Telefónica said Thursday it now sees full-year revenue growing 1% to 1.5%, down from 1.5% to 2.5%, after weaker handset demand clipped sales. Germany also leaned on results, with third quarter revenue there falling 2.9%, though management said the drop "visibly narrowed" as "easing headwinds" helped.
At the same time, the company lifted its profitability target, saying adjusted earnings before interest, taxes, depreciation and amortization should grow "slightly above 2.5%," which is the high end of the earlier band.
Spain, the main business, kept expanding and delivered its strongest adjusted Ebitda in at least 10 years, up 2.6%. Pricing on bundles did some of the work, with average revenue per user reaching €90.4 (100 dollars), largely thanks to football broadcasts.
In Germany, the Ebitda margin slipped as marketing and roaming costs increased. For multiple consecutive quarters, the unit has weighed on performance, and management plans to reshape parts of the operation, including selling two call centers.
Smart investors look beyond headlines to find tools that improve decision making. We're hosting our first ever investor livestream on 11/17 to show you how to use ChatGPT and Claude to invest like a pro, hosted by Briefs Finance CEO Jaspreet Singh. Save your seat.
Group adjusted Ebitda reached €3.08 billion in the third quarter, up 6.2% from a year earlier.
The setup is mixed. Growth cools with handsets, but guidance for profit inches up and Spain stays solid while Germany's decline narrows. The variables to watch: handset demand trends and how quickly the German revamp - including those call center sales - takes hold.
Learning how new technologies can sharpen judgment helps investors keep a steady course. On 11/17, our CEO Jaspreet Singh goes live for our first ever investor livestream on how to use ChatGPT and Claude to invest like a pro. Register to join him.
How To Use ChatGPT & Claude To Research Stocks Like A Pro
Save my seat →You’re in!
Make sure to check your inbox for the first email.
Before you go
We’re hosting our first ever livestream on how investors can use ChatGPT & Claude to invest like a pro. It’s on 11/17 and is hosted by our CEO Jaspreet Singh.
Click here to join →
