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Rogers Communications reports second-quarter profit drop due to costs, but revenue rises to $5.22B.
Rogers Communications reported a drop in second-quarter profit due to increased costs from restructuring and acquisitions.
Despite this, revenue rose to $5.22 billion, up from $5.09 billion last year.
The company's wireless and media revenues grew, partly due to strong NHL playoff audiences on Sportsnet.
Rogers also acquired BCE Inc.’s stake in Maple Leaf Sports & Entertainment, updating its financial guidance to expect a 3-5% increase in service revenue for 2025.
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Rogers Comunicaciones informa la caída de ganancias del segundo trimestre debido a los costos, pero los ingresos aumentan a $5.22B.