BCE Inc

Strong Financial Performance with Challenges: BCE reported a consolidated EBITDA margin increase of 1.2 points to 43.4%, marking the highest annual margin performance in over 30 years. However, total revenue declined by 0.8%, primarily due to aggressive pricing competition in the wireless sector and a downturn in traditional media advertising.

2025 Revenue and EBITDA Guidance: BCE provided 2025 revenue guidance ranging from a decline of 3% to a growth of 1%. Adjusted EBITDA guidance ranges from a decrease of 2% to an increase of 2%. The company acknowledges continued regulatory uncertainty and competitive pressures as significant factors influencing these projections.

Opportunities in Fiber and Media: BCE aims to accelerate its fiber network expansion, expecting to reach approximately 12 million fiber passings by 2028, bolstered by the acquisition of Ziply Fiber. Digital media revenue increased by 19% in 2024, making up 42% of total media revenue, indicating a successful shift from traditional to digital.