Communication Services stocks are under severe pressure: The Communication Services ETF, $XLC, underperformed the S&P 500 by -6.3 percentage points over 5 trading days ending October 27th, its largest 5-day underperformance since November 2022. This also marks its 3rd-biggest 5-day relative decline in 19 years. This comes as $XLC has fallen in 8 of the last 9 sessions, losing a total of -8.3%, and is trading at its lowest level since June 2025. Communication services stocks are now heading for their 3rd consecutive weekly decline. As a result, $XLC is down -11.6% year-to-date, putting it on track for its first annual drop since 2022. The Communication Services sector has become extremely oversold.

'Communication about Pope Leo's health has shown a kind of level of unusual transparency for the Vatican,' says Joshua McElwee, as the pontiff recovers from a surgery that removed a cancerous lung nodule and one lobe of his lower right lung

Communications company Viasat has now lost 81% of its fixed broadband subscribers since SpaceX started offering @Starlink services to the public in 2020. Viasat now has 115,000 subscribers in the US – a decrease from 603,000 reported in Sept 2020. In Q2 2026 alone, they lost another 15,000 subs. Viasat plans to start serving users from its next-generation F2 satellite next month, which they say is able to deliver 100+ Mbps download speed, but latency is still expected to be 10-20x worse than Starlink's satellites.

The communications office of Iran's exiled Crown Prince Reza Pahlavi warned Monday that Matin Shabani, a young Iranian arrested during January's nationwide protests, faces imminent execution at Vakilabad Prison in Mashhad. In a post on X, the office said Shabani had been sentenced to death by an Islamic Republic court on fabricated charges. Pahlavi's office urged the public to speak out for Shabani and prevent the Islamic Republic from taking another innocent life in silence.

Open communication is part of what keeps LE SSERAFIM so strong. ❤️ Catch up with the group in the latest episode of Takes Us Out as they chat tour life, songwriting & more over a round of Korean BBQ.

ROGERS COMMUNICATIONS $RCI Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: C$5.44B (Est. C$5.38B) 🟢; +2% YoY 🔹 Adj. EPS: C$1.29 (Est. C$1.22) 🟢; -6% YoY 🔹 Adj. EBITDA: C$2.54B (Est. C$2.53B) 🟢; +1% YoY 🔹 Free Cash Flow: C$1.37B; +65% YoY 🔹 CapEx: C$524M; -46% YoY Affirms FY26 Guide: 🔹 Service Revenue Growth: 2026 outlook 🔹 Adj. EBITDA Growth: 2026 outlook 🔹 CapEx: 2026 outlook 🔹 FCF: 2026 outlook Segment Revenue: 🔹 Wireless: C$2.69B; +1% YoY 🔹 Cable: C$1.99B; flat YoY 🔹 Media: C$821M; +9% YoY Segment Adj. EBITDA: 🔹 Wireless: C$1.38B; +1% YoY 🔹 Cable: C$1.16B; +1% YoY 🔹 Media: C$84M; +12% YoY Announcements: 🔹 MLSE: Minority interest acquisition completed on October 1 🔹 Rogers Sports: Pursuing sale of a minority interest by the first half of 2027 Other Q3 Metrics: 🔹 Service Revenue: C$4.78B; +1% YoY 🔹 Adj. EBITDA Margin: 46.6% 🔹 GAAP EPS: C$0.88 🔹 Capital Intensity: 9.6% 🔹 Postpaid Phone Net Adds: 6 🔹 Postpaid Phone Churn: 1.03% 🔹 Mobile Phone ARPU: C$55.22 🔹 Retail Internet Net Adds: 10 Key Updates: 🔹 Net income attributable to RCI shareholders: C$482M 🔹 Restructuring, acquisition and other: C$104M 🔹 Change in fair value of subsidiary equity derivative instruments: C$38M 🔹 Depreciation and amortization on fair value increment of Shaw Transaction-related assets: C$173M 🔹 Gain on disposition of assets: -C$67M 🔹 Revaluation of subsidiary US dollar-denominated balances: C$19M 🔹 Income tax impact of above items: -C$45M 🔹 Adjusted net income attributable to RCI shareholders: C$704M 🔹 Completed MLSE minority interest acquisition for C$4.35B in cash 🔹 Returned C$270M in dividends; declared a C$0.50/share dividend Comments: 🔸 “Our third quarter results demonstrate strong financial discipline, with margin expansion in Cable and Wireless, record free cash flow, and further deleveraging despite lower market activity”