BCE reports fourth quarter and full-year 2021 results

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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