BCE Inc. Q3 2026 Earnings Recap

BCE shares rose 2.4% after earnings, a roughly flat reaction. The quarter showed improving customer retention and growth in fiber, enterprise and media, alongside continued execution on the AI infrastructure buildout.

Key Takeaways

• Postpaid churn improved 7 basis points to 1.06%, its lowest third-quarter level in four years; BCE added more than 24,000 postpaid mobile phone customers.
• BCE added 67,000 residential FTTH subscribers in Canada and the U.S., contributing to 5.1% Internet revenue growth.
• Bell Business Markets revenue grew 9.2%; AI-powered solutions revenue increased 41%, primarily driven by Ateko and Bell Cyber.
• Crave subscribers grew 21% year over year to more than 5.1 million, with direct-to-consumer streaming subscribers up 41%; Bell Media digital revenue rose 20%.
• BCE announced a $2.45 billion transaction for La Caisse to acquire a 49.9% stake in TowerCo. Management said its commitment to reach 3.5x net debt leverage by the end of 2027 remains unchanged.