BCE Inc Stock Price, News & Analysis

BCE (TSX: BCE, NYSE: BCE) reported Q3 2025 results on Nov 6, 2025: operating revenues $6,049M (+1.3%), net earnings $4,555M (vs a loss prior year), adjusted net earnings $733M (+6.5%), adjusted EBITDA $2,762M (+1.5%) and adjusted EPS $0.79 (+5.3%).

Free cash flow rose 20.6% to $1,003M. Q3 included the Aug 1, 2025 acquisition of Ziply Fiber, which added $160M revenue, $71M adjusted EBITDA and 442,225 retail high-speed Internet subscribers. Capital expenditures were $891M (-6.6%), with capital intensity at 14.7%. Bell highlighted progress on fibre, wireless, AI enterprise and streaming (Crave 4.3M subs) and plans a three-year plan to drive sustainable free cash flow growth.

BCE (TSX: BCE) announced that Gordon Nixon will step down as Chair and not seek re-election at the Annual General Shareholder Meeting on May 7, 2026 upon completing his 12-year Board term.

The Board plans to nominate Director Louis Vachon as Chair, contingent on his re-election. Vachon joined the Board in 2022 and serves on the Management Resources and Compensation Committee and the Risk and Pension Fund Committee. Management expressed support for an orderly succession following BCE's three-year growth strategy announced at Investor Day.

BCE (TSX: BCE) unveiled a three-year strategic plan (2025–2028) targeting sustainable free cash flow growth and total shareholder return. Key targets include ~15% CAGR in free cash flow after payment of lease liabilities, $1.5 billion of cost savings by 2028, capital intensity falling to ~14%, and a net debt leverage ratio target of 3.5x by end of 2027 with a path to ~3.0x by 2030. The plan forecasts 2%–4% revenue CAGR and 2%–3% adjusted EBITDA CAGR, ~$5 billion in common dividends over three years, and expanded fibre reach via Network FiberCo and Ziply Fiber.

BCE Inc. (NYSE: BCE) has scheduled its third-quarter 2025 earnings conference call for Thursday, November 6, 2025, at 8:00 am eastern. The call will feature presentations from President and CEO Mirko Bibic and CFO Curtis Millen.

Participants can join via toll-free numbers, and media representatives are invited to listen in. A replay will be available until February 4, 2026, and a live audio webcast will be accessible through BCE's website.

BCE Inc. (NYSE: BCE) announced it will host an Investor Day event in Toronto on October 14, 2025, starting at 8:30 am ET. The event will feature presentations from BCE's senior executive team, focusing on the company's strategic priorities, capital markets strategy, and financial outlook.

Investors can access the event through a live webcast on BCE.ca, with replay and transcript available after the presentation.

BCE Inc. (NYSE: BCE), a leading Canadian telecommunications company, announced that its EVP and Chief Financial Officer, Curtis Millen, will participate in a fireside chat at the 24th Annual CIBC Eastern Institutional Investor Conference. The event is scheduled for Thursday, September 25, 2025 at 8:00 am eastern. Investors can access a live webcast of the presentation through BCE's website.

BCE Inc. (NYSE: BCE) reported Q2 2025 results with consolidated revenue up 1.3% to $6,085 million, while adjusted EBITDA declined 0.9% to $2,674 million. Net earnings increased 6.6% to $644 million, with earnings per share of $0.63.

Key operational highlights include 94,479 mobile phone net subscriber activations and improved postpaid churn of 1.06%. The company completed strategic moves including the $4.7 billion sale of its MLSE stake and the acquisition of Ziply Fiber. Bell also launched Bell AI Fabric, creating Canada's largest AI compute capacity project.

Notable challenges include decreased adjusted net earnings (-16.9%), lower service revenue (-0.8%), and reduced capital expenditure (-22.0%) due to slower FTTP expansion following regulatory decisions. The company's adjusted EBITDA margin declined to 43.9% from 44.9% year-over-year.

BCE (NYSE:BCE) has completed its acquisition of Ziply Fiber for C$5.0 billion (U.S. $3.65 billion) in cash, plus assuming C$2.6 billion in net debt. The strategic acquisition expands BCE's fiber footprint into the U.S. Pacific Northwest, adding 1.4 million locations to its network.

Through a strategic partnership with PSP Investments to create Network FiberCo, BCE aims to potentially reach up to 8 million fiber locations in the U.S., solidifying its position as North America's third-largest fiber Internet provider. The acquisition was funded through proceeds from BCE's sale of its MLSE minority stake completed on July 1, 2025.

Ziply Fiber will maintain its headquarters in Kirkland, Washington, operating as a separate business unit with its existing management team. BCE will update its 2025 financial guidance to reflect this acquisition when reporting Q2 2025 results on August 7.

BCE Inc. (NYSE: BCE) has scheduled its second-quarter 2025 earnings conference call for Thursday, August 7, 2025, at 8:00 am eastern. The call will feature presentations from President and CEO Mirko Bibic and CFO Curtis Millen.

Participants can join via toll-free numbers, and a replay will be available until September 7, 2025. The company will also provide a live audio webcast of the conference call on BCE's website.