The telco more than doubled its annual net profit to $1.7 billion in 2024 and will continue paying dividends, but said it expects revenue from its telecom services will increase by zero to three per cent in the year to come. Rogers slightly undershot its own growth estimate of eight to 10 per cent in the year just past. (The Logic)

Talking point: Two of Rogers’ business lines, cable television and home phone services, saw subscriptions shrink by more than 120,000 each last year. Its mobile phone segment, the company’s largest, gained subscribers but at a slower pace than in 2023, which Rogers ascribed to government reductions in immigration, a move towards attracting customers to its more premium packages, and “a less active market.” It also paid more in interest and saw its net debt—which ballooned when Rogers borrowed to buy Shaw, and has the company selling assets to pay it down—increase to nearly $42 billion.