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StocksMediumUpdated×3•Originally published 12 November 2026•Updated 12 November 2026•
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Telefonica Raises 2026 Profit Outlook While Cutting Revenue Target

Key Facts

1Telefonica's Q3 core profit growth accelerated, supported by higher service revenue.

Telefonica cut its revenue target for the current year 2026 despite raising its earnings guidance. The revision to the annual outlook came as adjusted EBITDA grew 6.2% to reach €3.08 billion during the third quarter of 2026.

The company's core profit growth accelerated on the back of higher service revenue, Reuters reported. In addition to the earnings upgrade, the group raised its full-year 2026 free cash flow targets, reflecting a divergence between operational momentum and overall revenue growth pressures.

Latest Updates · 1

  1. Notable·

    Update: Telefonica reported a net profit of 464 million euros for the first nine months of 2026. The group also reduced its total debt by 10.8% to 25.1 billion euros, strengthening its balance sheet alongside the revision of its annual targets.

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