Rogers Communications Reports Second Quarter Net Loss of 665 Million
Total service revenue rose 8% to 5.1 billion Canadian dollars for the three months ended June 30, 2026
Rogers Communications Inc. (RCI), a Canadian telecommunications and media provider, reported a net loss of 665 million Canadian dollars for the second quarter ended June 30, 2026. The company reported a net income of 148 million Canadian dollars for the same period in 2025.
Total service revenue grew 8% to 5.1 billion Canadian dollars. This growth was supported by the media segment, where revenue rose 53% to 1.2 billion Canadian dollars. Wireless and cable service revenues both remained stable, each increasing 1%. Adjusted EBITDA for the quarter rose 3% to 2.4 billion Canadian dollars.
Operating costs increased to 3.17 billion Canadian dollars from 2.85 billion Canadian dollars in the prior-year period. The company also recorded other expenses of 1.02 billion Canadian dollars, compared to a 9 million Canadian dollar income in the second quarter of 2025.
Free cash flow rose 6% to 982 million Canadian dollars. This increase followed a decline in capital expenditures, which fell 16% to 695 million Canadian dollars. The company stated that its capital intensity ratio improved 350 basis points to 12.4%, the lowest level since the first quarter of 2008.
In the wireless segment, the company added 40,000 mobile phone net additions, including 22,000 postpaid. Postpaid mobile phone churn was 0.94%, and mobile phone ARPU was 54.25 Canadian dollars. Retail Internet net additions were 17,000.
The company entered an agreement to purchase the remaining 25% minority stake in Maple Leaf Sports & Entertainment (MLSE). Rogers expects the transaction to close in the fourth quarter. Following the close, the company intends to offer investors a minority stake in its consolidated sports and media holdings.
Rogers reaffirmed its 2026 outlook, projecting total service revenue growth of 3% to 5% and adjusted EBITDA growth of 1% to 3%. The company expects capital expenditures between 2.5 billion and 2.7 billion Canadian dollars and free cash flow between 4.1 billion and 4.3 billion Canadian dollars.