Telefonica reports 9M revenues of EUR35.8bn; net income surges 11.6%

31 Oct 2018

Telefonica Group has reported revenues of EUR35.8 billion (USD40.7 billion) for the nine months ended 30 September 2018, down 7.9% year-on-year on a reported basis. OIBDA for 9M18 decreased 2.0% to EUR12.0 billion, while operating income for the period under review climbed 6.0%, to EUR5.5 billion. Net income attributable to equity holders of the parent company was reported at EUR2.7 billion for 9M18, up 11.6% on an annualised basis.

In operational terms, Telefonica reported consolidated mobile accesses of 270.730 million at 30 September, of which 111.529 million were LTE users. In addition, the Spanish group reported 22.088 million internet and data users, 35.414 million fixed line accounts and 8.845 million pay-TV subscribers.

Jose Maria Alvarez-Pallete, executive chairman at Telefonica, commented: ‘Third quarter results reflect the solid execution of our strategic priorities. To begin with, both high-value customers and their average revenue continued increasing, with a strong level of net additions in mobile contract (including the best figure for Spain over the last ten years), LTE, fibre and pay-TV. More and higher-value customers, coupled with stable churn rates, translates into higher business sustainability.’

Spain, Telefonica