BCE Beats on AIPowered Business, Higher Revenue

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News Source : Financial Post

News Summary

  • Canada's biggest telecommunications firm by revenue earned 63 Canadian cents per share on an adjusted basis.
  • Net earnings fell to C$667 million ($489 million) from C$683 million a year before.
  • Revenue was C$6.2 billion, 4% higher than last year and more than estimates.
  • Crave, BCE’s streaming service, grew subscriptions by 25% and had its most-watched quarter,.
  • Its mobile business gained 16,947 net postpaid subscribers over the quarter.
(Bloomberg) BCE Inc. beat analyst expectations in the first quarter as its investments in artificial intelligence infrastructure pay off.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now [+3701 chars]

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