Telefonica Core Profit Growth Picks Up Pace in Fourth Quarter
Telefonica met its annual targets as core profit rose in the final quarter. Strong results in Brazil and Spain helped offset a net loss from one-off costs.
Insights:
Telefónica, S.A. announced on February 24, 2026, that its fourth-quarter adjusted EBITDA rose 2.8% to 3.2 billion euros, a result that enabled the company to meet its annual targets. Despite this growth in core operating profit, the company recorded a full-year net loss of 4.15 billion euros. This loss was attributed to several significant one-off items that contrasted with the positive trend in recurring operating performance.
