Bell Reports Q1 Revenue of $6.17B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 07 2026
0mins
Reports Q1 revenue $6.17B, consensus $6.09B. The company said, "Bell's Q1 results demonstrate solid execution across our four strategic priorities in a competitive environment. Fibre continues to be a key growth driver. In Canada, we added close to 43,000 residential fibre subscribers, and combined with the contribution from Ziply Fiber, total residential fibre net subscriber additions were close to 50,000 with Internet revenue growing nearly 15% year over year. Crave had its most watched quarter in its history with subscribers up 25% year over year to 4.74 million. Bell Media digital revenues grew 8% year over year, driven by Crave and sports direct-to-consumer streaming subscriber growth. Last year, we outlined our strategy for AI-powered enterprise solutions and introduced three businesses - Ateko, Bell Cyber and Bell AI Fabric. Since then, we've made big strides, reflecting Bell's unique position in the Canadian market that intersects connectivity, deep relationships with Canada's biggest enterprises and now purpose-built AI infrastructure. For the first time, we're disclosing revenue for Bell Business Markets, which was up 9.7%, driven by 113% growth in AI-powered solutions revenue. In addition to executing on our four strategic priorities, we've been making progress on our capital allocation and capital investment plans to simplify the business, strengthen the balance sheet and focus capital on higher-return opportunities. We will continue to execute on our plan as outlined at Investor Day 2025 as we look to create long-term value for our shareholders."
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Analyst Views on BCE
Wall Street analysts forecast BCE stock price to rise
11 Analyst Rating
6 Buy
5 Hold
0 Sell
Moderate Buy
Current: 24.910
Low
24.34
Averages
27.57
High
32.45
Current: 24.910
Low
24.34
Averages
27.57
High
32.45
About BCE
BCE Inc. is a Canada-based communications company. The Company provides advanced Bell broadband Internet, wireless, television (TV), media and business communications services. The Company operates through two segments: Bell Communication and Technology Services (Bell CTS) and Bell Media. The Bell CTS segment includes providing a range of communication products and services to consumers, businesses and government customers across Canada; wireless products and services; wireline products and services, and its wholesale business. Its brands include Bell, Bell MTS, Bell Aliant, Virgin Plus, Fibe, Lucky Mobile and Northwestel. The Bell Media segment is a media and entertainment company with a portfolio of assets in video, audio and OOH advertising, and digital media, monetized through traditional and digital platforms. The Company also serves customers in the United States Pacific Northwest through Ziply Fiber.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Bell Canada Announces Concurrent Multi-Tranche Offerings to Raise Capital
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- Bond Details: The first series consists of 4.70% MTN debentures priced at C$99.815 per C$100 principal, yielding 4.723% and maturing on November 15, 2036; the second series features 5.30% MTN debentures priced at C$99.568 per C$100 principal, yielding 5.329% and maturing on June 3, 2056, reflecting the company's focus on long-term financing.
- U.S. Market Expansion: Bell is also offering $650 million in 5.450% Series US-11 notes in the U.S., priced at $99.917 per $100 principal, yielding 5.461% and maturing on November 15, 2036, showcasing the company's ability to tap into international financing markets.
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- Project Implementation Details: The first phase of the Sherwood facility is expected to come online in the first half of 2027, with Bird Construction serving as the lead partner to ensure timely delivery while prioritizing local and Indigenous workforce participation.
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- Network Technology Leadership: As Canada's largest communications company, BCE leads in advanced fiber and wireless networks, enterprise services, and digital media, driving technological advancements in the sector.
- Cloud and AI Applications: By delivering cloud-based and AI-driven solutions, BCE ensures customers remain connected, informed, and entertained, thereby enhancing businesses' competitiveness on the global stage.
- Live Webcast Available: The conference will be available via live webcast on BCE's website, allowing investors and the public to stay updated on the company's latest developments and strategic direction.
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- Network Technology Leadership: As Canada's largest communications company, BCE leads in advanced fiber and wireless networks, enterprise services, and digital media, driving technological advancements in the sector.
- Innovation-Driven: By delivering cloud-based and AI-driven solutions, BCE ensures customers remain connected, informed, and entertained, thereby enhancing businesses' competitiveness on the global stage.
- Live Webcast: The conference will feature a live webcast on BCE's website, further enhancing the company's transparency and attracting investor interest.
See More
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- Payment Schedule: The dividend will be payable on July 15, with a record date of June 15 and an ex-dividend date also on June 15, ensuring shareholders receive timely returns and reinforcing the relationship between the company and its investors.
- Dividend Growth Potential: BCE's ability to maintain its dividend is supported by its ongoing profitability and sound financial management, which is expected to continue attracting income-seeking investors and enhance the company's market appeal.
- Investor Interest: BCE's dividend performance and growth potential have garnered attention among investors, particularly in the current economic climate, where stable dividend payments provide additional security, potentially stabilizing the stock price.
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- Strategic Direction: As Canada's largest communications company, BCE is committed to enhancing customer experience through cloud-based and AI-driven solutions, ensuring competitiveness in the global market and showcasing its foresight in technological innovation.
