Rogers Communications Raises 2025 Revenue Outlook After Acquiring 75% Maple Leaf Sports Stake

Rogers Communications has raised its 2025 service revenue growth forecast to 3–5%, up from a previous range of 0–3%, following strong second-quarter earnings and the completion of its acquisition of a 75% stake in Maple Leaf Sports & Entertainment. The company's media revenue grew 10% in the quarter, driven by higher sports-related revenue from the NHL playoffs and the launch of Warner Bros. Discovery channels. Wireless and cable service revenues increased modestly, supported by subscriber growth, while adjusted earnings per share beat analyst expectations. Rogers is leveraging its sports ownership to create new revenue streams amid a maturing telecom market, betting on exclusive content and media rights to provide more stable subscription and advertising income. The company reported quarterly revenue of C$5.22 billion and improved operational metrics such as increased wireless and cable margins and reduced capital expenditures. Investor confidence was bolstered by a $0.50 per share dividend announcement and optimism that the Maple Leaf deal positions Rogers well for growth in Canada’s evolving sports and media landscape.