Rogers Communications Inc. today announced its consolidated financial and operating results for the company’s fiscal third quarter ended September 30, 2009.
For the first nine months of the year, Rogers reported its overall operating revenues and profits rose 3% from the first nine months of 2009 to $8.67 billion and $3.27 billion respectively.
For the third quarter, operating revenue rose 2% from the same quarter a year earlier to $3.04 billion while operating profit rose 6% to $1.15 billion.
The wireless division, which constitutes more than 55% of Rogers revenues saw network revenue grow by 7% for the first nine months of the year driven by postpaid net subscriber additions of 419,000 and data revenue growth which climbed 42% and now constitutes 23% of network revenue. Network revenue for the July to September timeframe was also up 7%.
Average revenue per user or ARPU for the first nine months of the year was $74.08 for postpaid customers (down from $75.60 in the first nine months of 2008) while ARPU for prepaid cusotmers was $16.84 down seven cents from a year earlier.
A big reasons for the increase was the activation of more than 370,000 smartphones during the quarter, predominately iPhone 3G, BlackBerry and Android devices. Subscribers with smartphones now represent approximately 28% of the overall postpaid subscriber base as at September 30, 2009, compared to 15% in the corresponding period of 2008.
Cable operations which account for more than 25% posted revenue growth of 7% for both the quarter and year to date, thanks to steady increases in the number of digital phone, digital cable, HDTV and High speed internet customers. Of the 3.6 million homes passed by Rogers, 2.3 million have basic cable service, 1.6 million have digital cable, 1.6 million have internet service, and 909,000 have digital phone service.
While wireless and cable divisions saw healthy gains in revenues and subscribers, the Rogers Media operations, which account for about 12% of overall revenues, saw drops in revenues and profits. Adjusted operating profits at Rogers Media fell 34% for the nine months ending September 30 to $63 million, down from $96 million a year earlier.
The following are Rogers’s cable, internet and telephony subscriber counts as of September 30, 2009. (Numbers in parentheses were previously reported subscriber counts for Dec 31st, 2008).
- Wireless PostPaid - 6,869,000(6,451,000)
- Wireless PrePaid - 1,496,000 (1,491,000)
- Total Wireless - 8,365,000 (7,942,000)
- Homes Passed - 3,609,000 (3,547,000)
- Basic cable - 2,292,000 (2,320,000)
- Digital Cable - 1,585,000 (1,550,000)
- High Speed Internet - 1,597,000 (1,582,000)
- Digital phone lines - 909,000 (840,000)
- Circuit-switched subscriber lines - 143,000 (215,000)
- Total Landline phones - 1,052,000 (1,055,000)
- Cable Revenue Generating Units (RGUs) - 6,423,000 (6,292,000)
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