BCE Reports Q3 2026 Results: Revenue Growth Driven by Media and Ziply Fiber Amidst Declining Net Earnings
BCE reported third-quarter 2026 operating revenues of $6.18 billion, a 2.2% year-over-year increase fueled by strong performance in Bell Media and the integration of Ziply Fiber. While adjusted EBITDA rose slightly to $2.79 billion, net earnings saw a sharp 84.6% decline compared to the previous year, primarily due to a high prior-year comparison involving the sale of a minority stake in MLSE. The company is heavily investing in future technologies, with capital expenditures rising nearly 50% to $1.33 billion to fund AI data centers and fiber expansions. Despite these investments causing a decline in free cash flow, BCE achieved significant subscriber growth for its Crave streaming service and saw a reduction in postpaid mobile churn to a four-year low.
Tickers: $BCE
Topics: adjusted EBITDA media net earnings operating revenue subscriber growth telecom