Core Insights - Telefonica, S.A. reported a significant decline in net income for Q3 2024, dropping 98.1% year over year to €10 million, although basic EPS increased slightly to €0.1 from €0.09, surpassing estimates by 50% [1][2] Financial Performance - Quarterly revenues decreased by 2.9% year over year to €10,023 million ($11,061 million), but still beat the Zacks Consensus Estimate by 0.1%. Currency fluctuations negatively impacted revenues by €429 million [2] - Adjusted EBITDA for the quarter was €2,946 million, down 11.5% year over year, with operating income falling 30.1% to €740 million [9] Business Unit Performance - **Telefonica Espana**: Revenues increased by 1% year over year to €3,182 million, with adjusted EBITDA growing 1% to €1,155 million, supported by high customer satisfaction and low churn rates [3] - **Telefonica Deutschland**: Revenues declined by 1.6% to €2,131 million, with a 33.1% adjusted EBITDA margin. CapEx rose by 6.3% to €332 million [4] - **VirginMedia-O2 U.K.**: Revenues fell by 0.7% to €3,197 million, with an adjusted EBITDA margin of 36.6% and CapEx increasing by 0.6% to €665 million [4] - **Telefonica Brasil**: Revenues decreased by 6.4% to €2,308 million, with adjusted EBITDA declining by 5.9% to €1,030 million, significantly impacted by currency depreciation [5] - **Telefonica Infra (Telxius)**: Connected 24 million premises with fibre, with a 12% increase in traffic and a profitability ratio of 48.9% [6] - **Telefonica Tech**: Reported a revenue growth of 9.5% year over year to €1,453 million, with quarterly revenues increasing by 6.3% to €470 million, driven by significant private-sector contracts [7] - **Telefonica Hispam**: Revenues decreased by 6.2% to €2,100 million, with an adjusted EBITDA margin of 17.9% [8] Cash Flow and Liquidity - For the nine months ended September 30, 2024, net cash from operating activities was €7,120 million, down from €8,238 million in the previous year, with free cash flow totaling €1,030 million [10] - As of September 30, 2024, the company had €6,325 million in cash and cash equivalents, alongside €32,180 million in non-current financial liabilities [11] 2024 Outlook - The company expects revenue growth of approximately 1% and EBITDA growth of 1% to 2%. The CapEx-to-sales ratio is projected to be up to 13%, with free cash flow growth anticipated to exceed 10% [12]

Telefónica, S.A. (NYSE: TEF ) recently reported Q3 earnings . So, I wanted to go over the main points in the report and give some comments on where the company can potentially go in the future. A lot of the company's revenuesMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to ...

Group 1 - Millicom's subsidiary Telefónica Celular del Paraguay S.A.E. plans to redeem $150 million of its 5.875% Senior Unsecured Notes due 2027 on September 23, 2024 [1] - The redemption price will be 100% of the principal amount plus accrued and unpaid interest [1] - A notice of redemption will be sent to the holders of the Notes as per the indenture requirements [1] Group 2 - Millicom is a leading provider of fixed and mobile telecommunications services in Latin America, employing approximately 15,000 people and serving over 45 million customers [3] - The company offers a variety of digital services, including mobile financial services, local entertainment, pay TV, and business solutions [3] - Telefónica Celular del Paraguay S.A.E. is a wholly-owned subsidiary of Millicom, employing around 3,100 people and providing mobile telephony, cable, and broadband internet services in Paraguay [4]

Telefónica, S.A. (TEF) stock has risen 12% in the past six months, outperforming the sub-industry and S&P 500's growth of 2.7% and 10.7%, respectively. TEF's stock has outperformed some of its peers in the industry in the past six months. While TELUS Corporation (TU) and BCE Inc (BCE) shares have dropped 7.4% and 5.1%, respectively, shares of Deutsche Telekom AG (DTEGY) have moved up 19.2%. Image Source: Zacks Investment Research Improving financial performance is behind the stock price surge. Telefonica re ...

idal/iStock via Getty Images Dear readers/followers To say that Telefonica (NYSE:TEF) is my "best" or most qualitative telecommunications investment would be a bit of an overstatement and exaggeration. I would say that Telefonica has been a decent investment, with a good yield, and good further potential for outperformance. It's important to understand here that different investments I make have different goals and overall targets for how they are positioned in my portfolio. Telecommunications are investmen ...

Operator Please standby, your conference will resume shortly. [Technical Difficulty] Jose Maria These, coupled with our focus on execution and combined with further wholesale and consolidation opportunities will allow us to keep building on our momentum and demonstrating the continued success of our strategy. Thank you very much for listening. We're now ready to take your questions. Question-and-Answer Session Operator [Operator Instructions] Our first question comes from the line of Andrew Lee from Goldman ...

Telefónica, S.A. (TEF) is enhancing its commitment to sustainability through its Circular Economy Plan, leveraging 'VICKY,' a blockchain-based platform. Since the launch of the platform five years ago, Telefónica has successfully repurposed more than 19 million routers and set-top boxes across all its operations. VICKY, Telefónica's innovative supply chain management system for external equipment such as routers and set-top-boxes, significantly enhances plant and warehouse visibility. It not only reduces le ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performan ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on ke ...

The two companies will deploy SHARK.X, an open, hybrid and multi-cloud hardware and software platform specialized in analytics, data management and AI Telefónica Tech and IBM will create a use case office to develop customer pilots The new collaboration agreement will promote training and education actions to develop and scale digital transformation projects in the business sector and public administration based on these technologies Technology and co-creation to provide answers to real business needs IBM C ...