Rogers Communications Inc. reported first-quarter 2025 net income of C$195 million, with a profit of C$0.35 per share. This figure missed analyst expectations for earnings per share.
The company also posted lower-than-expected quarterly subscriber additions, with 11,000 monthly bill-paying wireless phone subscribers added, compared to Visible Alpha analysts' expectation of 17,390 additions. This shortfall was attributed to strict immigration practices and changes in Canada's immigration policy, which impacted demand from newcomers.
The moderating market growth, particularly in the wireless sector due to lower immigration and a reduction in the 'new to Canada' category, presents a headwind for subscriber additions. This demographic shift intensifies competition and impacts the company's ability to expand its customer base as rapidly as anticipated.
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