Rogers Communications Inc. reported first-quarter FY22 revenue growth of 4 percent year-on-year to C$3.62 billion. Service revenue grew 6 percent Y/Y to C$3.2 billion.
Rogers attracted 66,000 net postpaid mobile phone subscribers, up from 22,000 last year, with a churn of 0.71 percent.
Wireless service revenue increased by 7 percent Y/Y, mainly due to higher roaming revenue.
Cable service revenue increased by 1 percent Y/Y due to service pricing changes and increased Internet and Video subscriber bases.
Media revenue increased by 10 percent Y/Y due to higher sports-related revenue.
Adjusted EPS of C$0.91 improved 18 percent from C$0.77 last year.
Margin
Adjusted EBITDA margin expanded 260 bps to 42.5 percent.
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