Earnings release
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• • • • > ROGERS . ROGERS COMMUNICATIONS REPORTS FIRST QUARTER 2021 RESULTS Strong execution in Wireless , Cable , and Media deliver solid operational improvements despite continued pandemic lockdown environment Expanded Wireless adjusted EBITDA service margin by 310 basis points ; strong Wireless postpaid net subscriber additions of 44,000 • • Monthly postpaid churn of 0.88 % , improved 5 basis points Service revenue down 6 % and adjusted EBITDA down 1 % Increased Cable service revenue by 5 % ; grew adjusted EBITDA by 8 % • Adjusted EBITDA margin up 110 basis points ; capital intensity at 21 % Grew Media revenue by 7 % , adjusted EBITDA improved by 31 % , reflecting the return of live professional sports broadcasting Continued expanding wireless service to more rural and underserved communities and providing 5G services to 173 communities across the country TORONTO ( April 21 , 2021 ) - Rogers Communications Inc. today announced its unaudited financial and operating results for the first quarter ended March 31 , 2021 . Consolidated Financial Highlights ( In millions of Canadian dollars , except per share amounts , unaudited ) Total revenue Total service revenue 1 2021 Three months ended March 31 % Chg 2020 3,488 3,416 2 3,021 3,049 ( 1 ) 1,391 1,335 4 361 352 3 394 367 7 $ 0.70 $ 0.68 3 $ 0.77 $ 0.71 8 679 959 ( 29 ) 394 462 ( 15 ) 2 Adjusted EBITDA 2 Net income Adjusted net income 2 Diluted earnings per share Adjusted diluted earnings per share² Cash provided by operating activities Free cash flow 2 As defined . See " Key Performance Indicators " . As defined . See " Non - GAAP Measures and Related Performance Measures " . These measures should not be considered substitutes or alternatives for GAAP measures . These are not defined terms under IFRS and do not have standard meanings , so may not be a reliable way to compare us to other companies . " Our solid first quarter results reflect disciplined execution in each of our business units , and our continued ability to support the needs of our customers despite the challenges of the pandemic , " said Joe Natale , President and CEO . " We saw total revenue growth led by improvements in our Cable and Media businesses , and in our Wireless business , saw low churn and strong postpaid subscriber growth . We are confident in our long - term growth strategy and are well positioned as the economy continues to recover . We remain focused on making generational investments in our networks , our customers , and our country , including expanding Canada's largest 5G network and connecting even more rural , remote , and Indigenous communities . " Rogers Communications Inc. 1 First Quarter 2021