Rogers Communications (RCI) Q3 2022 Earnings Call Transcript

For the period ending September 30, 2022

November 9, 2022 8:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Thank you for standing by. This is the conference operator. Welcome to the Rogers Communications Inc. Third Quarter 2022 Results Conference Call. As a reminder, all participants are in listen-only mode and the conference is being recorded. [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, Mr. Carpino.

Paul Carpino

Thanks, Ariel, and good morning, everyone, and thank you for joining us. Today, I'm here with our President and Chief Executive Officer, Tony Staffieri; and our Chief Financial Officer, Glenn Brandt.

Today's discussion will include estimates and other forward-looking information from which our actual results could differ. Please review the cautionary language in today's earnings report and in our [2021] [ph] annual report regarding the various factors, assumptions and risks that could cause our actual results to differ.

With that, let me turn it over to Tony to begin.

Tony Staffieri

Thank you, Paul. Good morning, everyone. I’m pleased to report that Rogers Q3 results continue to demonstrate strength and consistency in our wireless business and media results that reflect the unique value and quality of our sports and media assets. Additionally, we invested aggressively in our networks and our customers experience to ensure we deliver the resilience and services our customers expect. We’re making excellent progress on our priority to drive better execution in 2022 and I’m proud of what our teams have delivered today.

Let me provide some highlights on our Q3 results and progress across key priorities before turning it over to Glenn for additional detail on the quarter. Before I start, let me note that given the Shaw, Rogers, Quebecor transaction is now in front of the competition tribunal, we will not be taking any questions on the transaction.

We will remain confident in our response to the commissioner and the response of Videotron and Shaw, and greatly appreciate the hard work of the tribunal to bring this to a timely conclusion so that this transformational transaction that will increase competition and choice for consumers can close. When appropriate, we'll provide further updates on the progress.

Turning to our Q3 results. In wireless, Rogers continues to be strong. We're delivering on our commitment to drive better execution and you have been seeing this consistently throughout 2022. By leveraging our extensive distribution network, growth in immigration, and effective base management, Rogers is achieving strong share gains in a growing and competitive Canadian wireless market, and continuing to offer consumers choice.