Bell Reports Q1 Revenue of $6.17B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy BCE?
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: 24.570
Low
24.34
Averages
27.57
High
32.45
Current: 24.570
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.
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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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- AI Solutions Revenue Growth: BCE disclosed a 9.7% revenue increase for Bell Business Markets, driven by a remarkable 113% growth in AI-powered solutions revenue, indicating that the company's strategic investments in enterprise services are beginning to pay off and enhancing its competitive edge.
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- 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
BCE Annual General Meeting Successfully Elects Directors
- Shareholder Voting Results: At BCE's Annual General Meeting, all proposals were approved, with director nominations receiving over 98% support, reflecting strong shareholder trust in management and enhancing governance stability.
- Director Election Details: Mirko Bibic was elected with 98.54% support, while Robert P. Dexter and Katherine Lee received 98.45% and 98.13% respectively, indicating the effectiveness of the leadership in driving the company's strategic development.
- Company Strategic Positioning: As Canada's largest communications company, BCE is committed to leveraging advanced fiber and wireless networks, enterprise services, and digital media to drive the application of next-generation technologies, thereby enhancing customer connectivity and business competitiveness, further solidifying its market leadership.
- Future Growth Outlook: By utilizing cloud-based and AI-driven solutions, BCE not only enhances customer experience but also equips businesses with the capability to compete globally, indicating the company's ongoing growth potential in future markets.
See More
BCE Annual General Meeting Elects Directors with Strong Majority Support
- Election Results: At BCE's Annual General Meeting, all proposals were approved, with Mirko Bibic elected by 98.54% of votes, reflecting strong shareholder confidence and enhancing governance stability.
- Voting Participation: The voting results indicate active shareholder engagement, with Bibic receiving 353,953,313 votes against only 5,234,818 opposed, showcasing confidence in the company's future direction.
- Board Composition: Newly elected directors, including Robert P. Dexter and Katherine Lee, received over 98% support, which not only reflects shareholder approval of the current board but also provides robust backing for future strategic decisions.
- Strategic Direction: As Canada's largest communications company, BCE is committed to driving digital transformation through advanced fiber and wireless networks, and the election results will further solidify its market leadership and competitive edge globally.
See More
BCE Reports Strong Q1 2026 Results with Key Growth Metrics
- Revenue Growth: BCE's Q1 2026 revenue reached CAD 6.168 billion, a 4.0% increase year-over-year, primarily driven by a 3.4% rise in service revenue to CAD 5.350 billion and a 7.9% increase in product revenue to CAD 818 million, demonstrating the company's ability to maintain stable growth in a competitive market.
- Fiber Subscriber Increase: In Canada, BCE added nearly 43,000 residential fiber subscribers, and combined with contributions from Ziply Fiber, total residential fiber net additions approached 50,000, driving Internet revenue growth of nearly 15% year-over-year, further solidifying its leadership in the high-speed Internet market.
- Crave Subscription Growth: Crave saw a 25% year-over-year increase in subscribers, reaching 4.74 million in Q1 2026, marking its most-watched quarter in history, reflecting BCE's strong performance and rising demand in the digital media sector.
- AI Solutions Revenue: BCE disclosed for the first time that Bell Business Markets' revenue grew by 9.7%, with AI-powered solutions revenue soaring by 113%, showcasing the company's innovative capabilities in enterprise services and enhancing its competitive edge in the market.
See More
BCE Reports Strong Q1 2026 Results Driven by Fiber Growth
- Fiber Subscriber Growth: BCE added nearly 43,000 residential fiber subscribers in Q1 2026, with total residential fiber net additions close to 50,000 when including contributions from Ziply Fiber, driving Internet revenue growth of nearly 15% year-over-year, showcasing the company's ability to expand in a competitive market.
- Crave Subscription Surge: Crave experienced its most-watched quarter in history, with subscribers increasing by 25% year-over-year to 4.74 million, reflecting strong performance in the digital media business and further solidifying BCE's leadership in the streaming market.
- AI Solutions Revenue Growth: BCE disclosed a 9.7% revenue increase for Bell Business Markets, driven by a remarkable 113% growth in AI-powered solutions revenue, indicating that the company's strategic investments in enterprise services are beginning to pay off and enhancing its competitive edge.
- Increased Capital Expenditures: BCE's capital expenditures reached $841 million in Q1, up 15.4% year-over-year, with a capital intensity of 13.6%, demonstrating the company's ongoing commitment to infrastructure investment to support future business growth and technological innovation.
See More
