Rogers earned $4 billion in profits in 2009
Rogers Communications Inc. today announced its consolidated financial and operating results for the company’s final quarter of 2009.
For 2009, Rogers reported overall operating revenues rose 3% from 2008 to $11.34 billion while operating profits rose 6% to $4.01 billion.
“2009 was a solid year for Rogers, we returned increasing amounts of cash to shareholders and we delivered on our commitments” said Nadir Mohamed, President and Chief Executive Officer, Rogers Communications Inc.
Fourth Quarter Results
For the fourth quarter, operating revenue rose 4% from the same quarter a year earlier to $3.06 billion while operating profit rose 16% to $1.05 billion.
Wireless
The wireless division, which constitutes more than 56% of Rogers revenues saw network revenue grow by 5% to $1.73 billion in the fourth quarter driven by postpaid net subscriber additions of 109,000 and data revenue growth which climbed 45%.
Wireless data revenue now comprises 24% of Wireless network revenue and was helped by the activation of approximately 400,000 additional smartphone devices during the quarter, predominantly iPhone, BlackBerry and Android devices.
Subscribers with smartphones now represent 31% of the overall postpaid subscriber base, up from 19% from the same quarter last year, and generate ARPU nearly twice that of voice only subscribers.
Average revenue per user or ARPU for the final quarter year was $73.42 for postpaid customers (down from $74.83 a year earlier) while ARPU for prepaid customers was $16.39 up forty eight cents from a year earlier.
Cable and Media
Cable operations (includes Rogers Business Solutions and Rogers retail operations) which account for about a third of revenues, posted revenue growth of 3% to $1.02 billion for the quarter, thanks to steady increases in the number of digital phone, digital cable, HDTV and High speed internet customers. At Rogers media operations, which accounts for about 11% of all revenues, fourth quarter revenues were essentially flat during the quarter at $393 million, however, profits jumped 13% to 52 million.
The following are Rogers’s cable, internet and telephony subscriber counts as of December 31, 2009. (Numbers in parentheses were previously reported subscriber counts for Dec 31st, 2008).
Wireless
- Wireless PostPaid – 6,979,000 (6,451,000)
- Wireless PrePaid – 1,515,000 (1,491,000)
- Total Wireless – 8,494,000 (7,942,000)
Cable
- Homes Passed – 3,635,000 (3,547,000)
- Basic cable – 2,292,000 (2,320,000)
- Digital Cable – 1,664,000 (1,550,000)
- High Speed Internet – 1,619,000 (1,582,000)
- Digital phone lines – 937,000 (840,000)
- Circuit-switched subscriber lines – 124,000 (215,000)
- Total Landline phones – 1,061,000 (1,055,000)
Discuss the results in Digital Home’s Rogers Digital Cable forum.
It is sickening how the Canadian Govt let this company use the Canadian consumers
Sickening. Exactly. They’re robber barons.