US EditionBlue Jays playoff run helps boost Q4 profit and revenue at Rogers Communications
Media revenue surged 126% to C$1.24 billion, fueled by Blue Jays' World Series and Rogers' MLSE acquisition, boosting Q4 profit by 27%, company reports.
- For the quarter ended Dec. 31, Rogers Communications Inc. said the Toronto Blue Jays' run to Game 7 of the World Series helped lift its results, crediting record TV audiences and packed Rogers Centre attendances.
- The Jul. 1 closing of the MLSE transaction contributed to media revenue growth, and Rogers plans to monetize sports assets with an option to buy the remaining 25% from Kilmer Group.
- Rogers reported that media revenue reached $6.2 billion this quarter, supported by the Blue Jays' postseason success and a 126 per cent increase from last year.
- Rogers' finance team and analysts say the $20-billion sports assets could be monetized to reduce $35.8-billion long-term debt, with Glenn Brandt noting, `The timing of that will depend upon how quickly we can come to close on buying out the 25 per cent interest` by 2027.
- Looking to 2026, Rogers projects subscriber weakness with 39,000 mobile net adds and a 2.8 per cent ARPU decline, despite forecasted 3–5% service revenue growth.
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The Toronto Star
BNN BloombergBlue Jays run helps boost Rogers’ profit, company eyes buyout of remaining MLSE stake
The Toronto Blue Jays and their playoff run to Game 7 of the World Series helped Rogers Communications Inc. grow its fourth-quarter profit and revenue compared with a year earlier.
Prince George Citizen
Blue Jays run helps boost Rogers' profit, company eyes buyout of remaining MLSE stake
TORONTO — The Toronto Blue Jays' run to Game 7 of the World Series helped Rogers Communications Inc. double its media revenue during the company's most recent quarter, and it says 2026 could mark another big year for its growing sports portfolio.
Blue Jays playoff run helps boost Q4 profit and revenue at Rogers Communications
The Toronto Blue Jays and their playoff run to Game 7 of the World Series helped Rogers Communications Inc. grow its fourth-quarter profit and revenue compared with a year earlier. The cable and wireless company, which also owns the baseball team, says it earned a profit attributable to shareholders of $743 million or $1.37 per […]
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