Published • loading... • Updated
Rogers Posts Q2 Loss as It Takes Charge Related to MLSE Deal
Adjusted earnings of 83 cents per share topped Wall Street estimates as Rogers booked a $1.03 billion charge tied to its planned MLSE purchase.
- On Wednesday, Rogers Communications Inc. reported a second-quarter loss of $524.4 million, yet surpassed adjusted earnings expectations with $1.15 per diluted share, beating Wall Street revenue forecasts.
- A $1.03-billion non-cash accounting charge related to the company's planned acquisition of Maple Leaf Sports and Entertainment drove the net loss of $665 million for the quarter.
- Revenue totaled $5.62 billion, an 8 per cent increase year-over-year, while media revenue surged 53 per cent due to Toronto Blue Jays contributions and the company added 40,000 net new wireless subscribers.
- Rogers declared a quarterly dividend of 50 cents per share payable October 2, 2026, while maintaining $6.1 billion in available liquidity as of June 30 to support strategic investments.
- By the end of 2026, Rogers expects to finalize its $4.35-billion acquisition from Kilmer Sports Inc., with analysts seeing potential for balance-sheet improvement as telecoms deleverage next year.
Insights by Ground AI
28 Articles
28 Articles
TelevisaUnivision Posts Q2 Loss Despite Boost From Mexico World Cup Telecasts
Spanish-language media giant TelevisaUnivision said it posted a loss in the second quarter despite a swell of revenue from its rights to air the World Cup in Mexico, a sign of the challenges the company, formed from the combination of Univision in the U.S. and Grupo Televisa in Mexico, continues to face. The company posted […]
·Los Angeles, United States
Read Full Article
After inking MLSE deal, Rogers fields interest from potential minority investors
As potential minority investors line up for a slice of the pie that is Rogers Communications Inc.'s newly formed Toronto sports empire, the telecommunications giant has a simple message: Don't expect discounts. Rogers is set to own the entirety of Maple Leaf Sports and Entertainment after announcing...
·Kelowna, Canada
Read Full ArticleCoverage Details
Total News Sources28
Leaning Left7Leaning Right3Center12Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 32%
C 54%
14%
Factuality
To view factuality data please Upgrade to Premium
