, and revenue of approximately C$4.98 billion, matching analyst expectations. The company posted adjusted earnings per share of C$0.99, slightly missing the expected C$1.01. Wireless subscriber growth was below projections with just 11,000 postpaid additions, which Rogers attributed to intense pricing competition and stricter Canadian immigration policies. Overall, Rogers achieved net gains of 34,000 mobile phone subscribers and 23,000 internet customers. The media segment saw higher sports-related revenue and new content launches, contributing positively. These results underscore the company's resilience amid strong market competition and regulatory headwinds.