-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
Rogers delivered robust Q1 results, with total service revenue surging 10% to $4,912M, significantly outpacing 3%-5% guidance, though adjusted EBITDA margins compressed 220 bps to 43.1% due to MLSE consolidation. Adjusted EBITDA grew 5% to $2,364M, while Wireless maintained flat service revenue of $2,031M and expanded margins to 65.1% despite competitive pressures that reduced mobile ARPU by $1.34 to $55.60. The Media segment transformation validates Rogers' strategic vision, with revenue increasing 82% to $988M as MLSE operations drove exceptional performance and adjusted EBITDA improved $63M to break even. The company updated 2026 guidance, reducing capex to $2.5B-$2.7B from $3.3B-$3.5B and increasing FCF guidance to $4.1B-$4.3B. Rogers strengthened its financial position, with FCF growing 32% to $776M and debt leverage improving to 3.8x from 4.0x, positioning the company well for accelerated debt reduction and continued shareholder value creation in a challenging regulatory environment.