TSX:BCE.PR.A

BCE Inc. (TSX: BCE) (NYSE: BCE) will hold its fourth-quarter 2025 results and 2026 guidance conference call on Thursday, February 5, 2026 at 8:00 am eastern.
BCE Reports Strong Third Quarter 2025 Results Driven by Growth in Wireless, Internet, and U.S. Expansion

BCE Inc. (TSX: BCE; NYSE: BCE) announced solid financial results for the third quarter of 2025, showing continued progress across its core businesses and the successful integration of its recent U.S. acquisition, Ziply Fiber.

The company reported consolidated revenue growth of 1.3%, leading to a 1.5% increase in adjusted EBITDA. Net earnings rose to 4.56 billion Canadian dollars, an increase of 5.75 billion dollars from the previous year, with net earnings attributable to common shareholders reaching 4.50 billion dollars, or 4.84 dollars per share. Adjusted EPS grew 5.3% to 0.79 dollars. Free cash flow rose 20.6% to 1.00 billion dollars, and operating cash flow increased 3.9% to 1.91 billion dollars.

BCE’s wireless segment continued to perform well, with postpaid churn falling to 1.13%, marking a second consecutive quarter of improvement. Internet growth remained strong with 26,111 new retail high-speed net activations, supporting an 11.2% year-over-year rise in Internet revenue. The company also reported 4.3 million Crave streaming subscribers as of early October 2025, fueled by direct-to-consumer demand.

The newly acquired Ziply Fiber, consolidated under the Bell CTS U.S. segment as of August 1, contributed 160 million dollars in operating revenue and 71 million dollars in adjusted EBITDA, achieving a margin of 44.4%.

President and CEO Mirko Bibic highlighted BCE’s ongoing focus on four strategic pillars: customer experience, network leadership, AI-driven enterprise solutions, and digital media growth. He reaffirmed the company’s three-year strategic plan announced at the October 14 Investor Day, emphasizing disciplined capital allocation and sustained growth in a changing market environment.

Bibic concluded, “Bell’s purpose is to advance how people connect to each other and the world. As we approach the end of 2025, we remain focused on disciplined execution and creating value for our customers and investors.”