TELUS reports operational and financial results for first quarter 2026
Telus said free cash flow rose 19% as it named Gopi Chande to replace Doug French after three decades with the company.
- Telus reported first-quarter profit of $136 million, down from $321 million last year, as the Vancouver-based company posted flat revenue of $5 billion amid a "dynamic" operating environment.
- Intense industry competition drove mobile phone churn to 1.35% in the first quarter, up from 1.06% a year ago, as Telus added only 12,000 net mobile subscribers, down 8,000 year-over-year.
- Free cash flow grew 19% year-over-year as the company realized approximately $115 million in annualized synergies through AI-driven automation, chief executive Darren Entwistle said.
- CFO Doug French will retire on June 30 after 30 years, succeeded by Gopi Chande, while President and CEO Darren Entwistle will retire at the end of July after 26 years.
- Analysts anticipate a potential shift in financial strategy, including asset divestitures or dividend cuts, though Telus left its dividend unchanged at 41 cents per share this quarter.
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‘Uncertainty’ weighs on Telus results, but company hopeful AI can bring new revenue
Telus Corp. reported its first-quarter profit fell amid a "dynamic" operating environment as the company says its focus remains on generating free cash flow, moderating its capital expenditures and finding
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'Uncertainty' weighs on Telus results, but company hopeful AI can bring new revenue
Telus Corp. reported its first-quarter profit fell amid a "dynamic" operating environment as the company says its focus remains on generating free cash flow, moderating its capital expenditures and finding other efficiencies.
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