BCE Q3 Revenue Rises 2.2% as AI, Fibre Capex Squeezes Free Cash
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Montreal – November 05, 2026 -- BCE Inc. grew third-quarter revenue 2.2% to $6,182 million, but free cash flow fell to $854 million as spending on Bell AI Fabric data centres and Ziply Fiber's U.S. fibre network increased.
Adjusted EBITDA edges up 0.9% while earnings drop on prior-year MLSE gain
Service revenue rose 1.6% to $5,412 million and product revenue climbed 6.9% to $770 million. Adjusted EBITDA increased 0.9% to $2,786 million, helped by Bell CTS U.S. and an 8.0% gain at Bell Media. A 0.8% decline at Bell CTS Canada partly offset those gains.
Operating costs rose 3.3%, reflecting a full quarter of Ziply Fiber expenses versus two months in Q3 2025, plus higher content costs at Bell Media.