After seeing strong earnings results from Q1 and Q2, Rogers announced its Q3 results and it followed the trend of the previous quarters.
For the three months ending September 30th, Rogers reported total revenues for all its business, including wireless, cable, business solutions and media at $3.581 billion, up three percent over the same period last year. Honing in on specific wireless numbers, Rogers netted $2.138 billion, up 5ive percent from Q3 2016. Wireless revenues now represent 59.7 percent of total revenues of the company.
Rogers notes that the increase in revenues was a direct result of an increase in both “postpaid and prepaid subscriber bases,” and, as usual, higher blended ARPU (average revenue per user), and increased data usage along with “the continued adoption of Rogers Share Everything plans.”
From a subscriber perspective, Rogers now has 8,839,000 postpaid subscribers and 1,786,000 prepaid subscribers. These numbers bring Rogers subscriber numbers to 10,625,000.
Blended ARPU is now $63.78, up $1.48 since Q2 2016. Churn was 1.16%, down 0.10 points year-over-year.
Joe Natale, President and CEO of Rogers, stated “Our third quarter results reflect continued momentum with strong top-line growth and flow-through to adjusted operating profit. Our team delivered on all key operating and financial metrics in our largest segment, Wireless. We significantly grew subscribers, revenue, adjusted operating profit, and margins. We are pleased with our postpaid churn result.”