Rogers Communications posts strong Q3 results, completes MLSE acquisition and plans minority stake sale
Rogers Communications reported third‑quarter 2026 adjusted earnings of C$1.29 per share, well above consensus estimates. Revenue reached C$5.44 billion, up 2% year‑over‑year, while adjusted EBITDA rose 1% to C$2.54 billion and free cash flow hit a record C$1.4 billion. The company closed the purchase of the remaining 25% of Maple Leaf Sports & Entertainment for C$4.35 billion on Oct. 1 and announced it will sell a minority interest in its sports, media and entertainment assets by the first half of 2027.
Why it matters
The earnings beat and record free cash flow reinforce Rogers' financial outlook, supporting its reaffirmed 2026 guidance for revenue and EBITDA growth. The MLSE acquisition gives Rogers full control of valuable sports and media properties, and the planned minority‑stake sale could generate cash to further reduce debt, affecting the company’s capital structure and potentially its share price.
Key facts
- 1Adjusted earnings per share were C$1.29, beating the consensus estimate of C$0.87 by C$0.42. investing.com
- 2Revenue was C$5.44 billion, a 2% increase from the prior‑year quarter. investing.com
- 3Adjusted EBITDA was C$2.54 billion, up 1% year‑over‑year. investing.com
- 4Free cash flow for the quarter was approximately C$1.4 billion, up 65% YoY. finance.yahoo.com
- 5Capital expenditures fell to C$524 million, lowering the capital‑intensity ratio to 9.6%. finance.yahoo.com
- 6Rogers completed the acquisition of the remaining 25% stake in Maple Leaf Sports & Entertainment for C$4.35 billion on Oct. 1. investing.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.