Rogers Communications (RCI) News
Market Cap: $14.92B
Avg Volume: 1.07M
Industry: Telecommunications Services
Sector: Communication Services
Competing for Rogers $1M Prize: Top Performers from Tonight's Episode of Canada's Got Talent
– Stream tonight's episode of CGT on Citytv+. New episodes every Tuesday on Citytv & Citytv+ – – Interviews available by request – – Download photography from tonight's episode here – TORONTO, March 18, 2025 (GLOBE NEWSWIRE) -- Key moments from tonight's episode of Canada's Got Talent, include: BEVERLY SARAZA (Toronto, ON) received a standing ovation after performing an explosive cover of “Bang Bang” by Jessie J.
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Rogers Recognized as Canada's Most Reliable Internet by Opensignal
Canada's largest cable network delivers most consistent experience for Rogers Xfinity customers Canada's largest cable network delivers most consistent experience for Rogers Xfinity customers
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Rogers Communications Inc. Files Annual Report to Shareholders
Includes Annual Financial Statements, MD&A and 2024 Sustainability and Social Impact Disclosure TORONTO, March 06, 2025 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE: RCI) (“Rogers”) today announced the filing with securities regulators in Canada and the U.S. of its 2024 annual report to shareholders. The annual report to shareholders includes Rogers' 2024 audited annual consolidated financial statements and the accompanying management's discussion and analysis (MD&A).
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4 Nations Face-Off: Canadian Pride Would Surge if Canada Beat the U.S. in Hockey Showdown
New Rogers survey shows strong tie between hockey and Canadian identity ahead of 4 Nations final New Rogers survey shows strong tie between hockey and Canadian identity ahead of 4 Nations final
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Rogers Recognized as Canada's Most Reliable Wireless Network by Opensignal
Canada's Largest 5G Network Awarded Multiple Back-to-Back Wins by Network Benchmarker Canada's Largest 5G Network Awarded Multiple Back-to-Back Wins by Network Benchmarker
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Rogers Communications: Focusing On Debt Reduction Will Prove Fruitful
Rogers Communications' share price decline in 2025 is overdone; the company trades at the lowest EV/EBITDA multiple among peers and has a clear debt reduction strategy. RCI's high debt stems from acquiring Shaw Communications and potentially MLSE; however, synergies and strategic benefits are expected to help drive future growth. A potential $7 billion structured equity investment and strong free cash flow will aid debt reduction, positioning Rogers to improve its financial standing relative to Bell and Telus.
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Rogers, NHL and NHLPA Team Up to Support Sun Youth in Montreal During 4 Nations Face-Off
Proceeds from 50/50 Raffle to Help Make Hockey More Accessible in Quebec Rogers, NHL, and NHLPA Jointly Contribute First $50,000 to 50/50 Jackpot Raffle Open to All Adults in Quebec from February 11 to 15
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Rogers Communications Inc. Announces Pricing of Public Offering of US$2.1 billion Fixed-to-Fixed Rate Subordinated Notes and Canadian Private Placement of Cdn$1.0 billion Fixed-to-Fixed Rate Subordinated Notes
TORONTO, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B) (NYSE: RCI) (“RCI”) announced today that it has priced:
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RCI Reports 1Q25 Results, Hosts X Spaces Call at 4:30 PM ET Today
HOUSTON--(BUSINESS WIRE)--RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported results for the fiscal 2025 first quarter ended December 31, 2024. The Company also filed its Form 10-Q today. Summary Financials (in millions, except EPS) 1Q25 1Q24 Total revenues $71.5 $73.9 EPS $1.01 $0.77 Non-GAAP EPS1 $0.80 $0.87 Other gains, net $(2.2) $0.0 Net cash provided by operating activities $13.3 $13.6 Free cash flow1 $12.1 $12.7 Net income attributable to RCIHH common stockholders $9.0 $7.2 Adj.
