Deutsche Telekom delivers strong Q4 revenues, 2026 guidance in line

26th Feb 2026 09:15

(Sharecast News) - Deutsche Telekom beat expectations with its full-year results on Thursday, as fourth-quarter growth came in ahead of market forecasts, as the company delivered 2026 guidance in line with estimates.

The state-backed telecoms firm, whose part-owned T-Mobile US arm accounts for two-thirds of turnover, reported group revenues of €31.72bn for the final three months of 2025, up 2.5% over the year before and comfortably ahead of the company-compiled consensus forecast of €31.28bn.

Full-year revenues totalled €119.08bn, 2.9% ahead of 2024 and above the €118.66bn estimated by analysts.

However, adjusted net profit in the fourth quarter was 9.2% lower than the previous year at €2.13bn due to currency movements. That limited full-year growth to 3.7% to €9.75bn, slightly shy of the €9.80bn estimate. Adjusted earnings per share rose 5.2% to €2.00, 2 cents below consensus.

US operations added 7.8m new postpaid mobile customers during the year, 2.4m of which were added in the fourth quarter alone, up from a total of 6.1m in 2024.

"We have extended our network leadership, are improving all areas of our business through the systematic integration of artificial intelligence, and remain on course for success," said chief executive Tim Höttges. "We continue to deliver reliable and sustainable growth."

The firm is pointing to around 10% growth in the adjusted bottom line over 2026 to €2.20 per share, in line with what analysts have pencilled in.

The stock was up 0.3% at €33.75 by 1056 GMT.