Q3 2024 Telus Corp Earnings Call Transcript
Key Points
- TELUS Corp (TU) achieved industry-leading customer growth with 347,000 total net additions in Q3 2024.
- The company reported a strong TTech EBITDA growth of 5.6%, reflecting successful efficiency programs.
- TELUS Corp (TU) maintained industry-best loyalty with postpaid mobile phone churn below 1%.
- TELUS Health and TELUS Agriculture & Consumer Goods segments showed significant revenue and EBITDA growth.
- The company continues to drive innovation with new product launches like TELUS Smart Energy and TELUS Home View.
- Mobile ARPU declined by 3.4% year-over-year due to competitive pricing and lower roaming revenues.
- TELUS Digital faced challenges with a 4.4% decline in revenue year-over-year due to macroeconomic pressures.
- The company increased its restructuring costs to approximately $450 million to offset industry pricing pressures.
- TELUS Corp (TU) expects its TTech financial target for operating revenue to be slightly below the lower end of its original target range.
- The competitive environment remains intense, impacting both wireless and wireline segments.
Good day. Welcome to the TELUS 2024 Q3 earnings conference call. I would like to introduce your speaker, Mr. Robert Mitchell. Please go ahead.
Hello, everyone. Thank you for joining us today.
Our third-quarter 2024 results' news release, MD&A, financial statements, and detailed supplemental investor information were posted to our website earlier this morning. On our call today, we will begin with remarks by Darren and Doug. For the Q&A portion, we will be joined by Zainul, Navin, and Jason.
(audio playing) We're just going to take a moment.
Okay. Just carrying on our call today, we'll begin with remarks by Darren and Doug. For the Q&A portion, we'll be joined by Zainul, Navin, and Jason.
Briefly prepared remarks, slides, and answers to questions contain forward-looking statements. Actual results could vary materially from these statements, the assumptions in which they are based and the material risks that could cause them to differ are outlined in our
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