TELUS Corporation (TU) Q1 2025 Earnings Call Transcript


TELUS Corporation (NYSE:TU) Q1 2025 Earnings Conference Call May 9, 2025 1:30 PM ET

Company Participants

Robert Mitchell – Head-Investor Relations
Darren Entwistle – President and Chief Executive Officer
Doug French – Executive Vice President and Chief Financial Officer
Nazim Benhadid – Chief Technology Officer-TELUS Networks
Zainul Mawji – Executive Vice-President and President-TELUS Consumer Solutions
Tobias Dengel – President-TELUS Digital Solutions

Conference Call Participants

Stephanie Price – CIBC
Vince Valentini – TD Cowen
Jerome Dubreuil – Desjardins
Drew McReynolds – RBC Capital Markets
Maher Yaghi – Scotiabank
Benjamin Swinburne – Morgan Stanley

Operator

Good day everyone. Welcome to the TELUS 2025 Q1 Earnings Conference Call.

I would like to introduce your speaker, Mr. Robert Mitchell. Please go ahead.

Robert Mitchell

Hello everyone. Thank you for joining us today. Our first quarter 2025 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’ll begin with remarks by Darren and Doug. For the Q&A portion, we will be joined by Zainul, Nazim, Jason and Tobias.

Briefly prepared remarks, slides and answers to questions contain forward-looking statements. Actual results could vary from these statements. The assumptions in which they are based and the material risks that could cause them to differ are outlined in our public filings with Securities Commissions in Canada and the U.S. including our first quarter 2025 and our annual 2024 MD&A.

With that over to you Darren.

Darren Entwistle

Thank you, Robert [ph], and hello everyone. In the first quarter, our team’s dedication to operational excellence coupled with cost efficiency empowered TELUS to deliver another quarter of industry leading customer growth and financial performance. These results were achieved within a dynamic operating environment, demonstrating the resiliency of our business and the strength of our leading portfolio of services. Our industry best total mobile



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