Rogers TV subscribers down 24,000 in 4Q 2015

TORONTO — Rogers Communications Inc., a leading diversified Canadian communications and media company, today announced its unaudited financial and operating results for the fourth quarter ended December 31, 2015.

Cable

We enter 2016 with an improved outlook for Cable with enhanced video offerings including an improved legacy user interface, 4K TV, and the launch of Internet Protocol Television (IPTV).

Television revenue

The 7% decrease in Television revenue this quarter was a result of:

• the decline in Television subscribers over the past year primarily associated with the changing television consumption environment; and
• more promotional pricing provided to subscribers; partially offset by
• the impact of pricing changes implemented over the past year.

Launch of 4K TV

In 2015, we made the largest commitment to live sports broadcasting in 4K in North America, rolling out our new NextBox 4K set-top box and announcing more than 100 live sporting events to be televised in 4K. This month, we delivered the world’s first NBA and NHL games in 4K.

Television Subscribers (thousands)

                    Three months        Twelve months
               ended December 31    ended December 31
             -------------------  -------------------
              2015   2014    Chg   2015   2014    Chg
             -----  -----  -----  -----  -----  -----
Total*       1,896  2,024  (128)  1,896  2,024  (128)
Net losses    (24)   (36)     12  (128)  (119)    (9)

* On November 4, 2014, we acquired approximately 16,000 Internet subscribers, 16,000 Television subscribers and 11,000 Phone subscribers from our acquisition of Source Cable, which are not included in net additions, but do appear in the ending total balance for December 31, 2014. The acquisition also increased homes passed by 26,000.