Telefonica Q3 Earnings Beat Estimates, Sales Miss Due to FX Headwinds

Telefonica SA reported Q3 2025 net income of €271 million, a 45.1% YoY decrease. Revenues were €8.96 billion, missing estimates due to adverse foreign exchange effects. The company's Latin American operations outside Brazil have continued to simplify and divest, with the sale of units in Uruguay and Ecuador completed. Results by business units showed revenue increases in Spain and Brazil, but a decline in Telefonica Deutschland and VirginMedia-O2 UK.