Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeTelecomRogers beats expectations on 53% jump in media, sports revenueRogers earlier this month announced a deal to become sole owner MLSELast updated 24 minutes ago You can save this article by registering for free here. Or sign-in if you have an account.Rogers reported an 8% increase in both total revenue and total service revenue. Photo by Peter J. Thompson/National PostRogers Communications Inc. reported a 53 per cent growth in media revenue driven by its sports assets in the second quarter as the company expects to close its purchase of the remaining stake in Maple Leaf Sports & Entertainment (MLSE) in the fourth quarter.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe mobile phone provider earned $1.15 per share on an adjusted basis in the quarter, exceeding Bloomberg’s $1.12 forecast.The telecommunications company released its earnings results for the quarter ended on June 30, reporting an eight per cent increase in both total revenue and total service revenue as a result of the media revenue growth. Sports and media revenue was $1.2 billion in the quarter, while adjusted EBITDA for sports and media increased by $61 million this quarter.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againRogers earlier this month announced a deal to become sole owner MLSE, paying a premium to Kilmer Sports Inc. for its 25 per cent stake. The transaction allows Rogers to roll its multi-billion-dollar sports and media assets into a single entity.“We’re excited to bring together Canada’s premier communications company with one of the world’s premier sports and entertainment organizations and unlock long-term value for our shareholders,” chief executive Tony Staffieri said in a news release.More to come Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.