Telekom Austria (TKA) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose 4.3% to €4,260 mn; EBITDA excluding restructuring increased 3.4% to €1,692 mn and free cash flow rose 8.1% to €571 mn.

• Q3 revenue grew 4.6%, led by international markets and service revenue; EBITDA excluding restructuring increased 1.9%.

Financial highlights

• Q3 revenue was €1,465 mn (+4.6%); service revenue was €1,205 mn (+3.9%) and equipment revenue €238 mn (+11.5%).

• 9M revenue was €4,260 mn (+4.3%); service revenue rose 3.5% to €3,533 mn and equipment revenue 9.9% to €662 mn.

• Q3 EBITDA excluding restructuring was €595 mn (+1.9%) and reported EBITDA €574 mn (+2.0%); 9M figures were €1,692 mn (+3.4%) and €1,618 mn (+3.5%).

• Q3 net result was €195 mn (+1.9%); 9M net result rose 9.9% to €514 mn and EBIT increased 5.4% to €702 mn.

• 9M CAPEX increased 4.5% to €596 mn; free cash flow after new social plans rose 8.1% to €571 mn.

Outlook and guidance

• FY 2026 revenue growth guidance increased to ~4% from 2–3%, supported by CEE performance, mobile upselling, connectivity and ICT demand, and stronger equipment revenue growth.

• CAPEX guidance excluding spectrum and M&A rose to ~€850 mn from ~€750 mn, for fiber and mobile rollout in Austria and CEE, broadband rollout and IT projects.

• Guidance reflects better-than-expected Belarus currency development and equipment revenue growth, partly offset by a slower-than-expected recovery in Austrian service revenue.