10:05 AM EST, 01/03/2025 (MT Newswires) -- Rogers Communications (RCI-B.TO, RCI-A.TO) was moving higher Friday even after saying it expects annual consolidated service revenue growth of just over 7% for the full year 2024, below its guidance range of 8%-10% issued last February.

In a statement it said the decline is driven by weakness in media revenue during the fourth quarter. All other guidance items remain unchanged, the statement added.

"Media revenue in the fourth quarter was softer than expected affecting our revenue target for the year," said Tony Staffieri, President and CEO. "Overall, we continued with industry-leading execution throughout the year and look forward to sharing the details during our fourth quarter call."

The company plans to release its fourth quarter financial results and outlook for 2025 on Thursday, Jan. 30, before markets open.

Rogers was last seen up $0.24, to $44.01, on the Toronto Stock Exchange.

Price: 44.09, Change: +0.32, Percent Change: +0.73