Canadian Telecom Stocks Surge 6% Fueled by World Series

Rogers Communications Inc. (RCI) jumped 6.28% to close at $38.57 on the New York Stock Exchange on January 29.
In a single day, its market capitalization rose by about $1.1 billion (KRW 1.4 trillion), bringing the total to roughly $16.5 billion (KRW 21.5 trillion).

That day, the company released its fourth-quarter 2025 results, reporting a 16% year-over-year increase in total service revenue and a 6% rise in adjusted EBITDA, driven by strong performances in its wireless, cable, and sports and media segments.

Media revenue saw a significant boost from the Toronto Blue Jays’ extended run in the World Series and the inclusion of the Maple Leafs and Raptors under Maple Leaf Sports & Entertainment (MLSE). For 2026, Rogers issued guidance calling for continued service revenue growth and expanded cash flow through more efficient capital investment.

As one of Canada’s “Big Three” telecom providers, Rogers offers mobile services, high-speed internet, and cable TV, and holds a 75% stake in MLSE, which owns the Sportsnet channels as well as the Toronto Blue Jays, Maple Leafs, and Raptors. Following its transformative 2023 acquisition of Shaw Communications—which established a nationwide fixed-line and wireless network—Rogers has leveraged substantial network investments and sports content monetization to become a leading example of economies of scale in the Canadian telecom and media market.