Cable & Telecom

Shaw’s Q4 and full-year revenue drop slightly as it eyes Rogers buy

CALGARY — Shaw Communications today released its financial results for its fourth quarter and fiscal year that ended August 31, 2022, reporting a 1.5% year-over-year (y-o-y) decline in quarterly revenue to $1.36 billion and a 1.1% y-o-y decrease in full-year revenue to $5.45 billion. Shaw’s adjusted EBITDA increased by 1.6% to $624 million in Q4 2022 and by 1.4% to $2.53 billion in fiscal 2022, when compared to the same periods of fiscal 2021. Funds flow from operations declined 5.3% to $487 million in the fourth quarter of 2022 and fell 11.4% to $1.99 billion for the full year, compared...