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RCI to Host 1Q25 Conference Call on X Spaces on Monday, February 10
HOUSTON--(BUSINESS WIRE)--RCI Hospitality Holdings, Inc. (Nasdaq: RICK) plans to file its 10-Q and report financial results for the fiscal 2025 first quarter ended December 31, 2024 after the market closes on Monday, February 10. The company will hold a related conference call on X Spaces at 4:30 PM ET. X Spaces Call & Presentation Hosted by RCI President and CEO Eric Langan, CFO Bradley Chhay, and Mark Moran of Equity Animal Call link: https://twitter.com/i/spaces/1zqKVjQVzjLKB (X log in r.
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Rogers Communications' Q4 Earnings and Revenues Beat Estimates
RCI's fourth-quarter 2024 results reflect revenue growth in Media businesses, driven by higher concert-related revenues.
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Rogers Communications Inc. (RCI) Q4 2024 Earnings Call Transcript
Rogers Communications Inc. (NYSE:RCI ) Q4 2024 Earnings Conference Call January 30, 2025 8:00 AM ET Company Participants Paul Carpino - Vice President, Investor Relations Tony Staffieri - President & Chief Executive Officer Glenn Brandt - Chief Financial Officer Conference Call Participants Drew McReynolds - RBC Batya Levi - UBS Vince Valentini - TD Cowen Maher Yaghi - Scotiabank Tim Casey - BMO Aravinda Galappatthige - Canaccord Genuity Jerome Dubreuil - Desjardins Operator Thank you for standing by. This is the conference operator.
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Rogers Communication (RCI) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Rogers Communication (RCI) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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Rogers Communication (RCI) Tops Q4 Earnings and Revenue Estimates
Rogers Communication (RCI) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.87 per share a year ago.
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Rogers Communications Reports Fourth Quarter 2024 Results; Announces 2025 Financial Guidance
Rogers tops $20 billion in annual revenue in 2024 as more Canadians choose Rogers Wireless and Internet than any other carrier in Canada
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Rogers Communications Declares 50 Cents per Share Quarterly Dividend
TORONTO, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B) (NYSE: RCI) (“Rogers”) announced that its Board of Directors (the “Board”) declared a quarterly dividend totaling 50 cents per share (the “Quarterly Dividend”) on each of its outstanding Class B Non-Voting shares (“Class B Shares”) and Class A Voting shares. The declared Quarterly Dividend will be paid on April 2, 2025 to shareholders of record on March 10, 2025.
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Rogers Communication (RCI) Earnings Expected to Grow: Should You Buy?
Rogers Communication (RCI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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RCI Hospitality Expands Portfolio With Flight Club Acquisition
RICK strengthens its portfolio with the acquisition of Flight Club, enhancing the company's strategic growth.
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RCI Announces Acquisition of Metro Detroit's Flight Club
HOUSTON , Jan. 22, 2025 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced closing on the acquisition of Flight Club, the premier gentlemen's club in the Detroit market, 5 miles from Detroit Metro Airport and 20 miles from downtown, casinos and major sports venues. The purchase price totaled $11.0 million, consisting of $3.0 million cash and $5.0 million seller financing at 8.0% for the club, and $3.0 million cash for associated real estate.
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Rogers and TIFF Sign Multi-Year Deal
Will bring Canadians exclusive content from the Festival Will create VIP red carpet experience for Rogers customers
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RCI's Favoritely.com Social Media Site Successful in First Phase of Beta Rollout
HOUSTON , Jan. 16, 2025 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced a successful first phase beta rollout of the Favoritely.com social media site for adult nightclub entertainers and their fans. The site is now being introduced to more clubs.
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RCI Hospitality: Back To Basics
RCI Hospitality's new "Back-to-Basics" strategy focuses on improving performance, divesting underperforming Bombshells locations, and refocusing on the primary club acquisition strategy and share buybacks. Recent performance has shown a return to comparable growth in nightclubs, but the remaining Bombshells have continued to lag in sales. With RCI Hospitality's financial targets, including $400 million in FY2029 sales and $75 million in free cash flow, I estimate 26% upside to a fair value of $70.8.
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RCI Hospitality Provides Q1 Business Update, Shares Down
RICK's first-quarter fiscal 2025 top line is hurt by Bombshells' dismal sales.
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RCI Reports 1Q25 Club & Restaurant Sales
HOUSTON , Jan. 8, 2025 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported club and restaurant sales for the fiscal first quarter ended December 31, 2024. Sales do not include non-core operations and are subject to final closing.
