Rogers has announced their 2012 Q2 earnings this morning. Their numbers beat some analyst expectations and generated $3.106 billion in revenue and $1.276 billion in operating profit, both slight increases compared to the year ago quarter.
As for wireless activations, Rogers noted they activated and upgraded 629,000 smartphone subscribers, one of their highest numbers in any quarter in company history. These smartphones were either an iPhone, Android or BlackBerry and 36% of subscribers were new customers. Just how popular is the iPhone on the Rogers network?
During the six months ended June 30, 2012, we activated and upgraded 30% more iPhones and 13% more smartphones overall than in the same period last year.
Just like the previous quarter, Rogers continues to activate more and more iPhone customers. Expect this number to rise as the much anticipated new iPhone debuts this Fall. The only issue again is whether the company can get enough stock from Apple, a problem that has plagued them in the past.
Wireless data revenue represented approximately 39% of total network revenues, a testament to the proliferation of data hungry devices and our insatiable thirst to stay connected. This growth of wireless data revenue once again offset the 1.9% decline in blended ARPU (average revenue per user), which ended at $59.10 among all subscribers. 87,000 postpaid subscribers were added in the quarter.
“Our revenue and adjusted operating profit growth in the second quarter was highlighted by strong postpaid wireless smartphone sales and customer retention metrics, as well as exceptionally strong margins in both our wireless and cable businesses,” said Nadir Mohamed, President and Chief Executive Officer of Rogers Communications Inc.
Rogers continues to face increased wireless competition though, and has recently announced the lay off of almost 700 jobs since March of this year.