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- Telefonica SA (NYSE:TEF) reported third-quarter revenue growth of 11.2% year-on-year to €10.34 billion.
- The strong growth in revenues in the third quarter was driven by double-digit increases in Brazil (+29%) and Hispam (+18.2%), as well as in Spain (+0.2%) and Germany (+6%).
- Telefónica Tech’s revenues grew 68.6% Y/Y to €386 million.
- At the end of the third quarter, Telefónica’s access base stood at 383.5 million, 5% more than a year earlier, with a growth of 17% in high-value accesses such as fiber and 8% in mobile contracts.
- Revenue grew 3.8% Y/Y on an organic basis.
- OIBDA grew 3.1% Y/Y on an organic basis.
- Telefonica doubled its free cash flow to €1.13 billion.
- Telefonica confirmed the 2022 dividend of €0.30 to be paid entirely in cash.
- Price Action: TEF shares traded higher by 4.39% at $3.57 in the premarket on the last check Friday.
- Photo Via Wikimedia Commons
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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