In the fourth quarter of 2024, TELUS Corporation achieved notable success across its service segments, showcasing strong financial results.
Growth in Core Service Segments
In Q4 2024, TELUS Corporation (NYSE: TU) reported significant growth across all its service segments, achieving 328,000 net customer additions, marking its third consecutive year of over one million mobility and fixed customer additions. This growth was driven by TELUS’ extensive broadband networks and comprehensive service bundles. Substantial gains were seen in mobile phones and connected devices, along with increases in fixed services such as internet and TV.
Financial Results Surpassing Expectations
TELUS' fourth-quarter results exceeded market forecasts, showcasing the company’s ability to stand out in a competitive environment. The company reported a basic earnings per share (EPS) of $0.24, surpassing the anticipated $0.23. Total operating revenues reached $5.4 billion, slightly above the expected $5.24 billion. While TELUS Digital saw a slight decline in operating revenues, favorable currency effects partially offset this dip. The quarterly results confirmed the success of TELUS’ strategic growth and cost management initiatives.
Ambitious Targets for 2025
For 2025, TELUS is aiming for 2% to 4% revenue growth in the TTech segment and a 3% to 5% increase in adjusted EBITDA. The company plans to maintain consolidated capital expenditures at $2.5 billion, focusing on sustaining broadband networks and strategic investments. TELUS also anticipates generating approximately $2.15 billion in consolidated free cash flow to support balance sheet strengthening. CEO Darren Entwistle emphasized strategic network investments and a commitment to continued dividend growth for shareholders.
TELUS continues to leverage strategic investments and innovative solutions to bolster its growth and performance metrics.
