Source:  BCE Media Releases

• Q4 consolidated adjusted EBITDA¹ growth of 1.1% on 3.0% higher service revenue; reached 99% of pre-COVID 2019 revenue and adjusted EBITDA levels in 2021
• Net earnings of $658 million, down 29.4%, with net earnings attributable to common shareholders of $625 million, or $0.69 per common share down 29.6%; adjusted net earnings¹ of $692 million generated adjusted EPS¹ of $0.76, down 6.2%
• Q4 cash flows from operating activities up 6.9% to $1,743 million, driving higher year-over-year free cash flow¹ of $236 million
• Leading wireless financial results with service revenue growth of 6.3%, 5.3% higher adjusted EBITDA and 3.3% increase in mobile phone blended ARPU² as we welcomed 109,726 new net mobile phone subscriber activations, up 77.8%
• Best annual retail residential net subscriber performance in 10 years; 47,618 total retail Internet net activations, up 7.0%; IPTV net activations increased 38.3% to 29,191
• Bell Media digital revenue³ up 36%, contributing to 7.3% total media revenue growth
• Surpassed upsized 2021 network expansion targets, delivering approximately 1.1 million new direct fibre and Wireless Home Internet (WHI) locations and mobile 5G to more than 70% of Canadians; WHI buildout completed with 1 million households reached one year earlier than plan

 

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