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Rogers Communications Notice for 4Q24 Results Teleconference January 30, 2025, at 8:00 A.M. ET
TORONTO, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B) (NYSE: RCI) today issued a notice for its fourth quarter financial results and provided an update on its 2024 service revenue guidance. Fourth quarter financial results and 2025 outlook The company plans to release its fourth quarter financial results and outlook for 2025 on Thursday, January 30, 2025, before North American financial markets open.
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Rogers Communications price target lowered to C$54 from C$62 at National Bank
National Bank lowered the firm's price target on Rogers Communications to C$54 from C$62 and keeps an Outperform rating on the shares.
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Here's Why You Should Stay Away From RCI Stock Entering Into 2025
Roger Communications is suffering due to intense competition, declining cable revenues and shifting consumer trends, which are impacting its market position.
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Canada regulator sues Rogers for alleged misleading claims about data offering
Canada's antitrust regulator said on Monday it was suing Rogers Communications Inc for allegedly misleading consumers about offering unlimited data under some phone plans.
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3 Stocks to Watch From a Prospering Cable Television Industry
Zacks Cable Television industry participants like CMCSA, CHTR and RCI are benefiting from growing demand for high-speed Internet and increased media consumption amid cord-cutting.
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RCI Reports 4Q24 & FY24 Results, Launches 5-Year Capital Allocation Plan, Hosts 4:30 PM ET X Spaces Call Today
HOUSTON , Dec. 16, 2024 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported results for the fiscal 2024 fourth quarter and year ended September 30, 2024. The company also filed its Form 10-K today and announced details of its "Back to Basics" Five-Year Capital Allocation Plan.
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Rogers Provides Update on Its Acquisition of Bell's 37.5% Stake in MLSE
TORONTO, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Rogers Communications (TSX: RCI.A and RCI.B) (NYSE: RCI) today announced it has received clearance from the Competition Bureau to proceed with the acquisition of Bell's 37.5% stake in Maple Leaf Sports & Entertainment.
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RCI Hospitality Holdings to Report Q4 Earnings: What's in Store?
RICK's fourth-quarter fiscal 2024 top line is likely to have been hurt by the dismal performance of Bombshells restaurants.
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Rogers Charity Classic Sets New Fundraising Record
CALGARY, Alberta, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Rogers Charity Classic announced today that the 12th annual tournament raised a record-breaking $25.4 million to support children's charities across Alberta. The staggering amount surpasses last year's fundraising total by more than $6 million and brings the total raised since the tournament's inception to $137.7 million.
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RCI to Host 4Q24 Conference Call on X Spaces on Monday, December 16
HOUSTON , Dec. 12, 2024 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) plans to file its 10-K and report financial results for the fiscal 2024 fourth quarter and year ended September 30, 2024 after the market closes on Monday, December 16. The company will hold a related conference call on X Spaces at 4:30 PM ET.
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Santa's Stunning Stocking Surprises: 5 High Yield Blue-Chip Bargains For 2025
Investing in blue-chip stocks at 52-week lows can potentially yield significant returns if fundamentals are strong. Avoid value traps by focusing on companies with solid fundamentals, like Elevance Health, Becton, Dickinson, LyondellBasell, Rogers Communications and Rexford Industrial Realty. These companies offer a 3.7% yield and a 27% discount to fair value, and they have historically outperformed the market with 27% less volatility.
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Value North Of The Border With Canada's Dogs Of The TSX
The BTSX strategy involves buying the top ten yielding stocks from the TSX 60 annually, offering a value play with reasonable P/E ratios. Historically, BTSX has outperformed the TSX, but it underperformed in 2023 and is likely to do so again in 2024. The Canadian market's oligopoly structure, especially in financials, telco, utilities, and pipelines, provides a unique investment landscape with wide moats.
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Rogers Xfinity introduces Storm-Ready WiFi
Launches Canada's first home internet back-up solution Delivers stronger every-day WiFi coverage in hard-to-reach corners of the home TORONTO, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Rogers today announced the launch of Rogers Xfinity Storm-Ready WiFi, an innovative new product designed to keep customers connected when there is an outage. Rogers Xfinity Storm-Ready WiFi brings Rogers advanced network technology together with a device that automatically switches to a cellular backup connection when there's a network or power outage.
