RCI.B, CA7751092007

Rogers completes MLSE deal. Rogers Communications stock sits 22.91 percent below its high

Published on 10/07/2026 at 00:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter service revenue rose 8.00 percent to CAD 5.1 billion. Rogers Communications stock sat in a CAD 34.19 to CAD 56.27 range.

RCI.B, CA7751092007, Illustration mit AI erstellt.

Rogers Communications (CA7751092007) completed the acquisition of the remaining 25.00 percent of Maple Leaf Sports & Entertainment for CAD 4.35 billion on October 1, 2026, while Rogers Communications stock was last at CAD 43.38 on October 6, 2026, or 22.91 percent below its CAD 56.27 52-week high. The deal changes the company’s sports and media structure as much as it changes ownership.

MLSE becomes a full Rogers asset

According to FinanzNachrichten on October 1, 2026, Rogers increased its MLSE ownership to 100.00 percent after buying Kilmer Sports' remaining stake. MLSE includes the Toronto Maple Leafs, Toronto Raptors, Toronto FC, Toronto Argonauts and Scotiabank Arena. Rogers is creating a Rogers Sports unit to combine MLSE with its existing sports, media and entertainment assets.

The strategic payoff depends on monetization rather than ownership alone. Rogers said the combined business is intended to support a future minority interest sale, with proceeds directed toward debt reduction, while Keith Pelley remains president and CEO of MLSE during the transition.

Q2 growth meets lower spending

Yahoo Finance reported that, in the second quarter of 2026, consolidated service revenue rose 8.00 percent to CAD 5.1 billion and adjusted EBITDA increased 3.00 percent to CAD 2.4 billion. Free cash flow reached CAD 1.0 billion, up 6.00 percent year over year, while capital expenditures fell 16.00 percent.

Rogers also reaffirmed 2026 capital expenditure guidance of CAD 2.5 billion to CAD 2.7 billion. That combination gives the MLSE transaction a measurable financial counterweight: the company is adding sports assets while reducing the capital intensity of its communications operations.

October 23 sets the next checkpoint

Rogers' investor-relations page lists October 23, 2026, at 8:00 a.m. ET for the third-quarter 2026 results conference call. The next report should show whether the lower spending plan is translating into sustained free cash flow while the company integrates MLSE into Rogers Sports.

Stock remains below its yearly high

On the Toronto Stock Exchange, Rogers Communications was last at CAD 43.38 on October 6, 2026, at 4:00 p.m. ET, versus a 52-week range of CAD 34.19 to CAD 56.27. The market capitalization was CAD 23.4 billion on the same date, leaving the stock 22.91 percent below its yearly high. The further course of trading is shown by the continuously updated real-time quote of Rogers Communications stock.