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See More
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- Capital Raising: Bell Canada is set to conduct concurrent public offerings in Canada and the U.S. to raise a total of C$1.6 billion, which includes C$900 million in 4.70% MTN debentures and C$700 million in 5.30% MTN debentures, indicating strong demand in the capital markets.
- Bond Details: The first series consists of 4.70% MTN debentures priced at C$99.815 per C$100 principal, yielding 4.723% and maturing on November 15, 2036; the second series features 5.30% MTN debentures priced at C$99.568 per C$100 principal, yielding 5.329% and maturing on June 3, 2056, reflecting the company's focus on long-term financing.
- U.S. Market Expansion: Bell is also offering $650 million in 5.450% Series US-11 notes in the U.S., priced at $99.917 per $100 principal, yielding 5.461% and maturing on November 15, 2036, showcasing the company's ability to tap into international financing markets.
- Use of Proceeds: The proceeds from these offerings will be utilized for debt repayment and general corporate purposes, including ongoing tender offers, demonstrating Bell's strategic intent to optimize its capital structure and enhance financial flexibility.
See More
Bell Canada Partners with Bird Construction for AI Data Centre Development
- Strategic Partnership: Bell Canada has formalized a long-term partnership with Bird Construction to support the construction of a 300 MW data center in Sherwood, Saskatchewan, marking a significant step in Bell AI Fabric's strategy to advance domestic AI infrastructure nationwide.
- Project Implementation Details: The first phase of the Sherwood facility is expected to come online in the first half of 2027, with Bird Construction serving as the lead partner to ensure timely delivery while prioritizing local and Indigenous workforce participation.
- Economic Development Commitment: Through an agreement with George Gordon First Nation, Bird Construction will enhance Indigenous procurement and workforce development, reflecting a shared commitment to economic growth and creating sustainable business opportunities in the region.
- Equity Incentive Mechanism: As part of the strategic partnership, Bird will issue Bell warrants to acquire up to 2,625,000 common shares, further solidifying their collaboration on future AI data center projects.
See More
BCE CFO to Participate in Telecom & Media Conference
- Executive Participation: Curtis Millen, CFO of BCE Inc., will engage in a fireside chat at the TD Cowen 28th Annual Telecom & Media Conference in Toronto on May 14, 2026, highlighting the company's leadership in the industry.
- Network Technology Leadership: As Canada's largest communications company, BCE leads in advanced fiber and wireless networks, enterprise services, and digital media, driving technological advancements in the sector.
- Cloud and AI Applications: By delivering cloud-based and AI-driven solutions, BCE ensures customers remain connected, informed, and entertained, thereby enhancing businesses' competitiveness on the global stage.
- Live Webcast Available: The conference will be available via live webcast on BCE's website, allowing investors and the public to stay updated on the company's latest developments and strategic direction.
See More
BCE CFO to Participate in Telecom & Media Conference
- Executive Participation: Curtis Millen, CFO of BCE Inc., will participate in a fireside chat at the TD Cowen 28th Annual Telecom & Media Conference in Toronto on May 14, 2026, showcasing the company's leadership in the industry.
- Network Technology Leadership: As Canada's largest communications company, BCE leads in advanced fiber and wireless networks, enterprise services, and digital media, driving technological advancements in the sector.
- Innovation-Driven: By delivering cloud-based and AI-driven solutions, BCE ensures customers remain connected, informed, and entertained, thereby enhancing businesses' competitiveness on the global stage.
- Live Webcast: The conference will feature a live webcast on BCE's website, further enhancing the company's transparency and attracting investor interest.
See More
BCE Declares Quarterly Dividend of CAD 0.4375 per Share
- Quarterly Dividend Announcement: BCE has declared a quarterly dividend of CAD 0.4375 per share, consistent with previous distributions, reflecting the company's stable cash flow and profitability, which enhances investor confidence.
- Payment Schedule: The dividend will be payable on July 15, with a record date of June 15 and an ex-dividend date also on June 15, ensuring shareholders receive timely returns and reinforcing the relationship between the company and its investors.
- Dividend Growth Potential: BCE's ability to maintain its dividend is supported by its ongoing profitability and sound financial management, which is expected to continue attracting income-seeking investors and enhance the company's market appeal.
- Investor Interest: BCE's dividend performance and growth potential have garnered attention among investors, particularly in the current economic climate, where stable dividend payments provide additional security, potentially stabilizing the stock price.
See More
BCE Annual General Meeting Approves All Proposals
- Director Election Results: At BCE's Annual General Meeting, all nominated directors received shareholder approval, with Mirko Bibic elected with 98.54% of votes, demonstrating shareholder trust and enhancing the stability of the company's governance structure.
- Voting Statistics: Louis Vachon achieved the highest support rate of 99.10%, reflecting his significance and influence within the company, further solidifying BCE's leadership position in the communications industry.
- Strategic Direction: As Canada's largest communications company, BCE is committed to enhancing customer experience through cloud-based and AI-driven solutions, ensuring competitiveness in the global market and showcasing its foresight in technological innovation.
- Transparency Enhancement: BCE provided complete director biographies and voting matters during the meeting, increasing shareholder understanding of company operations and demonstrating the company's commitment to transparency and shareholder communication.
See More
