VANCOUVER - TELUS (NYSE:TU) Corporation (TSX:T, NYSE: TU) reported first quarter 2025 results that showed continued customer growth and steady financial performance on Friday.
The company’s stock was unchanged in pre-market trading following the earnings release.
TELUS reported adjusted earnings per share of $0.26, in line with analyst estimates. Revenue rose 3% year-over-year to $5.1 billion, slightly ahead of expectations.
The company’s TTech segment, which includes its core telecom operations and new TELUS Health unit, saw operating revenue increase 3% and adjusted EBITDA grow 4% compared to Q1 2024.
"Our first quarter results demonstrate the resiliency of our business within a dynamic operating environment," said Darren Entwistle, President and CEO of TELUS. He highlighted the company’s "industry-leading customer growth" as a key driver of performance.
TELUS maintained its quarterly dividend at $0.4163 per share, up 7% from a year ago. The company also extended its dividend growth program, targeting 3-8% annual increases through 2028.
The Canadian telecom giant added 218,000 net new mobile and fixed customers in Q1, its strongest first quarter on record for customer additions.
Free cash flow rose 22% year-over-year to $488 million in Q1. TELUS reaffirmed its 2025 financial targets, including 2-4% revenue growth and 3-5% adjusted EBITDA growth for its TTech segment.
TELUS shares offer an attractive dividend yield of approximately 8% based on the current share price.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.