BT Group (BTA) Q3 2026 TU earnings summary

Executive summary

• Achieved record full fibre connections, with FTTP now reaching 21.4 million premises and 5.9 million in rural areas, maintaining the fastest build pace in Europe.

• 5G+ network coverage expanded to 69% of the UK population, with 5G base up 10% year-over-year to 14.3 million.

• Customer satisfaction reached an all-time high, with Net Promoter Score (NPS) at 31.4, up 2.1 points year-over-year.

Financial highlights

• Q3 adjusted revenue was £4.98bn, down 4% year-over-year; adjusted UK service revenue was £3.84bn, down 1%.

• Q3 adjusted EBITDA was £2.08bn, down 1% year-over-year.

• Q3 reported profit before tax was £183m, down £244m, mainly due to a £214m share of losses from the Sports JV.

• For the nine months to December, adjusted revenue was £14.78bn, down 4% year-over-year; adjusted EBITDA was £6.20bn, down 1%.

Outlook and guidance

• On track to achieve full-year financial guidance, including cash flow inflection to approximately £2.0bn next year and £3.0bn by the end of the decade.

• Consumer service revenue expected to return to growth in the second half.