Strong execution in Wireless, Cable, and Media deliver solid operational improvements despite continued pandemic lockdown environment
Expanded Wireless adjusted EBITDA service margin by 310 basis points; strong Wireless postpaid net subscriber additions of 44,000
Monthly postpaid churn of 0.88%, improved 5 basis points
Service revenue down 6% and adjusted EBITDA down 1%
Increased Cable service revenue by 5%; grew adjusted EBITDA by 8%
Adjusted EBITDA margin up 110 basis points; capital intensity at 21%
Grew Media revenue by 7%, adjusted EBITDA improved by 31%, reflecting the return of live professional sports broadcasting
Continued expanding wireless service to more rural and underserved communities and providing 5G services to 173 communities across the country
TORONTO, April 21, 2021 (GLOBE NEWSWIRE) Rogers Communications Inc. today announced its unaudited financial and operating results for the first quarter ended March 31, 2021.
Rogers Communications Inc (RCI) Q1 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Operator
Thank you for standing by. This is the conference operator. Welcome to the Rogers Communications Inc. Fourth Quarter and Full Year 2020 Results Conference Call.
[Operator Instructions] Following the presentation, we will conduct a question-and-answer session. [Operator Instructions] I would now like to turn the conference over to Paul Carpino, Vice President of Investor Relations with Rogers Communications. Please go ahead.
Paul Carpino
Vice President of Investor Relations
Hi. Thanks, Arielle. Good morning, everyone and thank you for joining us. Today, I m here with our President and Chief Executive Officer, Joe Natale; and our Chief Financial Officer, Tony Staffieri.