Covid crisis takes a bite out of Rogers (updated)

However, people are starting to return to stores and advertisers are coming back TORONTO — Rogers Communications this morning reported second quarter 2020 results which reflected a full-quarter impact of the Covid-19 economic shutdown. (Expect Bell Canada, Telus and Quebecor to report similar impacts when they file Q2 results in the coming days.) RCI’s revenue was impacted by the pandemic across the board, decreasing overall by 17% to $3.2 billion in Q2 2020, ended June 30, compared to the second quarter of 2019. The revenue decline was largely driven by 13% and 17% decreases in wireless service and equipment revenue,...