Reported about 6 hours ago
Rogers Communications Inc. exceeded analysts' fourth-quarter earnings estimates due to increased wireless service revenue and higher device sales. Despite a 12% EBITDA growth in 2024, the company provided a cautious outlook for 2025, predicting growth between 0% and 3%. Rogers' shares remained stable as the company faces competitive pressures and challenges in its media division. The telecom giant also aimed to finance its stake in sports and media holdings amid ongoing discussions about a significant equity investment.
Source: YAHOO