Telefónica, S.A. Form 6-K Summary (Q3 2025 Results)

Telefónica reports sustained organic growth despite FX headwinds and perimeter changes.

Financial Highlights (9M 2025)

• Revenue: Organic growth +1.1% (€26,970M reported, -2.8% YoY). Service revenue organic growth +1.3%.
• EBITDA: Organic growth +0.9% (€8,938M reported).
• FCF from continuing operations: Severely reduced to €414M (-68.0% YoY).
• Guidance: Operational guidance is on track, but 2025 FCF expected lower (~€1.9bn) due to timing shifts in litigation cash inflows and accelerated H