Fourth Quarter and Full-Year 2021 Results - Strong execution delivers solid operational improvements led by Wireless recovery
- Wireless postpaid net subscriber additions includes phone additions of 141,000; Wireless service revenue growth of 6% and adjusted EBITDA up 5%
- Blended ARPU1 of $51.47 up 3%; improved Q4 postpaid churn by 4 basis points to 1.15%
- Stable financial results in Cable; Internet net subscriber additions include 21,000 net new retail broadband subscribers
- Media revenue growth up 26% reflects the return of live sports broadcasting advertising
- Full-year 2022 guidance2 pre-Shaw transaction reflects improving economy, greater focus on execution, and accelerating investments in 5G and network expansion
- Total service revenue growth range of 4% to 6%
- Adjusted EBITDA growth range of 6% to 8%
- Capital expenditures of $2.8 billion to $3.0 billion
- Free cash flow of $1.8 billion to $2.0 billion
- Shaw transaction remains on track to close in the first half of 2022
TORONTO, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Rogers Communications Inc. today announced its unaudited financial and operating results for the fourth quarter ended December 31, 2021.
https://www.globenewswire.com/news-release/2022/01/27/2374163/0/en/Rogers-Communications-Reports-Fourth-Quarter-and-Full-Year-2021-Results-Announces-2022-Financial-Guidance.html