Q2 2023: Rogers Wireless Service Revenue up 7% YoY, ARPU Down on Shaw Acquisition
Overview:
Rogers Q1 2023 earnings saw wireless service revenue up 7% YoY with an addition of 170K postpaid subscribers. Rogers updated their 2023 guidance for adjusted EBITDA and free cash flow now that the Shaw merger is finalized. The Shaw merger boosted the cable segment significantly for Rogers, almost doubling the total retail internet subscribers. There was a hit to the monthly ARPU as Shaw contracts still hold onto discount plans.
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Emily Herbert
Emily is a Research Analyst with the North American team at Counterpoint based in Toronto, Canada. She specializes in North America handset sales along with the global secondary smartphone market. Emily has a HBA in Political Science and English from the University of Toronto with a certification in Research Analytics. She has 5 years experience in the research space with previous experience with the department of Defence Research & Development of Canada focusing on AI technologies in training modules.
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