BCE Inc. reported a 63% increase in Q2 earnings to $537M due to lower expenses and restructuring.

BCE Inc. reported a 63% increase in Q2 earnings, reaching $537 million, despite a slight dip in revenue to $6.01 billion. This improvement is attributed to lower expenses, including reduced buying obligations, severance, and acquisition costs. The telecom giant's restructuring plan, which resulted in job cuts, has contributed to financial benefits, with better margins offsetting lower revenues. BCE added 78,500 net postpaid mobile subscribers in the quarter and generated a 35% year-over-year increase in digital advertising revenue.

August 01, 2024
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