11/10/2022, 7:03 AM (Source: TeleTrader)
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Deutsche Telekom Q3 revenue up 8.8% to €29B

Deutsche Telekom AG revealed on Thursday that its net revenue for the third fiscal quarter of the fiscal year amounted to €29 billion, an increase of 8.8% year on year. Net profit soared by 77.5% to come at €1.6 billion, while the company's adjusted net profit surged by 83.6% to come in at €2.4 billion for the corresponding quarter.

Meanwhile, adjusted EBITDA recorded a growth of 8.6% compared to the same period last year, landing at €10.5 billion. Adjusted earnings per share improved by 77.8% year on year, recording €0.48 for the fiscal year.

The report revealed that the United States operating segment contributed to the upbeat financial results, followed by strong performance in the German segment. The company revised up its full-year guidance, adding that it expects its EBITDA AL to surpass previous estimates, coming in at over €37 billion.

Baha Breaking News (BBN) / AB