BCE, Bell Media First Quarter Revenues, Earnings Rise

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BELL MEDIA parent BCE INC. saw first quarter 2022 overall operating revenues up 2.5% year-over-year to C$5.85 billion, with net earnings up 36% to C$934 million. BELL MEDIA operating revenue was up 15.7% to C$825 million; advertising revenue increased 8.5% behind increased sports programming on TV, including the SUPER BOWL. The only mention of radio in the earnings report noted "improved year-over-year radio performance" but did not give specifics.

In a statement mostly concerning the company's growth in internet and wireless services, Pres./CEO MIRKO BIBIC said, "This is the first quarter since the start of the pandemic in which our consolidated financial results surpassed pre-COVID levels and I am very proud of the BELL team for their continued focus on operational excellence, and all that they've done over the past two years to deliver for our customers."

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