Adjusted EBITDA in the reported quarter was C$2,437 million,

 Adjusted EBITDA in the reported quarter was C$2,437 million,

 up 0.3% year over year. The rise was driven by an increase of 4.1% in the wireless segment, partly offset by a decrease of 0.6% in wireline segments and 15.7% in media. The adjusted EBITDA margin was 37.8% compared with 39.1% in the prior-year quarter.

Cash Flow

BCE generated C$2,056 million of cash from operating activities compared with C$1,743 million in the prior-year quarter. The free cash flow was C$376 million compared with C$229 million a year ago due to higher cash flows from operating activities.

2023 Outlook

BCE issued the financial guidance for 2023. It expects revenue growth between 1% and 5% and adjusted EBITDA between 2% and 5%. Adjusted earnings per share are estimated to decrease 3-7% owing to lower tax adjustments and higher expected depreciation and amortization expense.

Free cash flow growth is projected to be 2-10%. The annualized common dividend per share is estimated to be C$3.87.