Telus Q3 service revenue slips as digital segment weakens
Telus reported a 1% year-on-year drop in Q3 service revenue and a 33% fall in adjusted EPS, while reaffirming its 2026 guidance, according to Reuters.
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what happened
Canadian telecom provider Telus reported that its Q3 service revenue declined 1% year on year as its digital segment weakened, Reuters said. Adjusted EPS fell 33% and adjusted net income dropped 32%.
The weakness at TELUS Digital reflects lower service volumes from two hyperscale clients and ramp-downs in trust and safety work and AI and data solutions. Prior-year real estate gains and other one-time items also weighed on results. The company additionally booked a non-cash goodwill impairment of C$800 million for TELUS Health, citing updated growth expectations and an active divestiture process.
Telus also launched an efficiency program targeting annualized cash savings of about C$900 million by the end of 2028. The company kept its 2026 outlook, with capital expenditures of about C$2.6 billion and free cash flow of about C$1.8 billion.
why it matters
Investors will be watching the timing of the TELUS Health sale and how quickly the efficiency program can offset pressure on profits in the digital business.
market impact
Telus shares: weak earnings and goodwill write-down weigh on the stock
- Telus shares pressure down — weak results and goodwill impairment on falling profit
tags
instruments
sources
- Canada's Telus Q3 service revenue falls on digital weakness — Reuters, 6 November 2026 at 11:52 UTC
- Canada's Spectral Medical Q3 revenue falls on service decline — Reuters, 6 November 2026 at 12:14 UTC
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