Business

TELUS (TU) Q4 Earnings Miss Estimates, Revenues Rise Y/Y


Network revenues increased 1.5% to C$1,531 million, reflecting 5.5% growth in the subscriber base over the last 12 months, partly offset by declining mobile phone ARPU.


The segment’s adjusted EBITDA of C$911 million increased 6.9% over the same period a year ago, reflecting higher network revenue growth driven by a larger subscriber base, savings from cost efficiency programs and the implementation of IFRS 16.


This was driven by increased contribution from higher Internet margins and expansion in CCBS business from additional services for existing customers.


This reflects increased wireless network revenues, growth in wireline data service margins, a higher EBITDA contribution from CCBS and health businesses.


The company intends to continue generating subscriber growth in its key segments, including wireless, Internet, TV, as well as home automation and security.


A few better-ranked stocks in the broader sector are Splunk Inc. SPLK, Alteryx, Inc. AYX and Atlassian Corporation Plc TEAM, each sporting a Zacks Rank #1 (Strong Buy).






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