BCE Inc T.BCE.PR.E

BCE reports second quarter 2024 results

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• Consolidated adjusted EBITDA1 growth of 2.0% in Q2, delivering 1.3 percentage-point increase in adjusted EBITDA margin2 to 44.9% on 3.3% lower operating costs
• Net earnings of $604 million, up 52.1%, with net earnings attributable to common shareholders of $537 million, up 63.2% or $0.59 per common share; adjusted net earnings1 of $712 million yielded adjusted EPS1 of $0.78, down 1.3%
• Free cash flow1 increased 8.0% to $1,097 million; cash flows from operating activities down 9.6% to $2,137 million
• 131,043 total mobile phone net activations3, up 4.4%, including highest quarterly prepaid net activations in almost two years of 52,543, up 269%; 87,917 mobile connected device net activations, up 10.5%
• Canada's fastest 5G+ network4 now even faster with deployment of 3800 MHz spectrum in select areas of GTA, enabling speeds of up to 4 Gbps
• 23,841 total retail Internet net subscriber activations3 – second best Q2 result since 2007 – drove 3% Internet revenue growth and 23% higher mobility and Internet service bundle sales
• Bell Media digital revenue5 up 23% as digital platforms and advertising technology drove strong growth; first quarter of total media revenue and adjusted EBITDA growth since Q2 2022
• Reconfirming all 2024 financial guidance targets

MONTREAL, Aug. 1, 2024 /CNW/ - BCE Inc. (TSX: BCE) (NYSE: BCE) today reported results for the second quarter (Q2) of 2024.

BCE reports second quarter 2024 results (newswire.ca)