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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Koninklijke KPN
Koninklijke KPN (KPN) investor relations material
Koninklijke KPN Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary28 Oct, 2026
Executive summary
Q3 service revenue grew 2.7% YoY, with contributions from Consumer, Business and Wholesale; the FY 2026 outlook was reiterated.
Underlying EBITDA AL grew 2.4% and YTD Operational Free Cash Flow rose 1.5% to €1,089m.
Fiber homes passed reached 6.025m, with ~75% of the retail broadband base on fiber.
Financial highlights
Q3 adjusted revenue increased 2.9% YoY to €1,498m; excluding the prior-year IPR benefit, growth was 4.2%.
Q3 adjusted EBITDA AL was €671m, down 0.1% YoY; it grew 2.4% excluding the prior-year IPR benefit.
Q3 net profit rose 5.4% to €249m; YTD net profit was €657m, up 6.9%.
YTD Free Cash Flow was €605m, down 0.1% YoY; YTD reported FCF was held back by provision changes and higher restructuring costs.
Outlook and guidance
FY 2026 outlook reiterated: service revenue growth ~1.5%, adjusted EBITDA AL ~€2.67bn, Capex ~€1.25bn and FCF >€950m.
Midterm ambitions: ~3% CAGR in service revenue and adjusted EBITDA AL, and ~7% FCF CAGR; 2027 Capex planned below €1.0bn.
Structural net indirect OpEx savings ambition: ~€20m in 2026 and €100m by 2030, versus a 2025 baseline.
Management expected service revenue growth of ~2.5% from here, with Tailored Solutions contract headwinds lapsed and prior-year IPR and IP benefits behind.
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Latest events from Koninklijke KPN
- Service revenues rose 0.8% in H1 2026, with strong cash flow and guidance reaffirmed.KPN
Q2 2026 - Revenue and profit rose, fiber leadership continued, and 2026 outlook is reaffirmed.KPNQ1 2026
- Service revenues up 1.7%, EBITDA AL up 4.4%, and free cash flow surged 67% in Q3 2025.KPNQ3 2025
- Q2 2025 saw 3.7% service revenue growth and raised full-year guidance on strong operational results.KPNQ2 2025
- 3.7% revenue growth, expanding fiber footprint, and 2024 guidance reaffirmed.KPNQ3 2024
- Q2 2024 saw 3.7% service revenue and 5.6% EBITDA AL growth, led by Consumer and Business.KPNQ2 2024
- All proposals were adopted, with strong financials, higher dividends, and major fiber investments.KPNAGM 2025
- Service revenue up 3.8% YoY, EBITDA AL up 4.7%, 2025 outlook and fiber leadership reaffirmed.KPNQ1 2025
- 2024 delivered 3.4% revenue growth, record fiber rollout, and higher shareholder returns.KPNQ4 2024
Next Koninklijke KPN earnings date
Q4 202628 Jan, 2027
Koninklijke KPN
Next Koninklijke KPN earnings date
Q4 202628 Jan, 2027
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Frequently asked questions
Koninklijke KPN N.V. is a Dutch telecommunications company providing a range of services, including fixed and mobile telephony, internet access, and television. The company serves residential, business, and wholesale customers, offering solutions in connectivity, data centers, and IT services. The company is headquartered in Rotterdam, Netherlands, and its shares are listed on Euronext Amsterdam.