Rogers Communications Turns To Loss In Q2, Reaffirms FY26 Outlook; Shares Down In Pre-Market
Rogers Communications (RCI) reported Q2 a net loss attributable to shareholders of C$726 million, or C$1.37/share, versus profit of C$157 million, or C$0.29/share a year earlier, mainly tied to a non-cash MLSE put liability revaluation loss. Adjusted net income was C$640 million, or C$1.15/share. Revenue rose 8% to C$5,615 million. RCI reaffirmed FY2026 outlook for total service revenue growth of 3% to 5% and adjusted EBITDA growth of 1% to 3%.
How this was made
The 30-second read
Why it matters
Traders may weigh the negative headline loss against adjusted profitability and the reaffirmed FY26 service revenue and adjusted EBITDA growth ranges, which can stabilize expectations.
Market read
A guidance reaffirmation with specific FY26 growth ranges can support the stock, but the large net loss headline may keep sentiment fragile in early trading.
What to watch
The article does not quantify segment margins, cash flow, or the magnitude of the MLSE put liability revaluation beyond describing it as non-cash, which could matter for risk perception.
Background
Rogers Communications released Q2 results showing a large shareholder net loss, attributed mainly to a non-cash revaluation of the MLSE put liability, and reaffirmed its FY26 outlook.
Ticker impact
Rogers Communications reported Q2 net loss of C$726M and reaffirmed 2026 outlook, with shares down about 3% pre-market.
Near-term trading likely remains sensitive to the guidance reaffirmation versus the headline loss, with volatility around adjusted EBITDA expectations.
The article provides both the headline loss driver (MLSE put liability revaluation) and reaffirmed FY26 service revenue and adjusted EBITDA growth ranges, which can offset some negative sentiment from the net loss.
Market effects
Reaffirmed telecom service revenue and adjusted EBITDA growth ranges can influence sentiment toward Canadian cable and media operators, though the article is single-company focused.
May affect near-term Canadian telecom/cable peer sentiment via read-across on guidance credibility and adjusted EBITDA trajectory.
Limited global impact; primarily relevant to North American telecom and media investors.
Counterpoint
Investors may discount the headline net loss as largely non-cash, focusing instead on adjusted earnings and the reaffirmed FY26 growth bands.
Key entities
- companyRogers Communications Inc.
Reported Q2 net loss attributable to shareholders of C$726M and reaffirmed FY26 outlook for service revenue and adjusted EBITDA growth.
