Rogers Communications Inc. Q4 profit declines 35% to $328M amid Shaw acquisition costs, despite 28% revenue growth.

Rogers Communications Inc. reported a decline in its fourth-quarter profit, down by 35% to $328 million, as the company faced higher costs related to its acquisition of Shaw Communications Inc. and the integration of the business. Despite the decline in profit, the company's revenue increased by 28% to $5.34 billion. Rogers CEO Tony Staffieri stated that they are not concerned about the churn rate as their focus is on their premium brand where performance is stronger.

February 01, 2024
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