TELUS sees healthy TV gains for Q2

Canadian operator TELUS Corp saw year-over-year revenue growth of 4.4% in the second quarter to reach $2.95 billion, while earnings increased by 7.5% to $1.07 billion. Net income also increased by a healthy 33% to $381 million.

Consolidated revenue growth was generated by both wireless and wireline operations, with wireline seeing data revenue growth of 8.7%, generated primarily by an increase in TELUS TV and high speed Internet subscribers, as well as increasing revenue per customer.

TELUS attracted a total of 80,000 net new customer connections in the quarter, including 23,000 TELUS TV subscribers and 15,000 high speed Internet customers.

Overall, TELUS TV subscribers are up 16% year-over-year to reach 865,000.

“Our strong second quarter results were characterised by growth in revenue, EBITDA and free cash flow, supported by 80,000 net new subscriber additions and continued leading customer loyalty with a record monthly post-paid wireless churn rate of 0.90%,” said Darren Entwistle, TELUS executive chair. “On the back of these robust results, we continued to demonstrate our commitment to returning capital to shareholders through our dividend increases and stock repurchases, which this year have totalled $1.1 billion to the end of July. On an absolute basis, or on a relative basis with our global peers, TELUS continues to drive industry-leading results.”

Leave a Reply