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Taylor Swift Fans in Vancouver Break Record for Most Data Ever Used at Single Event on Rogers 5G Network
Fans at single show use enough data on Rogers 5G network to stream Taylor's entire music catalog 9,450 times Fans at single show use enough data on Rogers 5G network to stream Taylor's entire music catalog 9,450 times
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Why Rogers Communication (RCI) is a Top Value Stock for the Long-Term
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
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RCI Announces 36th Consecutive Quarterly Cash Dividend
HOUSTON , Dec. 4, 2024 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced today it has declared a quarterly cash dividend of $0.07 per common share for the fiscal 2025 first quarter ending December 31, 2024. The 1Q25 dividend is payable December 30, 2024 to holders of record at the close of business December 16, 2024.
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Here's Why Rogers Communication (RCI) is a Strong Growth Stock
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
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Rogers Communications: Strong Execution And Reduced Leverage Support An Upgrade
I'm upgrading Rogers Communications to a 'buy' due to strong Q3 results, effective Shaw integration, and disciplined balance sheet management. Rogers reported $5.13 billion in revenue and record net additions, with wireless margins at 66% and cable margins at 58%. The $7 billion structured equity financing deal will reduce leverage to 3.7x, enhancing financial flexibility for growth and shareholder returns.
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Roger's Shares Fall 24% YTD: How Should Investors Play the Stock?
RCI's expanding portfolio and tech advancements bode well for investors. However, stiff competition and a decline in home phone subscribers are concerns.
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RCI Announces Divestiture of Three Underperforming Bombshells
HOUSTON , Nov. 5, 2024 /PRNewswire/ -- As part of its aggressive actions to improve the performance of the Bombshells segment, RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced the decision to permanently close two underperforming leased locations and sell a third. The company said that Bombshells Spring at 21005 Interstate 45 N, Spring, TX, and Bombshells Houston-South at 12810 Gulf Freeway, Houston, TX have been closed and that there are plans to sell Bombshells Austin at 15119 N Interstate Hwy 35, Pflugerville, TX.
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Rogers Net-Zero Targets Approved by SBTi
TORONTO, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Rogers today announced its net-zero greenhouse gas (GHG) emissions targets have been approved by the globally recognized Science Based Targets initiative (SBTi).
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Rogers Communication (RCI) Loses -7.7% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Rogers Communication (RCI) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
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Best Income Stocks to Buy for October 28th
CLPR, HAFC and RCI made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 28, 2024.
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New Strong Buy Stocks for October 28th
CLPR, GBX, TZOO, RCI and PI have been added to the Zacks Rank #1 (Strong Buy) List on October 28, 2024.
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Rogers Communications Q3 Earnings and Revenues Lag Estimates
RCI's third-quarter 2024 results reflect revenue growth in Media businesses, driven by higher sports-related revenues.
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Rogers Communications, Inc. (RCI) Q3 2024 Earnings Call Transcript
Rogers Communications, Inc. (NYSE:RCI ) Q3 2024 Earnings Conference Call October 24, 2024 8:00 AM ET Company Participants Paul Carpino - VP, IR Tony Staffieri - President & CEO Glenn Brandt - CFO Conference Call Participants Batya Levi - UBS Vince Valentini - TD Cowen Maher Yaghi - Scotiabank Drew McReynolds - RBC Sebastiano Petti - J.P. Morgan David Barden - Bank of America Jerome Dubreuil - Desjardins Simon Flannery - Morgan Stanley Aravinda Galappatthige - Canaccord Genuity Operator This is the conference operator.
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What Makes Rogers Communication (RCI) a New Buy Stock
Rogers Communication (RCI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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Rogers Communication (RCI) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Rogers Communication (RCI) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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RCI Hospitality: 3 Themes To Watch Into 2025
RCI Hospitality has been under pressure amid weak sales, pressuring margins. The company's latest update shows signs of a recovery in core nightclub same-store sales as a positive signal into 2025. The stock offers good value as a potential turnaround pick.
