BCPPF - BCE Inc. (BCE) Q4 2024 Earnings Call Transcript
2025-02-06 12:08:01 ET
BCE Inc. (BCE)
Q4 2024 Earnings Conference Call
February 06, 2025, 08:00 AM ET
Company Participants
Thane Fotopoulos - IR
Mirko Bibic - President and CEO
Curtis Millen - CFO
Conference Call Participants
Maher Yaghi - Scotiabank
Drew McReynolds - RBC Capital Markets
Sebastiano Petti - JPMorgan
Vince Valentini - TD Securities
Aravinda Galappatthige - Canaccord Genuity
Jerome Dubreuil - Desjardins Securities
David Barden - Bank of America
Patrick Ho - Morgan Stanley
Presentation
Operator
Good morning, ladies and gentlemen. Welcome to the BCE Q4 2024 Results and 2025 Guidance Call. I would like to turn the meeting over to Mr. Thane Fotopoulos. Please go ahead, Mr. Fotopoulos.
Thane Fotopoulos
Thank you, Matthew, and good morning to everyone on the call. Thank you for joining us. With me here today are Mirko Bibic, BCE’s President and CEO; and our CFO, Curtis Millen. You can find all of our Q4 disclosure documents, including the safe harbor notice concerning forward-looking statements for 2025 and our financial guidance targets for this year on the investor relations page of the bce.ca website which we posted earlier this morning. We have a lot of material to get through on this call.
However, before we begin, I'd like to draw your attention to our safe harbor statement on Slide 2, reminding you that today's slide presentation and remarks made during the call will include forward-looking information and therefore are subject to risks and uncertainties. Results could differ materially. We disclaim any obligation to update forward-looking statements except as required by law. Please refer to our publicly filed documents for more details on assumptions and risks.
With that out of the way, I'll turn the call over to Mirko.
Mirko Bibic
Thank you, Thane, and good morning, everyone. Our financial results in Q4 and in 2024 demonstrate our disciplined execution in an ultra-competitive market as we took the necessary near-term actions to balance growth with profitability and to reduce costs to achieve our target objectives. In terms of overall consolidated financial performance, we achieved all our non-revenue targets for 2024. We were also within our revised revenue guidance objective notwithstanding sustained aggressive wireless pricing in Q4 and continued softness in the traditional media advertising market. Notably, our consolidated EBITDA margin increased 1.2 points to 43.4%, our highest annual margin performance in over 30 years....
BCE Inc. (BCE) Q4 2024 Earnings Call Transcript