Telus 1Q Profit, Revenue Fall

Dow Jones05-08

By Adriano Marchese

Telus reported a sharp drop in first-quarter profit as weaker operating income and softer revenue weighed on results.

The Canadian telecom company on Friday posted a lower net income of 144 million Canadian dollars ($105.4 million), or C$0.09 a share, down from C$301 million, or C$0.21 a share, in the comparable quarter a year ago.

Adjusted earnings were C$0.23 a share. According to FactSet, analysts were expecting C$0.22 a share.

Consolidated revenues fell to C$5.01 billion from C$5.06 billion, missing analyst forecasts for revenue to remain unchanged. Revenue benefited from a 1% growth in service revenue, but was offset by lower mobile device sales and other income.

The company added 12,000 mobile phone and 229,000 connected devices, such as wearable technology or smart home devices, in the quarter, as well as 21,000 internet customer additions. Analysts expected 19,000 new mobile phone additions.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

May 08, 2026 07:30 ET (11:30 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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