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Here's Why Rogers Communication (RCI) is a Strong Value Stock
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
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Rogers Communication (RCI) Q3 Earnings and Revenues Miss Estimates
Rogers Communication (RCI) came out with quarterly earnings of $1.04 per share, missing the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $0.95 per share a year ago.
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Canada's Rogers misses estimates for quarterly subscriber additions
Canada's Rogers Communications on Thursday missed market expectations for third-quarter wireless subscriber additions, hit by cautious spending on its mobile plans and stiff competition in the telecom space.
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Rogers Communications Reports Third Quarter 2024 Results
More Canadians continue to choose Rogers Wireless and Internet than any other carrier in Canada Combined mobile phone and Internet net additions of 227,000 in Q3 and 502,000 for the year to date Q3 postpaid mobile phone net additions of 101,000; prepaid net additions of 93,000; retail Internet net additions of 33,000 Rogers has added industry-best 1.9 million mobile phone and Internet net additions over the past 11 quarters Continued disciplined loading, strong execution, efficiency gains, industry-leading financial performance, and industry-best margins Wireless service revenue up 2% and adjusted EBITDA up 5%; margin up 220 basis points to 66%; blended ARPU stable Cable revenue down 1%; adjusted EBITDA up 5%; margin up 330 basis points to 58% Free cash flow of $915 million, up 23% Rogers' network leadership continues Awarded Canada's fastest and most reliable Internet by Opensignal Awarded Canada's most reliable 5G network by umlaut and most reliable wireless network by Opensignal Delivered DOCSIS 4.0 modem technology with 4 Gbps download and 1 Gbps upload speeds - a global first Rogers announces transaction with a leading global financial investor that will materially reduce leverage with innovative $7 billion structured equity financing Now expecting leverage at year-end will be 3.7x Completion subject to finalizing definitive agreements Expected to close in the fourth quarter; proceeds will be used to pay down debt and further strengthen our balance sheet Company reaffirms 2024 outlook Total service revenue growth of 8% to 10%; adjusted EBITDA growth of 12% to 15%; capital expenditures of $3.8 billion to $4.0 billion; and free cash flow of $2.9 billion to $3.1 billion TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE: RCI) today announced its unaudited financial and operating results for the third quarter ended September 30, 2024. Consolidated Financial Highlights (In millions of Canadian dollars, except per share amounts, unaudited) Three months ended September 30 Nine months ended September 30 2024 2023 % Chg 2024 2023 % Chg Total revenue 5,129 5,092 1 15,123 13,973 8 Total service revenue 4,567 4,527 1 13,523 12,375 9 Adjusted EBITDA 1 2,545 2,411 6 7,084 6,252 13 Net income 526 (99 ) n/m 1,176 521 126 Adjusted net income 1 762 679 12 1,925 1,776 8 Diluted earnings (loss) per share $ 0.98 $(0.20 ) n/m $ 2.19 $0.97 126 Adjusted diluted earnings per share 1 $ 1.42 $1.27 12 $ 3.59 $3.37 7 Cash provided by operating activities 1,893 1,754 8 4,545 3,842 18 Free cash flow 1 915 745 23 2,167 1,591 36 n/m - not meaningful __________________________ 1 Adjusted EBITDA is a total of segments measure.
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Ahead of Rogers Communication (RCI) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Rogers Communication (RCI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
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Rogers Communication (RCI) Reports Next Week: Wall Street Expects Earnings Growth
Rogers Communication (RCI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Rogers Communication to Launch Warner Bros. Discovery Content
RCI is expanding its Media portfolio with the launch of Warner Bros. Discovery's Content.
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Rogers Confirms Plans to Launch Warner Bros. Discovery Brands in 2025
TORONTO, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Rogers Communications confirmed today it will be the proud home of Warner Bros. Discovery's suite of English-language U.S. lifestyle and factual brands starting January 1, 2025.
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RCI Reports 4Q24 Club & Restaurant Sales and Share Buybacks
HOUSTON , Oct. 8, 2024 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported club and restaurant sales for the fiscal fourth quarter and year ended September 30, 2024. Sales do not include non-core operations and are subject to final closing.
