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BCE’s Unseen Media Catalyst — Crave Subscribers Surge 23% To 5.1 Million!

The latest quarterly results of BCE Inc. reflect a measured approach to balancing core telecommunications operations with targeted investments in growth areas, yielding modest revenue and profitability improvements amid a challenging market environment. Consolidated revenue increased by 1.5% year-over-year driven primarily by contributions from the U.S.-based Ziply Fiber acquisition and growth within Bell Media. Adjusted EBITDA rose by 1%, supported by Ziply Fiber and Bell Media, while the adjusted EBITDA margin remained stable at 43.8%. The company generated over C$1 billion in free cash flow during the quarter despite increased capital expenditures, which rose by approximately C$317 million largely due to investments in fiber expansion in the U.S. and data center development linked to the Bell AI Fabric initiative. Excluding AI fabric investments, Canadian telecom capital spending declined, consistent with BCE’s multi-year plan to reduce capital intensity.