JOURNAL ARTICLE

Rogers Raises Revenue Outlook After Buying Toronto Sports Teams.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Hughes, Stephanie 3 of 3

Abstract

The article focuses on Rogers Communications Inc.'s strong performance in the second quarter, surpassing analysts' expectations with increased sales in its wireless and media divisions. The company reported earnings of C$1.14 per share, exceeding the anticipated C$1.10, and raised its 2025 revenue outlook to a growth forecast of 3% to 5%. This improvement follows Rogers' acquisition of a controlling interest in Maple Leaf Sports & Entertainment, which owns the Toronto Maple Leafs and Toronto Raptors. Additionally, the wireless unit gained 35,000 postpaid subscribers, while media sales rose by 10%, driven by NHL playoff broadcasts. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/07, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2025
  • Accession Number:186840654
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