#Canada #Montreal #BCE #Bell Canada #Crave

BCE Reports Strong Q4 2025 and Full-Year Financial Results

On February 5, 2026, BCE Inc. (BCE) announced its financial outcomes for the fourth quarter and the overall year of 2025, revealing impressive growth across various sectors. The company reported a consolidated adjusted EBITDA growth of 2.3% for Q4, achieving the highest margin for this quarter in over 30 years. The financial targets for 2026 were also unveiled, emphasizing the company’s commitment to sustainable growth and innovation.

Financial Highlights

BCE achieved significant milestones in Q4 2025, reporting a net income of $632 million, reflecting a remarkable 25.1% increase from the previous year. Adjusted net earnings amounted to $643 million, leading to an adjusted earnings per share (EPS) of $0.69. Notably, BCE also saw a substantial rise in its wireless operating momentum, with postpaid subscribers growing by 56,124 activating in Q4. The postpaid churn rate decreased further to 1.49%, marking the third consecutive quarterly improvement.

Revenue from Bell's internet services thrived as well, with retail fibre Internet subscriber activations reaching 49,168. This contributed to a robust Internet revenue growth of 16.6%.

The company’s focus on deploying AI solutions bore fruit, as revenue from AI-powered services surged by 31%, showcasing BCE’s ambition to lead in enterprise AI solutions. Notably, Crave subscriptions also saw a 26% increase to 4.6 million in Q4, partly due to reaching an all-time high in viewer hours streamed.

Strategic Priorities

BCE's strategic roadmap emphasizes four crucial areas: prioritizing customer satisfaction, advancing both fibre and wireless networks, spearheading enterprise solutions powered by AI, and establishing a leading digital media and content platform.

As part of this strategy, BCE launched a new hardware-free Fibe TV, enabling seamless streaming without set-top boxes in Ontario and Québec. Furthermore, a partnership with Ziply Fiber enhanced BCE’s network capabilities and expanded service offerings, strengthening its position in the broadband market.

Market Recognition

Bell Pure Fibre maintained its title as Canada’s Fastest Internet for six consecutive reporting periods, as recognized by Ookla’s Speedtest awards. Meanwhile, Bell's 5G network was rated as having the fastest and best-in-class services, underscoring BCE's commitment to network excellence.

2026 Financial Targets

For the upcoming year, BCE outlined its financial guidance, expecting revenue growth between 1% and 5% and adjusted EBITDA growth of up to 4%. The capital intensity ratio is anticipated to decrease, reflecting improved operational efficiencies and ongoing investments in infrastructure. Adjusted EPS growth is projected between a decline of 11% to a decrease of 5% compared to 2025.

Looking further ahead, BCE is poised to capitalize on opportunities in the broadband and digital media sectors, maintaining a clear trajectory towards financial stability and shareholder returns.

Conclusion

The results from BCE’s 2025 fiscal year demonstrate resilience and a proactive approach to navigating an evolving market landscape. As they set ambitious financial targets for 2026, BCE remains focused on leveraging innovation, optimizing customer experiences, and enhancing their service offerings in a highly competitive sector.