BCE Q3 2023 Earnings Report

BCE EPS Results

• Actual EPS: C$0.81
• Consensus EPS: C$0.81
• Beat/Miss: Met Expectations
• One Year Ago EPS: N/A

BCE Revenue Results

• Actual Revenue: $6.08 billion
• Expected Revenue: $6.21 billion
• Beat/Miss: Missed by -$130.33 million
• YoY Revenue Growth: N/A

BCE Announcement Details

• Quarter: Q3 2023
• Date: 11/2/2023
• Time: N/A

BCE (TSE:BCE) is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec. Additionally, BCE has a media segment, which holds television, radio, and digital media assets. BCE licenses the Canadian rights to movie channels including HBO, Showtime, and Starz. In 2021, the wireline segment accounted for 54% of total EBITDA, while wireless composed 39%, and media provided the remainder.