Telia Q2 Revenue Flat, Adjusted EBITDA Surpasses Expectations

Telia's Q2 revenue fell 2.0% to SEK 19.8bn, in line with expectations. Adjusted EBITDA exceeded forecasts at SEK 7.97bn, up 2.9% YoY, and the adjusted EBITDA margin increased to 40.3%. The results beat expectations, with a consensus of SEK 7.83bn and a margin of 39.3%.

Stockholm, July 2, 2025 — Telecom giant Telia has released its second-quarter (Q2) financial results, with revenue and earnings showing a mixed performance. The company's revenue fell by 2.0% to SEK 19.8 billion, in line with market expectations [2]. However, adjusted EBITDA exceeded forecasts at SEK 7.97 billion, marking a 2.9% year-over-year (YoY) increase and a significant improvement over the consensus estimate of SEK 7.83 billion [2].

The adjusted EBITDA margin improved to 40.3%, up from 39.3% in the same period last year, and surpassing the consensus margin of 39.3%. This margin increase is a positive sign for Telia's operational efficiency and cost management.

The results come as Telia is in the process of selling its stakes in Latvian companies Tet and LMT. The company cited a complex ownership structure as the reason for the sale, which is expected to be completed by the end of 2026 [1]. Potential buyers include the Latvian state, energy company Latvenergo, and data storage company LVRTC.

Telia's share price has been volatile in recent quarters, with the stock experiencing significant fluctuations in response to the company's financial performance and strategic decisions. The recent results are expected to influence investor sentiment and market expectations for the remainder of the year.

References:
[1] https://swedenherald.com/article/telia-to-sell-latvian-stakes-in-tet-and-lmt
[2] https://www.marketscreener.com/quote/stock/TELIA-COMPANY-AB-6491092/news/Telia-Expected-to-Report-SEK-7-827-Million-in-Adjusted-EBITDA-Modular-50500200/