BCE reports third quarter 2021 results

Source : BCE News & Media https://www.bce.ca/news-and-media/releases?page=1&month=&year=&perpage=25

This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled “Caution Regarding Forward-Looking Statements” later in this news release.

  • Net earnings grew 9.9% to $813 million with net earnings attributable to common shareholders increasing 9.4% to $757 million, or $0.83 per common share, up 7.8%; 5.1% higher adjusted net earnings(1) of $748 million generated adjusted EPS(1) of $0.82, up 3.8%
  • 3.6% consolidated service revenue growth drove 4.2% higher adjusted EBITDA(2)
  • 266,919 total wireless mobile phone and mobile connected device, retail Internet and IPTV net subscriber activations increased 10.2%
  • 136,464 mobile phone net subscriber activations(4), up 14.3%; best-ever Q3 postpaid churn rate at 0.93%; quarterly wireless service revenue and adjusted EBITDA recovered to pre-COVID levels in 2019, growing 5.0% and 5.6% respectively in Q3
  • 65,779 retail Internet net subscriber activations represents best quarterly performance in 15 years with 9% residential Internet revenue growth; IPTV net subscriber activations up 68% to 31,641
  • Media revenue grew 14.5%, reflecting higher advertiser spending across all platforms; digital revenue increased 32% and now represents 22% of total media revenue
  • Strong financial position maintained with $6.1 billion of available liquidity(5) at end of Q3
  • Reconfirming all 2021 financial guidance targets

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