TORONTO — Rogers Communications Inc. reported its first-quarter profit rose compared with a year ago as it continued to grow its number of mobile and internet customers.
The company said it earned $280 million or 50 cents per diluted share for the quarter ended March 31. The result was up from a profit of $256 million or 46 cents per share in the same quarter last year.
Revenue for the three-month period totalled $4.98 billion, up from $4.90 billion a year earlier.
The company said wireless service revenue was up two per cent from a year ago as its subscriber base grew, while wireless equipment revenue fell three per cent on lower device sales.
Media revenue rose 24 per cent, boosted by higher sports-related revenue, including at the Toronto Blue Jays, and higher subscriber and advertising revenue. Cable revenue fell one per cent.
The results came as the company reported 34,000 total mobile phone net subscriber additions, including 11,000 postpaid — down from 98,000 postpaid additions in the same quarter last year.
Rogers' monthly churn for net postpaid mobile subscribers — a measure of those who cancelled their service — was 1.01 per cent, down from 1.10 per cent during its previous first quarter.
The company recorded 23,000 prepaid net additions in the quarter, compared with a loss of 37,000 subscribers in the first quarter of 2024.
Meanwhile, Rogers' mobile phone average monthly revenue per user was $56.94, down from $58.06 in the first quarter of the prior year.
Retail internet net additions totalled to 23,000.
On an adjusted basis, Rogers says it earned 99 cents per diluted share, the same as the first quarter of 2024.
Rogers chief executive Tony Staffieri said the results came against a backdrop of a slowing economy.
"We are executing with discipline, deleveraging our balance sheet ahead of schedule, and making strategic investments to drive long-term growth," Staffieri said in a statement.
This report by The Canadian Press was first published April 23, 2025.
Companies in this story: (TSX:RCI.B)
Sammy Hudes, The Canadian Press
