Rogers Communications Notice for 4Q24 Results Teleconference January 30, 2025, at 8:00 A.M. ET
Rogers Communications has announced its upcoming fourth quarter financial results release scheduled for January 30, 2025. The company has revised its 2024 service revenue guidance to just over 7%, down from the previously forecasted 8-10% range, citing weakness in media revenue during Q4. All other guidance metrics remain unchanged.
The Q4 results and 2025 outlook will be released before North American markets open on January 30, followed by a management teleconference with investors at 8:00 a.m. ET. CEO Tony Staffieri noted that while media revenue was softer than expected in Q4, the company maintained industry-leading execution throughout the year.
Rogers Communications ha annunciato il rilascio dei risultati finanziari del quarto trimestre, previsto per il 30 gennaio 2025. L'azienda ha rivisto le sue previsioni sui ricavi dei servizi per il 2024 a poco pi霉 del 7%, rispetto alla precedente stima del 8-10%, a causa di un calo dei ricavi media durante il quarto trimestre. Tutti gli altri parametri guida rimangono invariati.
I risultati del Q4 e le prospettive per il 2025 saranno annunciati prima dell'apertura dei mercati nordamericani il 30 gennaio, seguiti da una teleconferenza con gli investitori alle 8:00 ET. Il CEO Tony Staffieri ha sottolineato che, sebbene i ricavi media siano stati pi霉 deboli del previsto nel Q4, l'azienda ha mantenuto un'esecuzione leader nel settore per tutto l'anno.
Rogers Communications ha anunciado la pr贸xima publicaci贸n de sus resultados financieros del cuarto trimestre programada para el 30 de enero de 2025. La compa帽铆a ha revisado su perspectiva de ingresos por servicios para 2024 a poco m谩s del 7%, por debajo del rango pronosticado anteriormente del 8-10%, citando debilidad en los ingresos de medios durante el cuarto trimestre. Todos los dem谩s indicadores de orientaci贸n permanecen sin cambios.
Los resultados del Q4 y las perspectivas para 2025 se publicar谩n antes de que abran los mercados norteamericanos el 30 de enero, seguido de una teleconferencia de gesti贸n con inversores a las 8:00 a.m. ET. El CEO Tony Staffieri se帽al贸 que, aunque los ingresos de medios fueron m谩s bajos de lo esperado en el Q4, la compa帽铆a mantuvo una ejecuci贸n l铆der en la industria durante todo el a帽o.
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Rogers Communications a annonc茅 la publication de ses r茅sultats financiers pour le quatri猫me trimestre, pr茅vue pour le 30 janvier 2025. L'entreprise a r茅vis茅 son objectif de revenus de services pour 2024 脿 un peu plus de 7%, en baisse par rapport 脿 la fourchette pr茅c茅demment pr茅vue de 8-10%, en raison d'une faiblesse des revenus m茅dias au cours du Q4. Tous les autres indicateurs de guidage restent inchang茅s.
Les r茅sultats du Q4 et les perspectives pour 2025 seront publi茅s avant l'ouverture des march茅s nord-am茅ricains le 30 janvier, suivis d'une t茅l茅conf茅rence de direction avec les investisseurs 脿 8h00 ET. Le CEO Tony Staffieri a not茅 que bien que les revenus m茅dias aient 茅t茅 plus faibles que pr茅vu au Q4, l'entreprise a maintenu une ex茅cution leader dans l'industrie tout au long de l'ann茅e.
Rogers Communications hat die Ver枚ffentlichung der finanziellen Ergebnisse f眉r das vierte Quartal, die f眉r den 30. Januar 2025 geplant ist, angek眉ndigt. Das Unternehmen hat seine Umsatzprognose f眉r 2024 auf etwas 眉ber 7% gesenkt, nachdem zuvor ein Bereich von 8-10% prognostiziert wurde, und dies auf eine Schw盲che bei den Medienums盲tzen im Q4 zur眉ckgef眉hrt. Alle anderen Prognosekennzahlen bleiben unver盲ndert.
Die Ergebnisse des Q4 und der Ausblick f眉r 2025 werden vor der Er枚ffnung der nordamerikanischen M盲rkte am 30. Januar ver枚ffentlicht, gefolgt von einer Unternehmenstelefonkonferenz mit Investoren um 8:00 Uhr ET. CEO Tony Staffieri merkte an, dass, obwohl die Medienums盲tze im Q4 schw盲cher als erwartet waren, das Unternehmen im Laufe des Jahres eine branchenf眉hrende Ausf眉hrung beibehielt.
