Bell Media's parent company BCE had gross revenue last year of $22.8 billion compared to $23.7 billion in 2019.  Net profit was approx.$2.6 billion as compared to $3.2 billion last year. 

The broadcast division (Bell Media) saw a 10% decline in revenue as compared to 2019. 

Bell Media

• Media operating revenue decreased 10.0% in Q4 to $791 million, and by 14.5% to $2,750 million for 2020, due to decreased customer spending across all of our TV, radio, digital and out of home platforms, reflecting reduced commercial activity during COVID-19 as well as the impacts on major league sports and other live events.
• The Q4 revenue result represented a second quarter of sequential improvement as advertiser demand increased with the start of the new fall TV season and more live sports broadcasts.
• TSN was Canada's #1 ranked sports channel for Q4 and full-year 2020, and RDS was the top non-news French-language specialty among adults 25-54 in Q4.
• Noovo, Bell Media's new TV and digital brand in Québec, increased primetime viewership by 6% and gained 1.5 percentage points in market share among adults A25-54 in the fall season.
• Subscriber revenue was also lower compared to Q4 2019, due to the timing of certain contract renewals with Canadian TV distributors that was partly offset by higher revenue from Crave streaming subscriber growth in 2020. Crave subscribers totalled approximately 2.8 million at the end of 2020, up 8% over 2019.
• Adjusted EBITDA decreased 7.8% in Q4 to $189 million, due to the flow-through impact of lower revenue. However, margin improved to 23.9% from 23.3%, reflecting a 10.7% reduction in operating costs, which encompassed delays or shutdowns in sports broadcasts and TV productions as well as reduced discretionary expenses. For full-year 2020, adjusted EBITDA was down 18.2% to $695 million, yielding a margin of 25.3% compared to 26.4% in 2019.

To see all financial results for BCE courtesy of CISION News..
https://www.newswire.ca/news-releases/bce-reports-2020-q4-and-full-year-results-831353388.html 

 

Last edited by paterson1 (February 4, 2021 7:17 pm)