October 24, 2025
Jays Surge Lifts Rogers, Sports Assets Matter
Blue Jays mania inflated Rogers Media top line, the value unlock comes from MLSE consolidation and the sports portfolio. The quarter shows both forces at work. Media revenue jumped 26 percent to C$753 million, lifting total revenue 4 percent to C$5.35 billion, while adjusted EPS slipped to C$1.37 and adjusted EBITDA dipped 1 percent. Wireless held margins at 67 percent with postpaid churn at 0.99 percent, but service revenue was flat in a competitive market. The company also posted C$5.8 billion in net income on a one‑time MLSE step‑up gain, not cash. Quantify The Bump The Jays drove higher attendance




