Rogers TV subscribers down 28,000 in 1Q 2019

Rogers Communications Reports First Quarter 2019 Results

TORONTO — Rogers Communications Inc. today announced its unaudited financial and operating results for the first quarter ended March 31, 2019.

Total revenue decreased 1% this quarter, largely driven by 12% decreases in both Wireless equipment revenue and Media revenue. Declining Wireless equipment revenue was primarily a result of our disciplined approach to postpaid subscriber loading this quarter, whereas Media revenue decreased due to a distribution from Major League Baseball in the first quarter of 2018.

These declines were partially offset by strong service revenue growth of 4% in Wireless, where blended ARPU continued to increase year on year for the twelfth consecutive quarter, and 1% in Cable, where Internet revenue growth of 7% continued to drive this segment. Overall, total service revenue increased by 1% this quarter.

Cable Subscriber Results – Television

                    Three months ended March 31
                   ----------------------------
(In thousands)         2019      2018       Chg
                   --------  --------  --------
Net losses             (28)      (12)      (16)
Total Subscribers     1,657     1,728      (71)