Blue Jays Boost Rogers’ Q2 Revenue
CBJ — The success of the Toronto Blue Jays contributed to a modest increase in overall second-quarter revenue at Rogers Communications, which improved its adjusted earnings more than expected.
The Toronto-based company’s overall revenue was up 2% to $3.46 billion — an increase of $52 million that came mainly from its wireless and media divisions.
Rogers Media revenue rose by $33 million to $615 million as higher contributions from the Blue Jays and Sportsnet specialty TV offset lower advertising revenue from conventional television, publishing and radio operations.
The wireless division remained by far the biggest source of revenue for Rogers, rising 1% or $28 million to $1.931 billion from $1.903 billion, followed by cable, which was $870 million — up $1 million from last year.
Rogers’ net income rose 9% to $394 million, from $363 million last year. Adjusted earnings rose 4% to $427 million from $412 million.