Rogers Communications Revises 2024 Revenue Outlook: Media Weakness Takes A Toll

Benzinga01-03

Rogers Communication, Inc. (NYSE:RCI) shares are trading relatively flat on Friday. The company is set to release these details on Thursday, January 30, 2025, before the markets open. For the full ...

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(NYSE:RCI) shares are trading relatively flat on Friday.\nThe company is set to release these details on Thursday, January 30, 2025, before the markets open.\nFor the full ...</p>\n\n<a href=\"https://finance.yahoo.com/news/rogers-communications-revises-2024-revenue-135932479.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rogers Communications Revises 2024 Revenue Outlook: Media Weakness Takes A Toll</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRogers Communications Revises 2024 Revenue Outlook: Media Weakness Takes A Toll\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-03 21:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/rogers-communications-revises-2024-revenue-135932479.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rogers Communication, Inc. (NYSE:RCI) shares are trading relatively flat on Friday.\nThe company is set to release these details on Thursday, January 30, 2025, before the markets open.\nFor the full ...</p>\n\n<a href=\"https://finance.yahoo.com/news/rogers-communications-revises-2024-revenue-135932479.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RCI","symbol_name":"罗杰斯通信","start_time":0,"source_url":"https://finance.yahoo.com/news/rogers-communications-revises-2024-revenue-135932479.html","article_id":"2500119180","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2500119180","pubTimestamp":1735912772,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Rogers Communication, Inc.  shares are trading relatively flat on Friday.The company is set to release these details on Thursday, January 30, 2025, before the markets open.For the full year 2024, Rogers now expects annual consolidated service revenue growth just over 7%, compared to its guidance range of 8% – 10% issued in February of 2024, driven by weakness in media revenue during the fourth quarter. All other guidance items remain unchanged.Tony Staffieri, President and CEO of Rogers, acknowledged the softness in media revenue for the fourth quarter but emphasized the company’s strong performance throughout the year.Also Read: Tesla Hits Record EV Sales In China Despite Global Dip: Report. “Media revenue in the fourth quarter was softer than expected affecting our revenue target for the year,” said Tony Staffieri, President and Chief Executive Officer,Rogers.In the third quarter, Rogers reported adjusted earnings per share of $1.04, beating analyst estimates of $0.98. Quarterly sale","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"RCI":"罗杰斯通信"},"translate_title":"罗杰斯通讯修正2024年收入展望：媒体疲软造成损失","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RCI":0.9},"content_text":"Rogers Communication, Inc. (NYSE:RCI) shares are trading relatively flat on Friday.\nThe company is set to release these details on Thursday, January 30, 2025, before the markets open.\nFor the full year 2024, Rogers now expects annual consolidated service revenue growth just over 7%, compared to its guidance range of 8% – 10% issued in February of 2024, driven by weakness in media revenue during the fourth quarter. All other guidance items remain unchanged.\nTony Staffieri, President and CEO of Rogers, acknowledged the softness in media revenue for the fourth quarter but emphasized the company’s strong performance throughout the year.\nAlso Read: Tesla Hits Record EV Sales In China Despite Global Dip: Report\n“Media revenue in the fourth quarter was softer than expected affecting our revenue target for the year,” said Tony Staffieri, President and Chief Executive Officer, Rogers.\nIn the third quarter, Rogers reported adjusted earnings per share of $1.04, beating analyst estimates of $0.98. Quarterly sales amounted to C$5.129 billion, up 1% from the previous year.\nMedia revenue rose by 11% this quarter, driven mainly by higher sports-related revenue.\nAdditionally, after the quarter, Rogers entered into a non-binding agreement with a global financial investor for a C$7 billion equity investment to fund network expansion. The deal is expected to close in the fourth quarter, pending the finalization of contracts.\nPrice Action: RCI shares are trading higher by 0.16% to $30.43 premarket at last check Friday.\nAlso Read: \n\nTesla’s Energy Storage Deployments Hit New Highs In Q4 Even As Vehicle Deliveries Disappoint\n\nUNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.\nGet the latest stock analysis from Benzinga?\n\nThis article Rogers Communications Revises 2024 Revenue Outlook: Media Weakness Takes A Toll originally appeared on Benzinga.com\n© 2025 Benzinga.com. Benzinga does not provide investment advice. 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