Telefónica Raises EBITDA and Free Cash Flow Outlook After Q3

Telefónica raised its adjusted EBITDA and free cash flow outlook after third-quarter 2026 revenue increased 4.8% year over year to €8.43 billion. Revenue grew 2.2% at constant exchange rates.

Adjusted EBITDA reached €3.08 billion, up 6.2% from a year earlier and 2.8% at constant exchange rates. The company also lifted its outlook for the measure and for free cash flow.

Adjusted net income declined 1% to €629 million. Adjusted earnings per share edged down 0.5% to €0.10.