Telefonica's earnings call for the first quarter of 2025 highlighted strong operational performance in its core markets such as Spain and Brazil, as well as progress in strategic simplification in Hispam. However, challenges remain with forex impacts on financial metrics and operational difficulties in the Hispam region. While there are clear positive trends in customer engagement and network expansion, the financial performance is somewhat dampened by external factors like forex and seasonality in cash flow.

Company Guidance

In the recent Telefonica results conference call for the first fiscal period of 2025, significant metrics and strategic guidance were shared. The company highlighted robust operational performance across its core markets of Spain, Brazil, and Germany, with an emphasis on customer engagement, network transformation, and efficiency. Telefonica achieved notable milestones, including a record high Net Promoter Score (NPS) and expanded fiber and 5G coverage, reaching 75% in core markets. The company also made significant strides in network virtualization and legacy service shutdowns, optimizing operations by completing the copper switch-off in Spain and shutting down 3G in Germany and 2G in Uruguay. Financially, Telefonica reiterated its 2025 guidance, expecting revenue, EBITDA, and EBITDA minus CapEx to grow organically, with a stable free cash flow similar to 2024 figures, despite forex challenges. The company reduced net debt and maintained a solid liquidity position, with its net debt to EBITDA ratio at 2.67 times. Additionally, strategic moves included the sale of operations in Argentina and Peru and a pending agreement in Colombia, highlighting the company's focus on financial flexibility and simplification. The strategic review, expected to conclude in the second half of the year, will further refine the company’s operational focus and financial strategy.

Strong Customer Engagement and Network Expansion

NPS scores reached new highs, with Spain leading the market. Fiber was rolled out to over 1.5 million premises, and 5G coverage reached 75% in core markets.

Commercial and Financial Strength in Spain

Telefonica Spain showed strong commercial momentum with customer growth in all accesses for the seventh consecutive quarter. Domestic revenue grew by 1.7% year-on-year.

Resilient Performance in Brazil

Vivo reached its largest customer base with revenue rising 6%, above inflation, driven by higher ARPU and growth in mobile contracts and fiber accesses.

Operational Efficiency in Germany

Telefonica Deutschland maintained robust commercial momentum with a stable EBITDA margin year-on-year and a 4.8% growth in EBITDA minus CapEx.

Strategic Simplification in Hispam

Completed the sale of Telefonica Argentina for €1.2 billion, and signed a binding agreement to sell Telefonica Colombia.

Positive Trends in Telefonica Tech

Telefonica Tech increased revenue by 6.6% year-on-year, with commercial activity growing and bookings up by 7%.

Telefonica (TEF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TEF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.14 / -	0.109	―	―	―
Jul 30, 2025	2025 (Q2)	0.10 / 0.08	0.108	-25.93% (-0.03)
May 14, 2025	2025 (Q1)	0.09 / 0.09	0.108	-16.67% (-0.02)
Feb 27, 2025	2024 (Q4)	0.14 / -0.20	-0.422	53.08% (+0.22)
Nov 07, 2024	2024 (Q3)	0.10 / 0.11	0.096	13.54% (+0.01)
Jul 31, 2024	2024 (Q2)	0.10 / 0.11	0.066	63.64% (+0.04)
May 09, 2024	2024 (Q1)	0.10 / 0.11	0.098	10.20% (<+0.01)
Feb 22, 2024	2023 (Q4)	0.11 / -0.42	0.127	-432.28% (-0.55)
Nov 08, 2023	2023 (Q3)	0.09 / 0.10	0.02	380.00% (+0.08)
Jul 27, 2023	2023 (Q2)	0.10 / 0.07	0.051	29.41% (+0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TEF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$5.28	$5.18	-1.89%
May 14, 2025	$4.75	$4.66	-1.89%
Feb 27, 2025	$4.33	$4.34	+0.23%
Nov 07, 2024	$4.27	$4.23	-0.94%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Telefonica (TEF) report earnings?

Telefonica (TEF) is schdueled to report earning on Nov 06, 2025, Before Open (Confirmed).

What is Telefonica (TEF) earnings time?

Telefonica (TEF) earnings time is at Nov 06, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TEF EPS forecast?

TEF EPS forecast for the fiscal quarter 2025 (Q3) is 0.14.

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