Bell adds 9,197 retail IPTV subscribers in Q3 2024

MONTRÉAL — BCE Inc. (TSX: BCE) (NYSE: BCE) today reported results for the third quarter (Q3) of 2024.

Bell added 9,197 net new retail IPTV subscribers, down from 35,976 in Q3 2023. The year-over-year decrease was due mainly to lower customer activations, particularly on our Fibe TV streaming service, and less pull-through as a result of lower Internet volumes. Bell served 2,133,397 retail IPTV subscribers* at the end of Q3, a 4.2% increase over last year.

Retail Internet protocol television (IPTV) subscribers*

                              Q3 2024    Q3 2023  % change  YTD 2024    YTD 2023  % change
                            ---------  ---------  --------  ---------  ---------  --------
Net subscriber activations      9,197     35,976   (74.4%)    22,058      58,381   (62.2%)
Subscribers                 2,133,397  2,046,805      4.2%  2,133,397  2,046,805      4.2%

* In Q2 2024, we increased our retail IPTV subscriber base by 40,997 to align the deactivation policy for our Fibe TV streaming services to our traditional Fibe TV service. While in Q2 2023, our retail high-speed Internet, retail IPTV and retail residential NAS lines subscriber bases increased by 35,080, 243 and 7,458 subscribers, respectively, as a result of small acquisitions.

As of Q1 2024, we are no longer reporting retail satellite TV subscribers as this no longer represents a significant proportion of our revenues. As a result, satellite TV subscribers have been removed from our retail TV subscriber base, and we now report exclusively retail IPTV subscribers.