Telefónica Reports Q1 Revenue and Guidance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
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Source: seekingalpha
- Stable Revenue Performance: Telefónica reported Q1 revenue nearly flat at €8.13 billion, reflecting modest organic growth amidst ongoing portfolio restructuring and divestments, indicating the company's stability in the market.
- Segment Growth Variance: B2C revenue rose 1.5% year-over-year to €4.81 billion, accounting for 59% of total revenue; B2B revenue increased 5.7% to €1.93 billion, representing 24%; however, wholesale revenue declined 7.4% to €1.39 billion, highlighting performance disparities across business lines.
- EBITDA and Net Income: Adjusted EBITDA rose to approximately €2.84 billion, with adjusted net income from continuing operations reaching €482 million, despite a loss from discontinued operations totaling €798 million due to divestments in Chile, Colombia, and Mexico, resulting in a group net loss of €411 million.
- Guidance Confirmation: Telefónica confirmed its full-year 2026 guidance, which includes organic revenue growth of around 1%-2%, broadly stable adjusted EBITDA growth, capex at approximately 12%-13% of sales, and continued improvement in free cash flow, demonstrating the company's confidence in future performance.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
