RCI · RCI Q2 FY2026 earnings call record财报电话会记录

“In April, we updated our full-year 2026 guidance to reflect stronger free cash flow growth alongside a meaningful reduction in our capital spend.”

“More impressively, organic sports and media revenue, which excludes the impact of MLSE, grew an impressive 13%.”

“Profitability was also strong, with adjusted EBITDA improving CAD 61 million year-over- year.”

“We will invest to deliver unique rewards for our customers.”

“57,000 combined net new mobile phone and retail internet customers added in the quarter, with adjusted wireless and cable margins of 66% and 58% respectively, each up year-over-year.”

“We added 40,000 subscribers in quarter, 22,000 of which were postpaid customers.”

“Our industry-leading 58% cable margin is up 10 basis points over prior year, reflecting continued cost efficiencies and our ongoing emphasis on value for premium services.”

“We anticipate further capital spend reductions in the third and fourth quarters, affirming our earlier 2026 guidance of CAD 2.5 billion-CAD 2.7 billion.”

“As a result, free cash flow in the quarter increased by 6% to CAD 1 billion.”

“Our liquidity remains strong at over CAD 6 billion, and we continue to strengthen our balance sheet with leverage at June 30th of 3.8x, down from 4x at December 31, 2025, with more to come as we complete our sports and media transactions and use our free cash flow to pay down debt.”

“As noted in our press release, we are reaffirming our 2026 outlook ranges associated with total service revenue growth, adjusted EBITDA growth, capital expenditures and free cash flow.”

“We'll be leaning in on all of those different levers to offset not only the potential discounting through the holiday period and what have you, finding other value-added features to retain customers, but also pricing initiatives to help offset the fee impact.”