BCE reports 2025 Q4 and full-year results, announces 2026 financial targets

BCE Inc. (TSX: BCE) (NYSE: BCE) today reported results for the fourth quarter (Q4) and full-year 2025 and provided financial guidance for 2026. "Bell's disciplined focus on its four strategic priorities – putting the customer first; delivering the best fibre and wireless networks; leading in enterprise with AI-powered solutions; and building a digital media and content powerhouse – delivered strong results in 2025," said Mirko Bibic, President and CEO, BCE and Bell Canada. "In the fourth quarter, BCE delivered 2.3% adjusted EBITDA growth and expanded margins by 100 basis points to 41.6%, our highest Q4 margin in more than 30 years. Wireless operating momentum continued, with postpaid churn improving year-over-year for a third consecutive quarter to 1.49%, while Internet revenues grew 16.6%, supported by the contribution from Ziply Fiber. For the full year, we achieved all of our 2025 financial guidance targets, grew free cash flow1 by 10% to $3.2 billion and expanded adjusted EBITDA margin to 43.6% — the highest annual level in more than 30 years." "2025 was... Read more

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