Overview

* BCE Q2 2025 revenue up 1.3% to $6.085 bln, adjusted EBITDA down 0.9%

* Net earnings rose 6.6% to $644 mln, adjusted EPS fell 19.2% to $0.63

* Co completed Ziply Fiber acquisition, enhancing North American fiber strategy

Outlook

* BCE sees 2025 revenue growth between 0% and 2%

* Company expects adjusted EBITDA growth of 0% to 2% in 2025

* BCE anticipates 2025 adjusted EPS decline of 13% to 10%

* Company projects free cash flow growth of 6% to 11% for 2025

Result Drivers

* WIRELESS IMPROVEMENT - BCE reports first year-over-year improvement in mobile phone postpaid churn since Q3 2022, attributed to customer service enhancements

* BELL MEDIA GROWTH - Bell Media's revenue and adjusted EBITDA rose, driven by digital platforms and advertising technology

* BELL BUSINESS MARKETS - Revenue growth supported by Ateko managed services, cybersecurity, and Bell AI Fabric

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $6.08

Revenue bln

Q2 $0.63

Adjusted

EPS

Q2 EPS $0.63

Q2 $592 mln

Adjusted

Net

Income

Q2 Net $644 mln

Income

Q2 $2.67

Adjusted bln

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 9 "hold" and 5 "sell" or "strong sell"

* The average consensus recommendation for the integrated telecommunications services peer group is "buy."

* Wall Street's median 12-month price target for BCE Inc ( BCEXF ) is C$33.00, about 3% above its August 6 closing price of C$32.00

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)