Bell Media Parent BCE Inc. Revenues Rise For Fourth Quarter

Q4 Results

BCE INC., parent of BELL MEDIA, saw operating revenues increase 3% year-to-year to C$6.215 billion in fourth quarter 2018, with net earnings off 8% to C$642 million but adjusted net earnings rising 7.9% to C$794 million.  Free cash flow jumped 56.7% to C$1.022 billion.

The BELL MEDIA segment's operating revenue rose 1.9% to C$850 million, credited to ad revenue growth in the TV, outdoor, and digital sectors.  The company's radio revenues were not broken out in its financial release.  The company has also announced a 5% increase in its annualized common share dividend to $3.17/share/year, effective with first quarter 2019.

"BELL achieved strong Q4 gains in broadband wireless, Internet, TV and streaming customers, driving growth in revenue and adjusted EBITDA across our wireline, wireless and media operating segments. BELL's broadband leadership strategy continues to deliver unparalleled network performance and service innovation to our customers and ongoing value enhancement to our shareholders -- including the latest increase to the BCE common share dividend announced today," said Pres./CEO GEORGE COPE.

The company issued its 2019 guidance, with revenue growth projected at 1-3% for the year.

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