Rogers, or else our stock may take a hit??
https://epaper.nationalpost.com/national-post-latest-edition/20241025/textview
Rogers reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $2.55 billion for the third quarter, up six per cent from 2023. It said the increase was a result of synergies associated to its acquisition of Shaw Communications Inc. as well as ongoing cost efficiencies.
Adjusted diluted earnings were $1.42 per share, up 12 per cent.
Wireless subscriber counts, however, grew less in the quarter compared to the same period last year.
Subscribers who are new to Canada, a category in which Staffieri said Rogers has traditionally performed extremely well, were down 40 per cent year-over-year, he said.
Despite the slowdown, Staffieri said the size of the wireless market continued to grow, adding that once other telcos have reported results, he expects the industry to show growth of somewhere between four and four-and-a-half per cent.