2024-02-01 11:02:09 ET
Rogers Communications Inc. (RCI)
Q4 2023 Earnings Conference Call
February 01, 2024 08:00 A.M. ET
Company Participants
Paul Carpino - VP, Investor Relations
Tony Staffieri - President and CEO
Glenn Brandt - CFO
Conference Call Participants
Drew McReynolds - RBC Capital Markets
Tim Casey - BMO Capital Markets
Sebastiano Petti - J.P. Morgan
Vince Valentini - TD Securities
Maher Yaghi - Scotiabank
Stephanie Price - CIBC Capital Markets
Jerome Dubreuil - Desjardins Securities
Aravinda Galappatthige - Canaccord Genuity Corp.
Batya Levi - UBS
Simon Flannery - Morgan Stanley
David McFadgen - Cormark Securities
Presentation
Operator
Thank you for standing by. This is the conference operator. Welcome to the Rogers Communications Inc. Fourth Quarter 2023 Results Conference Call. As a remainder, all participants are in a listen-only mode and the conference is being recorded. 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, Mr. Carpino.
Paul Carpino
Thank you, Ariel, and good morning everyone, and thank you for joining us. Today, I am 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 2022 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, and good morning everyone. I'm very pleased to report that Rogers delivered another record quarter. This reflects the eighth consecutive quarter of growth and momentum for our company. As I reflect on the year, we delivered industry leading results, completed an industry leading merger, and drove industry leading innovation, and we returned to number one in virtually all key growth metrics.
Let me start with our full year results. In 2023, we delivered on our commitments. We met our increased financial guidance and grew service revenue by 27% and adjusted EBITDA by 34%. In a very competitive and growing market more Canadians chose Rogers over any other competitor for the second year in a row. In 2023, we attracted 674,000 postpaid mobile phone net editions up an impressive 24%. This was driven by disciplined execution, leading distribution, and attracting new Canadians. Simply put, we've out executed our competition for two straight years. ...
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Rogers Communications Inc. (RCI) Q4 2023 Earnings Call Transcript