Telefonica's Q1 Earnings Meet Estimates & Revenues Miss, Plummet Y/Y

Telefonica, S.A. (TEF) reported a first-quarter 2025 net income of €427 million, which plummeted 26% year over year. Furthermore, basic earnings per share (EPS) were €0.06 (8 cents) compared with €0.09 in the year-ago quarter. The bottom line met the Zacks Consensus Estimate.Total revenues decreased 2.9% year over year to €9,221 million ($9700 million) due to unfavorable foreign exchange rate movements. Despite this, the company achieved organic revenue growth of 1.3%, driven by strong performance in B2C (+ ...