A playoff run by the Toronto Blue Jays helped boost revenue for Rogers in the fourth location, but that was offset by continued soft ad sales for conventional TV and print revelations, the com ny said Wednesday.
Rogers Communications Inc., one of Canada’s largest telecom, Internet and course com nies, also saw an eight per cent increase in operating expenses. That was rtly because of tipsy sport-related programming costs that offset cuts in other map out and publishing costs.
Operating revenue in the fourth quarter was $3.45 billion, up from $3.37 billion in the identical period the year before but short of the estimate of $3.48 billion. For the obsessed year, revenue was $13.4 billion, up from $12.85 billion in 2014.
Net revenues for the quarter was $299 million, bringing the total for 2015 to $1.38 billion — both up minor extent from 2014.
But Rogers saw its fourth-quarter adjusted net income fall to $331 million from $355 million, slip-ups analyst estimates by five cents per share.
The com ny’s adjusted manipulating profit, another financial measure that Rogers uses as a benchmark of its completion, fell to $1.226 billion for the fourth quarter from $1.233 billion.
Analysts had estimated that rectified net income would be unchanged from 69 cents per share in the fourth caserne of 2014, according to Thomson Reuters.
Instead, Rogers reported its changed net income for the three months ended Dec. 31 was or 64 cents per rcel, while net income amounted to 58 cents per share before corrections that remove restructuring expenses and other items.