Rogers Communications (NYSE:RCI) closed out 2025 with a significant top-line expansion, bolstered by a powerhouse performance in its media division and a steady showing across its core telecom segments.
The Toronto-based communications giant reported a 16% increase in fourth-quarter service revenue, reaching $5.25 billion, as it successfully integrated recent growth drivers and improved its balance sheet.
For the full year, service revenue hit $19.10 billion, while adjusted EBITDA climbed to $9.82 billion, supported by a $2.69 billion contribution in the final three months of the year.
The company’s wireless and cable units maintained healthy margins of 67% and 59%, respectively, in the fourth quarter, reflecting a consistent operational efficiency despite a competitive Canadian landscape.
However, the standout performer was the Media segment, which saw a substantial surge in activity linked to the Toronto Blue Jays' postseason run and contributions from Maple Leaf Sports & Entertainment (MLSE).
Rogers also demonstrated strong liquidity, reporting full-year free cash flow of $3.36 billion.
Looking ahead, Rogers issued a 2026 outlook that forecasts a steady trajectory.
The company expects service revenue to grow between 3% and 5% and adjusted EBITDA to rise by 1% to 3%.