TELUS misses top-line and bottom-line estimates; updates FY outlook

* TELUS press release [https://seekingalpha.com/pr/20298598-telus-reports-strong-operational-and-financial-results-for-third-quarter-2025] (TU [https://seekingalpha.com/symbol/TU]): Q3 Non-GAAP EPS of C$0.24 misses by C$0.03.
* Revenue of C$5.11B (+0.2% Y/Y) misses by C$90M.
* 2025 targets for TTech Operating Revenue growth, including our health segment, expected to be at the lower end of the original range with variability on mobile phone equipment revenue; targets for TTech Adjusted EBITDA, including our health segment, along with our Consolidated targets for Capital Expenditures and Free Cash Flow, remain unchanged .
*
Following TELUS' completion of the privatization of TELUS Digital and as we begin to execute our integration plan, the 2025 guidance previously issued by TELUS Digital is no longer relevant and will not be updated.

2025 Targets

Original 2025 targets

TTech Operating revenues(1)(2)

Growth of 2 to 4%

(At the lower end)

Growth of 2 to 4%

TTech Adjusted EBITDA(1)

Growth of 3 to 5%

(Unchanged)

Growth of 3 to 5%

Consolidated Free cash flow

Approximately C$2.15 billion

(Unchanged)

Approximately C$2.15 billion

Consolidated Capital expenditures(3)

Approximately C$2.5 billion

(Unchanged)

Approximately C$2.5 bil

Click to enlarge

MORE ON TELUS CORPORATION

* TELUS: 4 Themes To Watch For With Q3 Results And Beyond [https://seekingalpha.com/article/4839055-telus-stock-four-themes-watch-q3-earnings]
* TELUS: Tower Sale And Hybrids, Pulling All The Stops To Get The Debt Down [https://seekingalpha.com/article/4813226-telus-tower-sale-and-hybrids-pulling-all-the-stops-to-get-debt-down]
* Seeking Alpha’s Quant Rating on TELUS Corporation [https://seekingalpha.com/symbol/T:CA/ratings/quant-ratings]
* Historical earnings data for TELUS Corporation [https://seekingalpha.com/symbol/T:CA/earnings]
* Dividend scorecard for TELUS Corporation [https://seekingalpha.com/symbol/T:CA/dividends/scorecard]