Telefónica cuts H1 loss 75% and posts revenue growth
Telefónica reported first‑half 2026 revenue of €16.392 billion, up 1.7% year‑on‑year, driven mainly by Spain and Brazil. Adjusted EBITDA reached €5.768 billion, a 3.8% increase. The company posted an attributable net loss of €338 million, a 75% reduction from the €1.355 billion loss in the same period of 2025. The loss reflects a €1.001 billion impact from the sale of its Chile operation and a €265 million provision for the restructuring of its German subsidiary. Excluding these extraordinary items, continuing‑operations profit was €474 million. Telefónica confirmed a dividend of €0.15 per share for 2026 and raised its adjusted operating cash‑flow target after leases to growth above 3% for the year. The results were positively received by analysts, who noted solid performance across key markets and the company’s raised cash‑flow outlook.
Entities: Brazil · Chile · Germany · Marc Murtra · MasOrange · Meinrad Spenger · Orange Group · Spain · Telefónica Chile · Telefónica SA
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 4 SOURCES] The H1 loss includes a €1.001 billion impact from the sale of Telefónica Chile and a €265 million provision for the restructuring of its German subsidiary. (Telefónica)
- [● 2 SOURCES] Telefónica confirmed a dividend of €0.15 per share for 2026. (Telefónica)
- [● 10 SOURCES] Telefónica revenue in the first half of 2026 was €16.392 billion, up 1.7% year‑on‑year. (Telefónica)
- [● 6 SOURCES] Telefónica posted an attributable net loss of €338 million in the first half of 2026, a 75% reduction from the €1.355 billion loss in the same period of 2025. (Telefónica)
- [○ 1 SOURCE] Telefónica's net financial debt fell 8.4% in the first half of 2026. (Telefónica)
- [● 5 SOURCES] Telefónica raised its adjusted operating cash‑flow target for 2026 to above 3% growth. (Telefónica)
- [● 9 SOURCES] Adjusted EBITDA for the first half of 2026 was €5.768 billion, a 3.8% increase year‑on‑year. (Telefónica)
- [● 3 SOURCES] Excluding extraordinary items, continuing‑operations profit was €474 million in the first half of 2026. (Telefónica)