Telefónica recovers losses and earns 464 million until September

Telefónica reported a net profit of 464 million euros for the first nine months of 2026, recovering from a loss of 1.08 billion euros in the same period of 2025. The company's total revenue decreased by 7.5% to 24.825 billion euros, primarily due to divestments in Latin America. However, ongoing operations showed a 21.6% increase in net profit to 1.333 billion euros. The adjusted EBITDA rose by 4.6% to 8.846 billion euros, marking the highest growth in a decade. Telefónica also reduced its net debt by 1.6 billion euros, leading to revised financial targets for 2026, including an EBITDA growth forecast above 2.5%. The company plans to distribute a dividend of 0.15 euros per share and aims for a service revenue increase of around 1.5%.