Telus reports first-quarter profit and revenue down from year ago

Telus Corp. headquarters is seen in downtown Vancouver. THE CANADIAN PRESS/Darryl Dyck

VANCOUVER — Telus Corp. reported its first-quarter profit fell compared with a year ago as its revenue also edged lower.

The company says it earned a profit attributable to common shareholders of $136 million or nine cents per share for the quarter ended March 31.

The results compared with a profit of $321 million or 21 cents per share in the same quarter last year.

Operating revenue and other income totalled $5.01 billion, down from $5.06 billion a year earlier.

The results came as Telus says its total telecom subscriber connections for the quarter rose to 17.7 million, up from 16.7 million in the first quarter of 2025.

On an adjusted basis, Telus says it earned 23 cents per share in its latest quarter compared with an adjusted profit of 26 cents per share a year earlier.

This report by The Canadian Press was first published May 8, 2026.