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Rogers Communications Continues To Execute
I maintain a strong buy rating on Rogers Communications with a price target of $52.00, reflecting a 29% upside from today's pricing. Strong Q1 earnings, early synergy savings, and disciplined pricing support Rogers' undervaluation and robust dividend payout. Rogers' 5G Home Internet and cost reductions enhance growth potential, with additional margin opportunities from ongoing efficiencies and reduced capital expenses.
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Rogers Communications 3Q24 Investment Community Teleconference October 24, 2024 at 8:00 a.m. ET
TORONTO, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B) (NYSE: RCI) plans to release its third quarter 2024 financial results on Thursday, October 24, 2024, before North American financial markets open. The results will be distributed by newswire and posted at investors.rogers.com. Rogers' management will host its quarterly teleconference with the investment community to discuss the results and outlook at 8:00 a.m. ET.
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Rogers to Adopt Comcast's Industry-Leading Network Design Across Its Footprint
TORONTO & PHILADELPHIA--(BUSINESS WIRE)--Rogers To Adopt Comcast's Industry-Leading Network Design Across Its Footprint.
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RCI to Gain MLSE's Majority Control: How Should You Play the Stock?
Rogers is set to expand its Media portfolio with Bell stake buyout in MLSE.
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Tony Staffieri and Edward Rogers discuss MLSE deal with Ron MacLean
TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Earlier today, Rogers announced it has signed an agreement to buy Bell's 37.5% ownership stake in Maple Leaf Sports & Entertainment (MLSE) for C$4.7 billion.
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Rogers buys Bell's stake in Maple Leaf Sports & Entertainment for $4.7B
Rogers has purchased Bell's stake in Maple Leaf Sports & Entertainment for $4.7 billion, making it the company's majority owner. Rogers and Bell jointly purchased a 75% stake in MLSE, which owns the Toronto Maple Leafs and the Toronto Raptors, in August 2012.
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Rogers to Become Majority Owner of Maple Leaf Sports & Entertainment
Signs agreement to buy out Bell's 37.5% ownership stake in MLSE Will invest to bring championships to Canada Sportsnet will continue to broadcast 50% of Maple Leafs regional games and 50% of Raptors games controlled by MLSE TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B) (NYSE: RCI) (“Rogers”) today announced it has signed an agreement to buy Bell's 37.5% ownership stake in Maple Leaf Sports & Entertainment (MLSE) for C$4.7 billion.
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Telecom Operators in Canada, 2024 Intelligence Report: Mobile, Fixed, and Pay-TV Services - Rogers Wireless Lead Mobile Subscriptions, Followed by Bell Canada and Telus
Dublin, Sept. 16, 2024 (GLOBE NEWSWIRE) -- The "Canada Telecom Operators Country Intelligence Report" report has been added to ResearchAndMarkets.com's offering. This report provides an executive-level overview of the telecommunications market in Canada today, with detailed forecasts of key indicators up to 2028. Published annually, the report provides detailed analysis of the near-term opportunities, competitive dynamics, and evolution of demand by service type and technology/platform across the fixed telephony, broadband, mobile, and pay-TV markets, as well as a review of key regulatory trends. Total telecom and pay-TV service revenue in Canada will increase at a CAGR of 2.8%, supported by strong growth in mobile data revenue, and marginal growth in fixed broadband and pay-TV revenue. Mobile data service revenue will grow at a five-year CAGR of 8.2%, by growing mobile subscriptions and high ARPU levels sustained by more demand of high-speed data and 5G adoption. Fixed broadband revenues will also grow during the 2023-2028 period at a CAGR of 3%, driven by growth in fixed broadband subscriptions broadband expansion initiatives like the Universal Broadband Fund. The report provides in-depth analysis of the following:
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Rogers to Offer All-New iPhone 16, iPhone 16 Plus, iPhone 16 Pro, iPhone 16 Pro Max, Apple Watch Series 10, Apple Watch Ultra 2 in Black Titanium, and AirPods 4
The iPhone 16 lineup is available to pre-order starting on Friday, September 13, and Apple Watch Series 10, Apple Watch Ultra 2 in black titanium, and AirPods 4 are available to pre-order starting today The iPhone 16 lineup is available to pre-order starting on Friday, September 13, and Apple Watch Series 10, Apple Watch Ultra 2 in black titanium, and AirPods 4 are available to pre-order starting today
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RCI to Participate at H.C. Wainwright 26th Annual Investment Conference
HOUSTON , Sept. 9, 2024 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced it will be featured as a presenting company at the H.C.
