Rogers Communications Announces 4Q24 Results Teleconference
Rogers Communications Inc. (TSX: RCI.A and RCI.B, NYSE: RCI) is preparing to announce its financial performance for the fourth quarter. The company aims to provide a fresh perspective on its service revenue guidance for the upcoming year.
Details of the Financial Results Release
The announcement of the fourth quarter financial results is scheduled for January 30, 2025. The company intends to release the results before the start of North American markets. This information will be disseminated through newswire services and made available on the company's investor relations platform at Rogers Investor Relations.
Significance of the Upcoming Teleconference
The quarterly teleconference is a significant event where management connects with investors to discuss the outcomes and future projections. The call will commence at 8:00 a.m. ET, allowing participants to gain insights directly from the leadership team.
Listening to the Teleconference
For those interested in hearing the details of the financial results, a live webcast will be accessible on Rogers' investor relations webpage. Additionally, participants can dial into the call using the number 416-639-5883 (toll-free for North American listeners: 1-844-282-4459). To secure entry, callers will need to provide the passcode 3793238#.
Post-Teleconference Availability
Once the teleconference wraps up, an archive of the presentation will be posted on the same investor relations website. Furthermore, a telephonic re-broadcast of the event will be available for two weeks afterward. Interested parties may use the number 412-317-0088 (toll-free for North America: 1-855-669-9658) and enter access code 7473412#.
Service Revenue Growth Expectations for 2024
Looking ahead, Rogers anticipates an annual growth in consolidated service revenue just above 7% for the entire 2024, which is a slight adjustment from the initially set guidance range of 8%-10% provided earlier in the year. This revision is largely attributed to a decrease in media revenue during the fourth quarter. The company assures that all other guidance parameters will remain unchanged.
Management Insights on Revenue Targets
Tony Staffieri, the President and Chief Executive Officer of Rogers, commented on the situation, stating, "The media revenue in the fourth quarter did not meet our expectations, impacting our overall revenue target. Nonetheless, our team executed exceptionally well throughout the year, and I am eager to discuss the details during our teleconference for the fourth quarter.”
About Rogers Communications
Rogers Communications stands as a leader in Canada's communications and entertainment sector. The company’s shares are actively traded on the Toronto Stock Exchange and the New York Stock Exchange. For additional information regarding their offerings and stock performance, individuals are encouraged to visit Rogers Online.
Contact Information
For inquiries regarding investments, please reach out to the Investor Relations team at 1-844-801-4792 or email investor.relations@rci.rogers.com.
Frequently Asked Questions
When will Rogers Communications announce its 4Q24 financial results?
The financial results will be announced on January 30, 2025, before North American markets open.
How can I participate in the teleconference?
You can join the teleconference by dialing 416-639-5883 or 1-844-282-4459 toll-free in North America.
Will the teleconference be available for listening afterward?
Yes, an archive of the call will be available on their investor relations website following the event.
What is the expected service revenue growth for 2024?
Rogers expects a growth rate of just over 7%, adjusted from a previous estimate of 8%-10%.
Who can I contact for investor relations questions?
You can reach the Investor Relations team at 1-844-801-4792 or through their email at investor.relations@rci.rogers.com.