- Maintained industry-leading execution throughout 2024
- Still expects positive service revenue growth of over 7% for 2024
- All guidance metrics except revenue remain on target
- Reduced 2024 service revenue guidance from 8-10% to just over 7%
- Experienced weakness in media revenue during Q4 2024
Insights
The media segment weakness represents a concerning trend, especially given the competitive landscape in Canadian media. While the magnitude of the revenue miss appears manageable, it could signal broader challenges in monetizing media content and advertising. The fact that all other guidance metrics remain unchanged suggests the core telecommunications business remains stable.
From a market perspective, this guidance revision, while negative, is relatively modest. The
For investors, this presents a mixed picture - the core business stability provides a floor, but media segment challenges could persist into 2025. The key focus for the upcoming earnings call will be management's strategy to address media revenue headwinds and their outlook for 2025.
The media revenue softness in Q4 2024 aligns with broader industry trends, where traditional media companies face increasing pressure from digital platforms and changing consumer behaviors. Rogers' media portfolio, which includes sports properties and conventional broadcasting, is particularly susceptible to advertising market fluctuations.
The timing of this announcement, coming early in the year, suggests the Q4 weakness was significant enough to impact the full-year guidance. This could indicate structural challenges rather than seasonal variations. The Canadian media landscape continues to evolve rapidly, with streaming services and digital platforms capturing larger shares of advertising budgets and viewer attention.
Looking ahead, investors should focus on Rogers' ability to adapt its media assets to changing market dynamics. The company's sports properties, particularly its NHL rights, remain valuable but may require new monetization strategies. The upcoming earnings call should provide important insights into management's plans to revitalize the media segment in 2025.
Provides Update on 2024 Service Revenue Guidance
TORONTO, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B) (NYSE: RCI) today issued a notice for its fourth quarter financial results and provided an update on its 2024 service revenue guidance.
Fourth quarter financial results and 2025 outlook
The company plans to release its fourth quarter financial results and outlook for 2025 on Thursday, January 30, 2025,听before North American financial markets open. The results will be distributed by newswire and posted at听Rogers鈥� management will host its quarterly teleconference with the investment community to discuss the results and outlook at听8:00 a.m. ET.
A live webcast of the teleconference will be available on the Investor Relations section of Rogers鈥� website at听Alternatively, the teleconference can be accessed by dialing 416-639-5883 (1-844-282-4459 toll free for North America). When prompted, callers are required to enter passcode 3793238# for admittance to the call.
An archive of the presentation will be available at this same website following the teleconference. In addition, a telephonic re-broadcast will be available for two weeks following the teleconference by dialing 412-317-0088 (1-855-669-9658 toll free for听North America) and providing access code 7473412#.
Update on full year 2024 service revenue
For the full year 2024, Rogers expects annual consolidated service revenue growth just over
鈥淢edia revenue in the fourth quarter was softer than expected affecting our revenue target for the year,鈥� said Tony Staffieri, President and Chief Executive Officer,听Rogers. 鈥淥verall, we continued with industry-leading execution throughout the year听and look forward to sharing the details during our fourth quarter call.鈥�
About Rogers:
Rogers is Canada鈥檚 leading communications and entertainment company, and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). For more information, please visit rogers.com or investors.rogers.com.
For further Information:
Investor Relations
1-844-801-4792
About Forward-Looking Information
This release contains 鈥渇orward-looking information鈥� and 鈥渇orward-looking statements鈥� within the meaning of applicable securities laws (collectively, 鈥渇orward-looking information鈥�). Actual events and results may differ materially from what is expressed or implied by forward鈥恖ooking information if the underlying expectations and assumptions prove incorrect or Rogers鈥� objectives, strategies or intentions change or as a result of risks, uncertainties and other factors, many of which are beyond Rogers鈥� control. See 鈥淎bout Forward-Looking Information鈥� in Rogers鈥� 2023 Annual MD&A and Third Quarter 2024 MD&A.听
FAQ
Why did Rogers Communications (RCI) lower its 2024 service revenue guidance?
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