Bell (BCE Inc.) reported a major profit jump in the third quarter of 2025 , driven largely by its new U.S. acquisition and a one-time gain from selling its minority stake in Maple Leaf Sports & Entertainment. Still, signs of slowdown in its core Canadian operations suggest the gains may not last.

The company posted net earnings of $4.56 billion, up sharply from a loss of $1.19 billion a year earlier. Profit attributable to shareholders was $4.50 billion, or $4.84 per share. Excluding one-time items, adjusted profit rose a modest 6.5% to $733 million, while total revenue edged up 1.3% to $6.05 billion. Free cash flow climbed 21% to $1 billion, and operating cash flow rose 4% to $1.9 billion.

CEO Mirko Bibic said Bell’s focus on putting customers first, expanding its fibre and wireless net

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