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Earnings transcript
Read the complete earnings call transcript.
RCI
Rogers Communications Inc.
$32.5
-1.55
(-4.55%)
| Exchange: | NYSE |
| Market Cap: | 17.557B |
| Shares Outstanding: | 295.824M |
Delayed data
About The Company
| Sector: | Communication Services | |||||
| Industry: | Telecommunications Services | |||||
| CEO: | Anthony Staffieri | |||||
| Full Time Employees: | 24000 | |||||
| Address: |
| |||||
| Website: | https://www.rogers.com |
Rogers Communications Inc., a prominent Canadian telecommunications and media conglomerate, structures its diverse operations across three core divisions: Wireless, Cable, and Media. In its Wireless segment, Rogers caters to approximately 11.3 million subscribers through its Rogers, Fido, and chatr brands. This division offers an extensive range of mobile services, including internet access, traditional and enhanced voice communication, wireless home phone, and global voice and data roaming. Customers also benefit from device and accessory financing, device protection plans, email, and convenient device delivery services. Furthermore, Rogers provides specialized wireless solutions for businesses, encompassing machine-to-machine (M2M) connectivity, Internet of Things (IoT) platforms, and landline bridging. The Cable division delivers high-speed internet and comprehensive WiFi services. It also features advanced smart home monitoring solutions, empowering users to manage security, automation, energy efficiency, and other controls conveniently via a dedicated smartphone application. Rogers’ television offerings within this segment are broad, featuring local and network channels, on-demand content, and both cloud-based and personal video recorders (PVRs). It supports linear and time-shifted viewing, provides access to digital specialty channels and 4K programming, and incorporates modern features like voice-activated remote controls and integrated applications. The Ignite TV platform and its accompanying app enable content consumption across various devices, including smartphones, tablets, and personal computers. Beyond consumer offerings, Rogers serves residential and small business clients with local telephony services, complete with calling features such as voicemail, call waiting, and long-distance. For larger enterprises, it delivers sophisticated voice, data networking, and internet protocol (IP) services, including Ethernet, private networking, IP voice, and cloud-based solutions. Advanced network technologies like optical wave and multi-protocol label switching (MPLS) are also part of its portfolio, alongside general IT and network technology support and cable access network services. Rogers’ Media division represents a significant part of its enterprise. It notably owns the Toronto Blue Jays baseball team and the Rogers Centre event venue. The company also operates a wide array of television networks, such as Sportsnet ONE, Sportsnet 360, Sportsnet World, Citytv, OMNI, FX (Canada), FXX (Canada), and OLN. Additionally, Rogers maintains a substantial presence in radio, managing 55 AM and FM stations. Established in 1960, Rogers Communications Inc. is headquartered in Toronto, Canada.
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Revenue Segmentation
EPS
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Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 19,308,000 | 20,604,000 | 21,694,306 |
| Gross Profit | 8,581,000 | 9,617,000 | 9,820,000 |
| EBITDA | 7,611,000 | 9,108,000 | 14,727,988 |
| Operating Income | 4,460,000 | 5,003,000 | 5,013,911 |
| Net Income | 849,000 | 1,734,000 | 6,888,382 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 69,282,000 | 71,411,000 | 89,938,646 |
| Total Liabilities | 58,842,000 | 61,008,000 | 65,672,438 |
| Total Stockholders Equity | 10,440,000 | 10,403,000 | 24,266,209 |
| Total Debt | 45,198,000 | 47,633,000 | 46,566,021 |
| Cash and Cash Equivalents | 800,000 | 898,000 | 1,342,905 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 5,221,000 | 5,680,000 | 6,054,062 |
| Capital Expenditure | -4,116,000 | -4,172,000 | -3,703,979 |
| Free Cash Flow | 1,105,000 | 1,508,000 | 2,350,083 |
| Net Income | 849,000 | 1,734,000 | 6,888,382 |
| Net Change in Cash | -12,500,000 | 98,000 | 486,668 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 23,091,819.593 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 23,509,517.524 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 23,282,989.334 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 19,342,120.304 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 19,691,991.547 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 19,502,247.492 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 2,034,317.420 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 2,082,269.265 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 2,056,263.134 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 687,318.437 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 699,751.043 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 693,008.525 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 3.800 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 3.850 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 3.760 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 3 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 5 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Financial Performance in Q3 2025: As highlighted in the latest earnings call transcript, Rogers Communications reported robust Q3 2025 results, with key financial metrics such as revenue and net income showing positive growth. This performance underscores the company’s ability to execute its operational strategy effectively.
- Market Leadership in Telecommunications: Based on the company profile and industry data, RCI holds a significant position in the Canadian telecommunications sector, supported by a substantial market capitalization and a large employee base, indicating operational scale and stability.
- Positive Free Cash Flow Trends: Analysis of cash flow statements reveals consistent free cash flow generation, bolstered by strong operating cash flow. This financial health supports dividend payments (as indicated by dividend yield TTM) and potential reinvestment in growth initiatives.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates RCI intrinsic value between $37.89 – $41.40 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about RCI valuation
Is Rogers Communications Inc. (RCI) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Rogers Communications Inc. (RCI) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is RCI a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether RCI trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is RCI’s P/E ratio?
You can see RCI’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for RCI?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is RCI a good long-term investment?
Whether RCI fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
RCI
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
-4.55
Trading Metrics:
| Open: | 33.92 | Previous Close: | 34.05 | |
| Day Low: | 32.47 | Day High: | 34.24 | |
| Year Low: | 29.68 | Year High: | 41.14 | |
| Price Avg 50: | 36.65 | Price Avg 200: | 37.11 | |
| Volume: | 1.063M | Average Volume: | 1.299M |
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Login — it's freeRCI full analysis
Welcome to MARKETSNAP’s SWOT analysis for Rogers Communications, also known by its ticker RCI. If you’re a long-term investor looking to dig into a major player in the Canadian telecom and media space, you’re in the right place. Today, we’re breaking down the strengths, weaknesses, opportunities, and threats for Rogers Communications, with a conversational deep dive into what’s driving this company and what could shape its future. Let’s get started with a quick overview of who they are and what’s…
