Rogers Communications (RCI) Reports Q4 EPS of Cdn$1.00

Rogers Communications (NYSE: RCI) reported Q4 EPS of Cdn$1.00, versus Cdn$1.13 reported last year. Revenue for the quarter came in at Cdn$3.95 billion, versus Cdn$3.94 billion reported last year.

• Strong Wireless loading and accelerated adoption of Rogers Infinite™ unlimited data plans
  • Added 131,000 postpaid nets, up 17% from 2018
  • Grew Wireless adjusted EBITDA by 4%, revenue up 1%
  • Increased Rogers Infinite subscriber base by 40% sequentially to 1.4 million
  • Increased average data usage by over 65% for Rogers Infinite customers
• Delivered strong Cable results led by Internet growth and adoption of Ignite TV™
  • Continued strong Internet revenue growth of 7%
  • Added 27,000 Internet nets, reflecting continued growth in Internet penetration
  • Increased Ignite TV subscriber base by almost 50% sequentially, representing net additions of 106,000
  • Grew adjusted EBITDA by 2%, revenue in line with 2018
• Increased consolidated adjusted EBITDA by 1% this quarter, total revenue in line with 2018
• Free cash flow of $497 million this quarter, up 6%
• Returned $1,671 million this year to shareholders through dividends and share repurchases, up 69%, including $655 million in share repurchases
• Released full-year 2020 financial guidance
  • Total service revenue decrease of 2% to increase of 2%
  • Adjusted EBITDA growth of 0% to 2%
  • Capital expenditures of $2.7 billion to $2.9 billion and free cash flow growth of 2% to 4%

"Our fourth quarter results reflected healthy Wireless postpaid and Internet customer additions, and strong demand for Rogers Infinite data plans, which grew 40% sequentially to 1.4 million subscribers," said Joe Natale, President and CEO. "We were the first to start deploying 5G technology in Canada, and 2020 will see the early stages of our multi-year, multi-billion dollar 5G rollout plan. Investing in 5G is not only critical to Canada’s digital economy, it is critical to Canada’s global competitiveness. As we enter this next decade, we are confident in our long-term growth strategy to deliver the most advanced networks and a continuously improving customer experience while growing shareholder value."

For earnings history and earnings-related data on Rogers Communications (RCI) click here.

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