Earnings release
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BCE News release This news release contains forward - looking statements . For a description of the related risk factors and assumptions , please see the section entitled " Caution Regarding Forward - Looking Statements " later in this news release . BCE reports third quarter 2021 results Net earnings grew 9.9 % to $ 813 million with net earnings attributable to common shareholders increasing 9.4 % to $ 757 million , or $ 0.83 per common share , up 7.8 % ; 5.1 % higher adjusted net earnings ( ¹ ) of $ 748 million generated adjusted EPS ( ¹ ) of $ 0.82 , up 3.8 % ● ● ● ● ● ● ● 3.6 % consolidated service revenue growth drove 4.2 % higher adjusted EBITDA ( ² ) 266,919 total wireless mobile phone and mobile connected device , retail Internet and IPTV net subscriber activations increased 10.2 % ● 136,464 mobile phone net subscriber activations ( 4 ) , up 14.3 % ; best - ever Q3 postpaid churn rate at 0.93 % ; quarterly wireless service revenue and adjusted EBITDA recovered to pre - COVID levels in 2019 , growing 5.0 % and 5.6 % respectively in Q3 65,779 retail Internet net subscriber activations represents best quarterly performance in 15 years with 9 % residential Internet revenue growth ; IPTV net subscriber activations up 68 % to 31,641 Media revenue grew 14.5 % , reflecting higher advertiser spending across all platforms ; digital revenue increased 32 % and now represents 22 % of total media revenue Strong financial position maintained with $ 6.1 billion of available liquidity ( 5 ) at end of Q3 Reconfirming all 2021 financial guidance targets MONTRÉAL , November 4 , 2021 - BCE Inc. ( TSX , NYSE : BCE ) today reported results for the third quarter ( Q3 ) of 2021 . " With a clear strategic roadmap to build back from the impacts of COVID - 19 and invest in the growth opportunities ahead , our team delivered positive performances across all Bell operating segments in Q3 . Bell's leading fibre and 5G broadband networks , and the wireline , wireless and media innovations they enable , are clearly delivering the connections Canadian consumers and business customers need as we all work to recover from the impacts of the COVID crisis , " said Mirko Bibic , President and CEO of BCE Inc. and Bell Canada . " As pace of our recovery from the crisis quickens , the strong demand for the speed and connectivity advantages of Bell's leading networks and services is clearly reflected in our Q3 results . Our fast - growing fibre network powered Bell's best quarterly retail Internet net subscriber activations in 15 years and a 9 % increase in residential Internet revenue as we also grew IPTV net subscriber activations by 68 % . At the same time , the unparalleled performance advantages of Il's wireless networks drove a 46 % increase in postpaid obile phone net additions and exceptional growth in service revenue and adjusted EBITDA . " " The Bell team has achieved our objective to steadily improve results each quarter since Q2 2020 , when our business experienced its heaviest impacts from the COVID crisis . We have grown total revenue and adjusted EBITDA back to the levels of pre - pandemic Q3 2019 while at the same time significantly accelerating our next - generation network infrastructure investments to help our customers and company come back better from the COVID crisis . As reflected in the Bell for Better initiative , including the historic two - year $ 1.7 billion acceleration in our 5G , fibre 1/15