Telefonica Raises 2026 Profit and Cash Flow Targets
Telefonica upgraded its 2026 core profit and free cash flow targets following stronger third quarter growth and lower debt. The telecom group reported higher earnings despite reducing its full year revenue growth forecast.
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TELEFONICA SA raised its 2026 core profit and free cash flow targets, reporting a third-quarter EBITDA increase to €3.08B ($3.4B) alongside reduced leverage. The telecom operator upgraded its profitability outlook despite scaling back its full-year revenue growth forecast to a range of 1% to 1.5%. The adjustments reflect an ongoing push to translate cost efficiencies and a simplified operating model into debt reduction across Spain, the United Kingdom, Brazil, and Germany.
