AcquisitionsJul 22, 2026, 07:02 AM
Rogers to Acquire Remaining 25% MLSE Stake for $4.35B; Q2 Revenue +8%
AI Summary
Rogers Communications announced strong second-quarter 2026 results, with total service revenue up 8% to $5.1 billion and adjusted EBITDA up 3% to $2.4 billion. The company also revealed an agreement to acquire the remaining 25% minority stake in Maple Leaf Sports & Entertainment (MLSE) for $4.35 billion, aiming to fully own MLSE. Following this, Rogers plans to sell a minority interest in its consolidated sports, media, and entertainment assets to unlock significant value. The company reaffirmed its full-year 2026 financial outlook.
Key Highlights
- Rogers to acquire remaining 25% MLSE stake for $4.35 billion, closing Q4 2026.
- Plans to sell minority interest in consolidated sports/media assets post-MLSE acquisition.
- Q2 2026 total service revenue increased 8% to $5.055 billion.
- Q2 2026 adjusted EBITDA rose 3% to $2.442 billion.
- Free cash flow grew 6% to $982 million in Q2 2026.
- Wireless adjusted EBITDA up 1%; Cable adjusted EBITDA up 1%.
- Media revenue surged 53% to $1.155 billion, adjusted EBITDA up $61 million.
- Reaffirmed 2026 outlook: service revenue growth 3-5%, adjusted EBITDA growth 1-3%.
Price Impact
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