The Rogers Logo is photographed in Toronto office on Monday, Sept. 30, 2019. THE CANADIAN PRESS/ Tijana Martin

Rogers posts Q2 loss as it takes charge related to MLSE deal

Jul 22, 2026 | 6:15 AM

TORONTO — Rogers Communications Inc. reported a loss for its second quarter as it took a $1.03-billion non-cash charge related to its move to buy the minority stake in Maple Leaf Sports and Entertainment it does not already own.

The company said the net loss attributable to shareholders amounted to $726 million or $1.37 per diluted share for the quarter ended June 30.

The result compared with a profit of $157 million or 29 cents per diluted share in the same quarter last year.

Rogers announced a deal earlier this month to buy the remaining 25 per cent stake in MLSE it does not already own from Kilmer Sports Inc. for $4.35 billion.

“We’re excited to bring together Canada’s premier communications company with one of the world’s premier sports and entertainment organizations and unlock long-term value for our shareholders,” Rogers president and CEO Tony Staffieri said in a news release.

On an adjusted basis, Rogers said it earned $1.15 per diluted share in its latest quarter, up from an adjusted profit of $1.14 per diluted share a year earlier.

Revenue totalled $5.62 billion, up from $5.22 billion in the same quarter last year.

The results came as the company reported 40,000 total mobile phone net subscriber additions, including 22,000 postpaid — those who pay a monthly bill for their wireless services after charges have accumulated. That was down from 35,000 postpaid additions in the same quarter last year.

Rogers’ monthly churn — a measure of those who cancelled their service — for net postpaid mobile subscribers was 0.94 per cent, an improvement from one per cent during its previous second quarter.

Rogers’ mobile phone average monthly revenue per user was $54.25, down from $55.45 in the second quarter of the prior year.

Retail internet net additions totalled 17,000, down from 26,000 a year earlier.

This report by The Canadian Press was first published July 22, 2026.

Companies in this story: (TSX:RCI.B)

Sammy Hudes, The Canadian Press