TELUS CORP
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2024 · Filed Feb 13, 2025
Contents
EX-99.4 · EBITDA – TELUS digital experience segment
EBITDA – TELUS digital experience segment
| · · · · · · · | ||||
|---|---|---|---|---|
| Years ended December 31 ($ in millions, except margins) · 2024 · 2023 · Change | ||||
| EBITDA | 598 | 709 | (15.6)% | |
| Add restructuring and other costs included in EBITDA | 61 | 65 | n/m | |
| Adjusted EBITDA1 | 659 | 774 | (14.8)% | |
| EBITDA margin2 (%) | 16.1 | 19.3 | (3.2) | pts. |
| Adjusted EBITDA margin2 (%) | 17.7 | 21.0 | (3.3) | pts. |
| 1 | For certain metrics, there are definitional differences between TELUS and TELUS Digital reporting. These differences largely arise from TELUS Digital adopting definitions consistent with practice in its industry. |
| 2 | These are non-GAAP and other specified financial measures. See Section 11.1 Non-GAAP and other specified financial measures. |
TELUS Digital EBITDA decreased by $111 million or 15.6% in 2024. TELUS Digital Adjusted EBITDA decreased by $115 million or 14.8% in 2024, while Adjusted EBITDA margin decreased 3.3 percentage points. The decrease in Adjusted EBITDA was due to an increase in operating expenses outpacing revenue growth, which was driven, in part, by higher investments in corporate initiatives, such as expansion of our commercial sales team and operational effectiveness programs, investments to develop and launch new products and services, and higher share-based compensation, partially offset by higher other income arising from the revaluation of our provisions for written put options.
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