Canada's Telus Q4 revenue dips, net income down 9%

Telus

12/02/2026 11:53

Overview

Canada telecom provider's Q4 revenue declined slightly compared to last year

Adjusted EBITDA for Q4 remained flat yr/yr

Net income for Q4 fell 9% yr/yr

Outlook

Telus targets 2026 service revenue growth of 2 to 4%

Company expects 2026 adjusted EBITDA growth of 2 to 4%

Telus forecasts 2026 free cash flow growth of 10% to approximately C$2.45 bln

Result Drivers

CUSTOMER GROWTH - Telus added 377,000 net customers in Q4 2025, driven by mobile and fixed service expansions, despite competitive pressures

HEALTH SERVICES EXPANSION - Growth in health services revenue was driven by acquisitions and increased demand for virtual solutions

DIGITAL SOLUTIONS - Increased adoption of digital solutions contributed to operational efficiencies and cost reductions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted Net Income
C$311 mln
Q4 Net Income
C$290 mln
Q4 Adjusted EBITDA
C$1.84 bln
Q4 EBITDA
C$1.75 bln
Q4 Free Cash Flow
C$574 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the integrated telecommunications services peer group is "buy."

Wall Street's median 12-month price target for Telus Corp is C$21.00, about 8.6% above its February 11 closing price of C$19.33

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nPn6KjG88a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)