)
Deutsche Telekom (DTE) investor relations material
Deutsche Telekom Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong organic growth in FY 2025, with all segments contributing to EBITDA growth and positive momentum across key financial and operational KPIs.
Raised some Capital Markets Day (CMD) targets and confirmed commitment to delivering on strategic ambitions, despite competitive and macroeconomic challenges.
Continued market-leading customer growth, network leadership, and aggressive AI-driven transformation, including the launch of Europe's first Industrial AI Cloud and partnership with Nvidia.
Increased T-Mobile stake to 52.8%, returned €6.4 billion to shareholders, and announced a record €1 dividend and €2 billion share buyback.
Management stability reinforced with board contract extensions and advanced ESG initiatives, including achieving zero CO2 emissions (Scope 1+2).
Financial highlights
Organic service revenue grew 3.8%, EBITDA up 4.7%, free cash flow reached €19.5 billion, and adjusted EPS rose to €2 per share for 2025.
All segments contributed to EBITDA growth; T-Systems led with 14.4% organic EBITDA growth, and ex-US EBITDA grew 3.4%.
T-Mobile US delivered 10.5% service revenue growth in Q4, with 2.4 million postpaid net adds and 6.8% core EBITDA growth.
Net profit declined 14% year-on-year, mainly due to prior-year impairment reversals.
CapEx increased by €900 million, mostly in the US; free cash flow impacted by weaker dollar.
Outlook and guidance
2026 group guidance: EBITDA around €47.4 billion (+6%), free cash flow €19.8 billion, adjusted EPS €2.20 (+10% FX-adjusted).
DT ex US guides for 2.5%-3% EBITDA growth and 3% free cash flow growth in 2026.
CMD targets largely on track, but lagging in DT ex US service revenues and indirect cost ratio due to slower German growth.
2027 targets reaffirmed, including group FCF AL ~€21bn and adjusted EPS ~€2.50.
Guidance based on a 1.13 EUR/USD rate.
Next Deutsche Telekom earnings date
Next Deutsche Telekom earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
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.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage