Spanish telecommunications company Telefónica posted a net profit of €73 million ($83 million) in the second quarter, compared to a loss of €51 million last year.
From continuing operations, net profit declined to €87 million from €262 million in the prior year.
The group's net profit for the second quarter was negatively impacted by a provision of €265 million set aside to cover the restructuring of Telefónica Deutschland. Basic earnings per share attributable to equity holders of the Parent was flat compared to last year's loss of €0.02.
Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) /increased to €2.9 billion from €2.8 billion. Adjusted basic earnings per share attributable to equity holders of the parent from continuing operations was €0.07 compared to €0.09.
In the second quarter of 2026, Telefónica generated revenue of €8.265 billion, up 3% on the second quarter of 2025 at real exchange rates.
For the first half of the year, revenue totalled €16.39 billion, up 1.7% at real exchange rates or up 0.4% at constant exchange rates. Adjusted EBITDA for the first half of the year was €5.77 billion, up 3.8% at real exchange rates or up 2.3% at constant exchange rates.
The Group stated that it is on track to meet all its financial targets for 2026.
At previous close on Bolsa de Madrid, Telefónica shares were trading at €3.73, up 1.89%.