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RCI Hospitality Boosts Investor Sentiments With 17% Dividend Hike
RICK hikes quarterly cash dividend by 16.7% to 7 cents per share, attributed to improved balance sheet position and effective capital allocation strategies.
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RCI Increases Quarterly Cash Dividend by 16.7%
HOUSTON , Sept. 3, 2024 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced today that it has increased its quarterly cash dividend by 16.7%, to $0.07 per common share from $0.06, for the fiscal 2024 fourth quarter ending September 30, 2024.
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Rogers Welcomes Newcomers with International Credit Recognition
New partnership with Nova Credit makes transition to Canada easier Newcomers can finance a new smartphone and build credit in Canada TORONTO, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Rogers Communications announced a new partnership with Nova Credit, a cross-border credit bureau, to help newcomers to Canada build credit and finance a new smartphone, making their transition easier. The collaboration enables Rogers to offer newcomers maximum credit by considering their international credit history when applying for a Rogers Red credit card, helping them establish a strong financial foundation in Canada.
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RCI Wins Three Top Industry Awards, Including Scarlett's Cabaret Miami for Overall Club of the Year
HOUSTON , Aug. 28, 2024 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced two clubs and a club general manager won top awards at the Annual Gentlemen's Club EXPO last night in Dallas. Scarlett's Cabaret Miami was named "Overall Club of the Year" Country Rock Cabaret St. Louis was named "Small Club of the Year" in the Midwest Region Heidi Santanello of Diamond Cabaret St. Louis was named "General Manager of the Year" Produced by ED Publications, EXPO is the adult nightclub industry's only national convention.
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Rogers Communication (RCI) Up 8.8% Since Last Earnings Report: Can It Continue?
Rogers Communication (RCI) reported earnings 30 days ago. What's next for the stock?
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Edward Rogers appointed Executive Chair of Rogers Communications
TORONTO, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Rogers Board of Directors today appointed Edward Rogers Executive Chair of Rogers Communications effective immediately.
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Rogers Communication (RCI), SenseNet Tie Up for New Technology
Rogers Communication (RCI) collaborates with SenseNet to introduce wildfire detection to 10 communities in Canada.
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Rogers and SenseNet Partner to Introduce Wildfire Detection Technology
National network technology solution to help combat climate change-related events in Canada National network technology solution to help combat climate change-related events in Canada
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RCI Hospitality Q3: Signs Of Bombshells Segment Stabilization, Finally
RCI Hospitality Holdings, Inc. reported its Q3 financials, showing a return to SSS growth in Nightclubs and stabilization in Bombshells. Underlying profitability stayed quite good, with Nightclubs' lower service sales having a bad impact but cost savings in Bombshells showing a good earnings improvement sequentially. The company is clearly focusing on its core operational competencies with the withdrawal of casino licenses.
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RCI Reports 3Q24 Results; X Spaces Call at 4:30 PM ET Today
HOUSTON , Aug. 8, 2024 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported results for the fiscal 2024 third quarter ended June 30, 2024. The company also filed its Form 10-Q today.
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RCI to Host 3Q24 Conference Call on X Spaces Exclusively on Thursday, August 8
HOUSTON , Aug. 7, 2024 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) plans to file its 10-Q and report financial results for the fiscal 2024 third quarter ended June 30, 2024 after the market closes on Thursday, August 8. X Spaces Call & Slides Hosted by RCI President & CEO Eric Langan , CFO Bradley Chhay , and Mark Moran of Equity Animal Call link: https://x.com/RicksCEO/status/1821258346877612301 (X log in required) Presentation link: https://www.rcihospitality.com/investor-relations/ To ask questions during Q&A: Participants must join the X Space using a mobile device To listen only: Participants can access the X Space from a computer There will be no other types of telephone or webcast access.
