Rogers Communications posted higher earnings and revenue during the second quarter, despite a year-over-year fall in TV subscribers.
Net income at Canada’s largest mobile phone and cable provider rose 29% to $532 million, up from $413 million a year earlier, while overall revenue increased 3% to $3.2 billion.
During the second quarter, cable revenue rose 3% to $870 million, against a year-earlier $843 million, with TV revenue falling 4% to $457 million being offset by rising phone and Internet revenue.
Rogers said its TV subscriber base fell by 61,000 to 2.19 million customers.
And media revenue rose 7% to $470 million, from $440 million in 2012.
That rise came from higher distribution revenue from the Sportsnet properties, as well as higher sales at the Shopping Channel.
“During the second quarter, we delivered both revenue and earnings growth while successfully leveraging our superior networks to deliver strong data growth across both our broadband cable and wireless platforms,” said Rogers president and CEO Nadir Mohamed in a statement.
“At the same time, we also drove further margin expansion at our wireless, cable and business solutions divisions and continued to make significant investments in our networks and service infrastructure,” he added.