Vodafone Q3 revenue rises 6.5%, driven by Europe and Africa

Vodafone

05/02/2026 07:08

Overview

Telecommunications provider's Q3 revenue grew 6.5% to €10.5 bln, driven by Europe and Africa

Adjusted EBITDAaL for Q3 increased 2.3% on organic basis, in line with guidance

Company completed €3.5 bln share buybacks, new €500 mln tranche announced

Outlook

Vodafone expects FY26 Adjusted EBITDAaL at upper end of €11.3-11.6 bln

Company plans FY26 dividend per share growth of 2.5%

Vodafone Türkiye to launch 5G services during 2026

Result Drivers

AFRICA GROWTH - Strong service revenue growth in Africa, with financial services accelerating, contributed significantly to results

UK INTEGRATION - Integration of Three UK and Telekom Romania assets supported revenue growth, offset by foreign exchange movements

GERMANY REVENUE - Service revenue in Germany grew 0.7%, aided by higher wholesale revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
EUR 10.50 bln
Q3 Adjusted EBITDAaL
EUR 2.80 bln
Q3 Operating Profit
EUR 500 mln
Q3 Service Revenue
EUR 8.50 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 6 "hold" and 6 "sell" or "strong sell"

The average consensus recommendation for the wireless telecommunications services peer group is "buy."

Wall Street's median 12-month price target for Vodafone Group PLC is GBp100.00, about 12.5% below its February 4 closing price of GBp114.35

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nRSE7801Ra

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)