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Rogers Communications (RCI) Q2 Earnings Beat, Revenues Fall Y/Y
Rogers Communications' (RCI) second-quarter 2024 results reflect a decline in Cable revenues.
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Why Rogers Communication (RCI) is a Top Growth Stock for the Long-Term
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
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Rogers Communications Inc. (RCI) Q2 2024 Earnings Call Transcript
Rogers Communications Inc. (NYSE:RCI ) Q2 2024 Earnings Conference Call July 24, 2024 8:00 AM ET Company Participants David Naccarato - Director of IR Anthony Staffieri - President and CEO Glenn Brandt - CFO Conference Call Participants Drew McReynolds - RBC Vince Valentini - TD Cowen Maher Yaghi - Scotiabank Matthew Griffiths - Bank of America Stephanie Price - CIBC Tim Casey - BMO Batya Levi - UBS Jerome Dubreuil - Desjardins Aravinda Galappatthige - Canaccord Genuity David McFadgen - Cormark Securities Operator Thank you for standing by. This is the conference operator.
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Here's What Key Metrics Tell Us About Rogers Communication (RCI) Q2 Earnings
The headline numbers for Rogers Communication (RCI) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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Rogers Communication (RCI) Q2 Earnings Surpass Estimates
Rogers Communication (RCI) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.76 per share a year ago.
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Rogers Communications Reports Second Quarter 2024 Results
More Canadians continue to choose Rogers Wireless and Internet than any other carrier in Canada Rogers' combined mobile phone and Internet net additions of 188,000 in Q2 and 275,000 for the year to date Q2 postpaid mobile phone net additions of 112,000; prepaid net additions of 50,000; retail Internet net additions of 26,000 Rogers has added industry-best 1.7 million mobile phone and Internet net additions over the past 10 quarters Continued disciplined loading, strong execution, efficiency gains, and industry-leading financial performance Wireless service revenue up 4% and adjusted EBITDA up 6%; margin of 65%; blended ARPU up 1% Cable revenue down 2%; adjusted EBITDA up 9%; margin of 57% Leverage steady at 4.7 despite Q2 investment in Canada of $1 billion in capital expenditures and $475 million payment for spectrum licences to federal government in the first half ($380 million in Q2); targeting 4.2 leverage by year-end Company reaffirms 2024 outlook Total service revenue growth of 8% to 10%; adjusted EBITDA growth of 12% to 15%; capital expenditures of $3.8 billion to $4.0 billion; and free cash flow of $2.9 billion to $3.1 billion TORONTO, July 24, 2024 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE: RCI) today announced its unaudited financial and operating results for the second quarter ended June 30, 2024. "We continued to deliver industry-leading financial results in the second quarter and attract more Canadians than any other carrier," said Tony Staffieri, President and CEO.
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Why Rogers Communication (RCI) is Poised to Beat Earnings Estimates Again
Rogers Communication (RCI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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3 5G Stocks to Buy at Their 52-Week Low in July
Ever thought about the potential of buying 5G stocks roughly at their lowest prices? This move could be a game-changer.
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Rogers Communication (RCI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Rogers Communication (RCI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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RCI Reports 3Q24 Club & Restaurant Sales & Other Updates
HOUSTON , July 11, 2024 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported club and restaurant sales for the fiscal third quarter ended June 30, 2024. Sales do not include non-core operations and are subject to final closing.
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4 Stocks to Watch From a Prospering Cable Television Industry
Zacks Cable Television industry participants like CMCSA, CHTR, RCI and LBTYA are benefiting from growing demand for high-speed Internet and increased media consumption amid cord-cutting.
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Rogers awarded Canada's fastest and most reliable internet
TORONTO, July 04, 2024 (GLOBE NEWSWIRE) -- Rogers Communications announced today that it has been named the fastest and most reliable internet in Canada by Opensignal, the global leader in independent network benchmarking. The report finds that Rogers consistently delivers the most reliable experience, the fastest overall download speeds, and the best streaming experience in Canada.
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7 5G Stocks You'll Regret Ignoring in the Future
The size of the 5G services market is expected to grow from $98.3 billion in 2023 to more than $427 billion by 2028. That equates to forecast compounding annual growth rates above 34% in that period.
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