Rogers Communication Navigates Mixed Q2: Subscriber Additions Clash with Revenue Miss
Portfolio Pulse from Nabaparna Bhattacharya
Rogers Communication (NYSE:RCI) reported mixed Q2 results with revenues missing expectations but showing growth in adjusted EBITDA and subscriber additions. The company reaffirmed its 2024 outlook and declared a dividend.
July 24, 2024 | 4:13 pm
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Rogers Communication reported mixed Q2 results with revenues slightly missing expectations but showing growth in adjusted EBITDA and subscriber additions. The company reaffirmed its 2024 outlook and declared a dividend.
The mixed Q2 results with a slight revenue miss but strong EBITDA and subscriber growth create a neutral short-term impact. The reaffirmed 2024 outlook and declared dividend provide stability, but the immediate market reaction is slightly negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100