07:03 AM EDT, 08/07/2025 (MT Newswires) -- Canadian telecoms giant BCE (BCE.TO, BCE) on Thursday dialled in lower second-quarter earnings than expected, despite a revenue beat, and unemployment dated its 2025 guidance to reflect the close of the Ziply Fiber acquisition on Aug. 1.

For Q2, BCE had net earnings of $644 million, up 6.6%, and net earnings attributable to common shareholders of $579 million, up 7.8%, or $0.63 per common share

BCE had adjusted net earnings of $592 million, yielding adjusted EPS of $0.63, down 19.2% from $0.78. The company missed a consensus forecast at FactSet of $0.71.

Consolidated revenue were up 1.3% in Q2 2025 to $6.065 million compared with Q2 2024's $6,005 million. This beat a FactSet forecast of $5,942.8 million.

Consolidated adjusted EBITDA fell 0.9% reflecting higher operating costs for strong product revenue growth.

On outlook, BCE updated its financial guidance targets for 2025, as provided on February 6, 2025, and updated on May 8, 2025 with respect to the annualized common dividend per share, to reflect the acquisition of Ziply Fiber, which closed on August 1, 2025. The guidance ranges do not reflect the pending divestiture of Northwestel.

Mirko Bibic, President and CEO, said: "While the significant changes in our economic and operating environments that have occurred since the Fall of 2024 persist, the timely and appropriate steps we have taken are yielding results. Our consolidated revenue is up 1.3% year-over-year, and we delivered a 6.6% increase in net earnings. Q2 further represents the first quarter of year-over-year improvement in our mobile phone postpaid customer churn in nearly three years -- the direct result of our customer service improvements."

Bibic added: "As we turn to the second half of the year, we are pleased to announce today that we are hosting an Investor Day on October 14. This represents an important opportunity to demonstrate how each element of our strategic plan comes together to create long-term shareholder value."

BCE was down 1.3% on the TSX yesterday.