Earnings release
Page 1
● ROGERS ● ROGERS COMMUNICATIONS REPORTS THIRD QUARTER 2021 RESULTS Strong execution across our business delivers solid operational improvements led by Wireless recovery Wireless postpaid net subscriber additions of 175,000 ; positive Wireless service revenue growth of 3 % and adjusted EBITDA up 2 % Record Q3 postpaid churn of 0.95 % ; blended ARPU of $ 51.31 up 4 % sequentially Increased Cable revenue by 3 % ; grew adjusted EBITDA by 2 % Internet net subscriber additions include 17,000 net new broadband subscribers ; Ignite TV net subscriber additions of 64,000 Media returns to positive adjusted EBITDA of $ 33 million TORONTO ( October 21 , 2021 ) - Rogers Communications Inc. today announced its unaudited financial and operating results for the third quarter ended September 30 , 2021 . Consolidated Financial Highlights ( In millions of Canadian dollars , except per share amounts , unaudited ) Total revenue Total service revenue 2 Adjusted EBITDA Net income Adjusted net income 2 TM 1 Diluted earnings per share Adjusted diluted earnings per share² Cash provided by operating activities 2 Free cash flow Three months ended September 30 % Chg Rogers Communications Inc. 2021 3,666 3,149 1,600 490 536 $ 0.94 $ 1.03 1,319 507 2020 3,665 3,086 1,638 512 548 1 $ 1.01 $ 1.08 986 868 ( 2 ) ( 2 ) ( 5 ) 34 ( 42 ) Nine months ended September 30 % Chg 5 4 2 1 8 2021 10,736 9,301 4,365 1,153 1,317 $ 2.27 $ 2.59 3,014 1,203 2020 10,236 8,932 4,267 1,143 1,225 $ 2.23 $ 2.39 3,374 1,798 2 8 1 As defined . See " Key Performance Indicators " . ² 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 . ( 11 ) ( 33 ) " Our Rogers team delivered strong results in the third quarter led by an ongoing recovery in our wireless business , " said Joe Natale , President and CEO . " Each of our businesses is benefitting from the ongoing opening of the economy , and we expect to maintain this momentum as we finish the year . Throughout the pandemic , we have continued to make significant investments in our customers and Canada , which has positioned us well to drive sustainable long - term growth . As we come together with Shaw , we will build on this foundation to bring next generation connectivity to communities across Western Canada , helping to create jobs , attract investment , and increase economic growth . " Third Quarter 2021