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Rogers Communications Reports Fourth Quarter 2024 Results; Announces 2025 Financial Guidance

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Signed landmark deals with Warner Bros. Discovery and NBCUniversal to acquire the most-watched lifestyle and entertainment brands and content, subsequently launching Bravo in Canada and launched channels for HGTV, Food Network, Discovery, and others on January 1, 2025.
Rogers Communications Inc. reported its financial results for the fourth quarter of 2024, highlighting a year of significant growth and strategic advancements. The company saw a 5% increase in total service revenue, driven by strong performances in its Wireless, Cable, and Media segments. Wireless service revenue grew by 7%, supported by a 4% increase in the mobile phone subscriber base and higher ARPU (Average Revenue Per User). The Cable segment also performed well with a 2% revenue increase, attributed to growth in Internet subscribers. Media revenue, however, experienced a slight decline due to lower advertising sales, though this was partially offset by gains in sports and entertainment. Rogers also announced its financial guidance for 2025, expecting continued growth in service revenue, adjusted EBITDA, and free cash flow, while planning significant investments in network infrastructure and customer experience enhancements. Additionally, the company declared a quarterly dividend of $0.50 per share, reflecting confidence in its financial stability and future prospects.

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[ https://www.manilatimes.net/2025/01/30/tmt-newswire/globenewswire/rogers-communications-reports-fourth-quarter-2024-results-announces-2025-financial-guidance/2047111 ]