The Globe and Mail reports in its Friday edition that BCE posted flat revenue and lower adjusted earnings in its fourth quarter, as weaker advertising weighed on its media business despite record new Crave subscribers. The Globe's Irene Galea writes that the Montreal telco posted revenue of $6.4-billion for the fourth quarter ended Dec. 31, down 0.3 per cent from a year earlier and slightly below analyst consensus of $6.5-billion. The result reflected declines in its media and Canadian telecom business, partly offset by the addition of its new U.S. fibre business. Net earnings were up 25 per cent to $632-million, driven in part by accounting losses recorded in the prior year tied to a lower share price, as well as gains on investments this quarter related to the sale of its home-security business. When accounting for severance, acquisition costs and taxes on various extraneous items, adjusted net earnings fell 10 per cent. The company also issued 2026 financial guidance consistent with the three-year outlook it provided last fall, projecting revenue growth of 1 per cent to 5 per cent, free-cash-flow growth of 4 per cent to 10 per cent, and no change to the annualized common dividend for its current financial year.
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