Rogers Communications Reports Third Quarter 2020 Results
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Rogers Communications (RCI) Reports Q3 EPS of Cdn$1.08
October 22, 2020 7:07 AM EDTRogers Communications (NYSE: RCI) reported Q3 EPS of Cdn$1.08, versus Cdn$1.19 reported last year. Revenue for the quarter came in at Cdn$3.67 billion, versus Cdn$3.75 billion reported last year.
Wireless total net loading of 168,000, including a 34% increase in postpaid net subscriber additions to 138,000, reflecting strong executionStrong consumer adoption of Rogers Infinite unlimited data plans now at approximately 2.2 million total subscribers, up almost 60% year to date in 2020Monthly postpaid churn of 1.10%, improved 10 basis pointsImproved adjusted EBITDA service margin 300 basis points with service revenue down 9% and adjusted EBITDA down... More