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Deutsche Telekom (DTE) investor relations material
Deutsche Telekom Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 organic revenue grew 5.5% and adjusted EBITDA AL 8.0%; adjusted net profit rose 12.7% to €3.0bn.
9M revenue rose 4.1% to €90.9bn and adjusted EBITDA AL 6.4% to €35.6bn; FY26 EBITDA AL and free cash flow AL guidance increased.
Financial highlights
Q3 reported revenue increased 7.5% to €31.1bn, adjusted EBITDA AL 9.9% to €12.2bn, and adjusted net profit 12.7% to €3.0bn.
9M organic revenue grew 4.5% and service revenue 4.0%; reported service revenue rose 3.9% to €76.5bn.
9M adjusted net profit rose 10.2% to €8.4bn, while reported net profit fell 8.0% to €7.3bn, reflecting higher U.S. restructuring and integration expenses and prior-year gains.
9M free cash flow AL increased 1.7% to €16.4bn; Q3 free cash flow AL rose 1.4% to €5.70bn.
9M adjusted EPS increased 11.7% to €1.74; reported EPS was €1.51, down 6.7%.
Outlook and guidance
FY26 guidance rose to ~€47.6bn adjusted EBITDA AL and ~€20.1bn free cash flow AL; recurring adjusted EPS guidance remains €2.20.
Updated outlook implies ~6% adjusted EBITDA AL growth and ~4% free cash flow AL growth; U.S. adjusted EBITDA AL guidance increased to $36.4bn.
Ex-U.S. adjusted EBITDA AL and free cash flow AL outlook are ~€15.4bn and ~€3.7bn, respectively; Q4 capex phasing is expected to catch up.
- AI targets ~€2.5bn in 2030 savings as networks and services scale.DTE
Investor Day 2026 - Guidance raised again as organic growth and U.S. momentum drive record dividend plans.DTE
Q3 2025 - 2025 guidance raised as net profit surged 34.1% on strong U.S. growth and M&A.DTE
Q2 2025 - Upgraded 2025 guidance follows robust growth, record US gains, and improved leverage.DTE
Q2 2025 (Media) - Targets 4% annual revenue growth, €21bn free cash flow, and >11% EPS CAGR by 2027.DTE
CMD 2024 Day 1 - Revenue, EBITDA AL, and cash flow rose, with guidance and shareholder returns increased.DTE
Q3 2024 - 2024 free cash flow AL guidance raised to €19.0bn after strong growth and major US deals.DTE
Q2 2024 - Revenue and profit surged, with raised guidance and strong U.S. and European performance.DTE
Q1 2025 - Record 2024 results and strong 2025 outlook, with growth, network expansion, and shareholder returns.DTE
Q4 2024
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Frequently asked questions
German Telecommunications
Deutsche Telekom AG, headquartered in Bonn, Germany, is one of Europe's leading telecommunications companies. Established in 1995, it stemmed from the former state-owned monopoly, Deutsche Bundespost. Deutsche Telekom's operations span from fixed-line and mobile communications to internet services and IT solutions. Recognizable by its magenta-colored branding, the company has a significant presence not only in Germany but also in many parts of Europe and other global regions. Beyond its domestic market, T-Mobile, a subsidiary of Deutsche Telekom, has established a strong market presence in the U.S. telecommunications industry.
Roots in a State Monopoly
Deutsche Telekom's roots lie in the "Deutsche Bundespost," Germany's state-controlled postal and telecommunications monopoly. By the 1980s, a global trend toward deregulation and privatization prompted Germany to reevaluate this structure. In 1989, the Postreform II legislation divided the Bundespost into three entities: Deutsche Post (present-day DHL), Deutsche Telekom, and Deutsche Postbank. A pivotal moment occurred in 1995 when the company underwent an initial public offering, transforming the telecommunications company, previously owned by the state, into a publicly traded entity.
A Key Player
Deutsche Telekom AG stands as one of Europe's largest telecommunications providers, with a footprint that extends globally. The company operates across a spectrum of services: fixed-network, broadband, mobile communication, and IPTV for consumers, as well as ICT (Information and Communication Technology) solutions for business and corporate clients. Its mobile communication services are particularly noteworthy, serving millions under the well-known brand T-Mobile. T-Mobile is separately listed on the NYSE and does the majority of its business in North America while Deutsche Telekom is primarily focused on the European Market.
Not Just Phone Plans
In addition to its core telecom services, Deutsche Telekom is actively involved in cloud services, healthcare solutions, and media. The company also offers various broadband solutions catered to both private individuals and businesses. In order to grow and remain relevant, Deutsche Telekom invests in next-generation networks like 5G, ensuring both consumer and business clients receive top-tier connectivity.
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