Earnings release
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t November 5 , 2021 TELUSⓇ TELUS® News Release TELUS reports operational and financial results for third quarter 2021 Industry - leading total mobile and fixed customer growth of 320,000 , up 43,000 over last year , marking TELUS ' highest quarter ever Strong , high - quality mobile phone net additions of 135,000 , a 24,000 increase over the prior year driven by industry - leading mobile phone churn ; record connected device net additions of 110,000 , up 23,000 year - over - year Robust wireline customer net additions of 75,000 , powered by world - leading customer loyalty in combination with TELUS ' PureFibre network , including sustained momentum on accretive copper - to - fibre migrations as TELUS continues to successfully execute on its accelerated broadband expansion plan Continued strong operating momentum in TELUS International and TELUS Health , with double - double digit revenue growth driven by a combination of robust organic customer growth and acquisitions Consolidated revenue and EBITDA growth of 6.8 and 7.1 per cent , respectively , alongside net income expansion of 11.5 per cent , demonstrating strong and consistent operational execution , powered by a leading asset mix , combined with superior product offerings and client service excellence Quarterly dividend increased to $ 0.3274 per share , up year - over - year by 5.2 per cent as TELUS continues to execute on its leading , multi - year dividend growth program , supported by healthy cash flow generation and our robust capital structure Vancouver , B.C. - TELUS Corporation today released its unaudited results for the third quarter of 2021 . Consolidated operating revenues and other income increased by 6.8 per cent over the same period a year ago to $ 4.3 billion . Earnings before interest , income taxes , depreciation and amortization ( EBITDA ) increased by 7.6 per cent to $ 1.5 billion while Adjusted EBITDA increased by 7.1 per cent to $ 1.6 billion . This growth reflects : ( i ) higher internet and third - wave data service margins , as well as other fixed data service margins , resulting from subscriber base growth and expanded services ; ( ii ) growth in network revenue from increases in our mobile phone and connected devices subscriber bases ; ( iii ) growth in mobile equipment margins ; ( iv ) an increased contribution from our Digitally - led customer experiences - TELUS International ( DLCX ) segment from customer growth , including business acquisitions , and increased depth and breadth of services offered to its existing customers ; and ( v ) lower bad debt expense . This growth was partly offset by lower legacy fixed voice and legacy fixed data services and higher employee benefits expense . 1