Telecom firm BCE's Q2 revenue rises 1.3%

BCE

07/08/2025 11:44

Overview

BCE Q2 2025 revenue up 1.3% to $6.085 bln, adjusted EBITDA down 0.9%

Net earnings rose 6.6% to $644 mln, adjusted EPS fell 19.2% to $0.63

Co completed Ziply Fiber acquisition, enhancing North American fiber strategy

Outlook

BCE sees 2025 revenue growth between 0% and 2%

Company expects adjusted EBITDA growth of 0% to 2% in 2025

BCE anticipates 2025 adjusted EPS decline of 13% to 10%

Company projects free cash flow growth of 6% to 11% for 2025

Result Drivers

WIRELESS IMPROVEMENT - BCE reports first year-over-year improvement in mobile phone postpaid churn since Q3 2022, attributed to customer service enhancements

BELL MEDIA GROWTH - Bell Media's revenue and adjusted EBITDA rose, driven by digital platforms and advertising technology

BELL BUSINESS MARKETS - Revenue growth supported by Ateko managed services, cybersecurity, and Bell AI Fabric

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$6.08 bln
Q2 Adjusted EPS
$0.63
Q2 EPS
$0.63
Q2 Adjusted Net Income
$592 mln
Q2 Net Income
$644 mln
Q2 Adjusted EBITDA
$2.67 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 9 "hold" and 5 "sell" or "strong sell"

The average consensus recommendation for the integrated telecommunications services peer group is "buy."

Wall Street's median 12-month price target for BCE Inc is C$33.00, about 3% above its August 6 closing price of C$32.00

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nPn3RxfVva

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)