Rogers Communications sees FY24 total service revenue growth just over 7%

TipRanks01-04 20:05

For the full year 2024, Rogers 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...

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All other guidance items remain unchanged. “Media revenue in the fourth quarter was softer than expected affecting our revenue target for the year,” said Tony Staffieri, President and CEO. “Overall, we continued with industry-leading execution throughout the year and look forward to sharing the details during our fourth quarter call.”Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks. Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. Rogers Communications price target lowered to C$54 from C$62 at National Bank. Highly-Anticipated 2025 Dividend Cut May Finally Place A Floor On BCE Stock. Rogers sued by Canadian Competition Bureau over unlimited data claims. 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Try Now>>\n\n\nSee Insiders’ Hot Stocks on TipRanks >> \n\n\nRead More on RCI:\n\nRogers Communications price target lowered to C$54 from C$62 at National Bank\nRogers Communications Unveils New Business Conduct Policy\nHighly-Anticipated 2025 Dividend Cut May Finally Place A Floor On BCE Stock\nRogers sued by Canadian Competition Bureau over unlimited data claims\nRogers Communications downgraded to Underweight at Morgan Stanley","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2500480376"}