Canada’s Rogers Communications beats quarterly revenue estimates

Canada’s Rogers Communications Inc on Wednesday reported second-quarter revenue that beat analysts’ estimates, helped by a pick up in advertisement sales and as its cable business benefited from a pandemic-driven shift to remote work and entertainment.

The requirement of high-speed broadband networks to carry on remote work helped the telecom operator negate the slow recovery from its wireless business.

The return of live sport broadcasting also played a positive role in boosting the Toronto-based telecom operator’s revenue.

The company’s total revenue rose to C$3.58 billion ($2.82 billion) in the quarter ended June 30, compared with analysts’ average estimates of C$3.56 billion, according to IBES data from Refinitiv.