Rogers Reports Q2 Loss on MLSE Non-Cash Charge

Rogers Communications reported 8% year-over-year growth in consolidated service revenue to about $5.055 billion for Q2 2026, with total revenue around $5.6 billion and adjusted EBITDA up 3% to roughly $2.442 billion. The company also delivered a GAAP net loss of $726 million, mainly due to a $1.034 billion non-cash revaluation charge tied to its MLSE deal, while adjusted earnings per diluted share were $1.15. A non-cash MLSE-related charge coincided with Rogers’ plan to acquire the remaining 25% stake in MLSE for $4.35 billion, with the close anticipated in Q4 2026. Free cash flow rose about 6% to $982 million, and operating cash flow came in at about $1.517 billion, down 5% year over year. The firm reiterated guidance of 3–5% growth in total service revenue and 1–3% growth in adjusted EBITDA for 2026, and projected capex of $2.5–$2.7 billion with free cash flow guidance of $4.1–$4.3 billion, while aiming to monetize or divest minority interests in consolidated assets after the MLSE deal closes.