Update: Rogers Q3 Adjusted Earnings Beat Estimates Despite Decline; Reaffirms 2026 Outlook

08:46 AM EDT, 10/23/2026 (MT Newswires) -- (Updates to add details of the company's pursuit of a sale of a minority interest in its consolidated sports, media and entertainment assets in the sixth paragraph, and adds share price movement) Rogers Communications (RCI-A.TO, RCI-B.TO, RCI) reported third quarter adjusted earnings per share of CA$1.29, compared with adjusted earnings per share of CA$1.37 a year earlier. Analysts polled by FactSet expected CA$1.22. Total revenue for the quarter ended Sept. 30 was CA$5.4 billion compared with CA$5.3 billion a year earlier, said the company on Friday. Analysts expected revenue of CA$5.4 billion. The company reaffirmed 2026 outlook for total service revenue, adjusted EBITDA, capital expenditures, and free cash flow, it said. The company's board of directors declared a quarterly dividend of CA$0.50 per share on each of its outstanding Class B Non-Voting shares and Class A Voting shares. The dividend will be paid Jan. 5, 2027 to shareholders of record on Dec. 8, 2026, it added. The company is pursuing the sale of a minority interest in its consolidated sports, media, and entertainment assets (Rogers Sports) to third-party investors by the first half of 2027. It expects to use the proceeds from it to repay debt and further improve its balance sheet. US-listed shares of the company were last seen up 0.80% at $33.44 in pre-market trading.