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BCE(BCE) - 2025 Q2 - Earnings Call Presentation
2025-08-07 12:00
Financial Performance - Revenue increased by 1.3% year-over-year to $6,085 million[23] - Adjusted EBITDA decreased by 0.9% year-over-year to $2,674 million[23] - Free cash flow increased by 5.0% to $1,152 million in Q2[26] - Bell Media's digital revenues increased by 9% year-over-year, representing 43% of total media revenue[18, 37] Strategic Priorities & Acquisitions - Ziply Fiber acquisition was successfully completed on August 1st[12] - BCE expects revenue from Ziply Fiber to be approximately US$710 million in 2025[44, 45] - BCE anticipates adjusted EBITDA from Ziply Fiber to be approximately US$335 million in 2025[44, 45] - BCE expects approximately 1.5 million fibre passings from Ziply Fiber by the end of 2025[44, 45] Subscriber Growth & Network Expansion - Retail FTTH Internet net additions were 26,583, with 69% of end-of-period subscribers on fibre[20] - Crave subscribers increased by 29% year-over-year to 4.1 million[20] - Approximately 40% of new retail Internet activations are subscribing to a service bundle with wireless[13] Financial Targets - BCE updated its revenue growth guidance for 2025 to 0% to 2%[46] - BCE updated its adjusted EBITDA growth guidance for 2025 to 0% to 2%[46]