The earnings call reflects a strong performance with significant EBITDA growth in the Nordics and a positive outlook for earnings. However, challenges in Asia and increased CapEx expectations present some concerns. The positive highlights, particularly in the Nordic segment, outweigh the lowlights, suggesting a strong strategic position and promising outlook.

Company Guidance -

Q3 2025

In the second quarter of 2025, Telenor reported strong results, with notable metrics including a 16.1% EBITDA growth in Norway and a 12.5% EBITDA growth across the Nordics, driven by an effective transformation program and strategic expansions. The company raised its EBITDA guidance for the Nordics to high single-digit growth and for the group to mid-single-digit growth, while maintaining its top line, CapEx, and free cash flow outlook for the year. Adjusted EPS grew by 33%, supported by a robust performance in both the Nordic and Asian markets. In the Nordics, service revenue growth rebounded to 3.7%, supported by ARPA growth and positive subscriber developments in Sweden, Denmark, and Finland. Telenor also announced strategic expansions, including acquiring GlobalConnect's consumer fiber business in Norway and planning significant fiber investments in Finland. In Asia, Telenor's businesses continued to perform well despite macroeconomic challenges, with a notable 28% EBITDA growth in Pakistan. Overall, Telenor's strong operational performance in a challenging geopolitical environment highlights its strategic focus on customer experience and operational efficiency.

Strong EBITDA Growth in the Nordics

Telenor experienced a 12.5% EBITDA growth in the Nordics, with Norway contributing a 16.1% increase, a level not seen for over a decade. This was driven by strategic initiatives and operational efficiencies.

Increased EPS

Adjusted EPS grew by 33% in the quarter, reflecting strong EBITDA performance and contributions from associates and joint ventures.

Positive Developments in Asia

Despite a challenging environment, True Corp in Thailand reported positive net profit, and Grameenphone in Bangladesh executed well, contributing positively to the overall results.

Acquisition of GlobalConnect's Consumer Fiber Business

Telenor announced the acquisition of GlobalConnect's consumer fiber business in Norway for NOK 6 billion, increasing their fiber market share from 22% to 29%.

Raised EBITDA Guidance

Due to strong first-half performance, Telenor raised the EBITDA growth outlook for the Nordics to high single digits and for the group to mid-single digits.

Telenor ASA (TELNY) 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

Daily Earnings Calendar >

TELNY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.24 / -	0.208	―	―	―
Jul 18, 2025	2025 (Q2)	0.20 / 0.22	0.17	28.82% (+0.05)
May 06, 2025	2025 (Q1)	0.16 / 0.19	0.763	-75.10% (-0.57)
Feb 06, 2025	2024 (Q4)	0.12 / 0.13	-0.521	123.99% (+0.65)
Oct 30, 2024	2024 (Q3)	0.18 / 0.21	0.171	21.64% (+0.04)
Jul 18, 2024	2024 (Q2)	0.15 / 0.17	0.07	142.86% (+0.10)
Apr 30, 2024	2024 (Q1)	0.14 / 0.76	-0.041	1960.98% (+0.80)
Feb 07, 2024	2023 (Q4)	0.12 / -0.52	0.303	-271.95% (-0.82)
Oct 25, 2023	2023 (Q3)	0.16 / 0.17	0.096	78.13% (+0.08)
Jul 20, 2023	2023 (Q2)	0.15 / 0.07	-0.081	186.42% (+0.15)

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

TELNY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 18, 2025	$15.60	$16.03	+2.76%
May 06, 2025	$14.80	$14.97	+1.15%
Feb 06, 2025	$12.10	$12.27	+1.40%
Oct 30, 2024	$11.70	$12.32	+5.30%

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 Telenor ASA (TELNY) report earnings?

Telenor ASA (TELNY) is schdueled to report earning on Oct 29, 2025, Before Open (Confirmed).

What is Telenor ASA (TELNY) earnings time?

Telenor ASA (TELNY) earnings time is at Oct 29, 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 TELNY EPS forecast?

TELNY EPS forecast for the fiscal quarter 2025 (Q3) is 0.24.

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