What was Vodafone's revenue in the fiscal third quarter?

Vodafone's fiscal third-quarter revenue was 10.45 billion euros.

Why did Vodafone's revenue miss expectations?

Vodafone's revenue missed expectations due to a weak performance in Turkey, with revenue falling 14.5% in that market.

What is Vodafone's fiscal 2026 financial guidance?

Vodafone reiterated its fiscal 2026 guidance, expecting Adjusted EbitdaaL between 11.3 billion and 11.6 billion euros and adjusted free cash flow between 2.4 billion and 2.6 billion euros.

Home / Business and Economy / Vodafone Misses Revenue Target Amid Turkey Woes

Vodafone Misses Revenue Target Amid Turkey Woes

5 Feb

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Summary

Vodafone's Q3 revenue fell short of market expectations.
Weak performance in Turkey significantly impacted revenue figures.
Company reaffirms fiscal 2026 financial guidance.

Vodafone Misses Revenue Target Amid Turkey Woes

Vodafone's fiscal third-quarter revenue of 10.45 billion euros for the period ending December 31, 2025, fell below analyst expectations of 10.76 billion euros. The telecommunications giant experienced a notable decline in its Turkish operations, which historically had been a key profit driver.

Revenue in Turkey saw a reported decrease of 14.5%, amounting to 823 million euros, with service revenue declining by 13.5%. This weakness, exacerbated by the Turkish lira's performance against the euro, contrasts sharply with its previous contributions to group profits over the past 18 months. Group adjusted earnings before interest, taxes, depreciation, and amortization (EBITDAAL) experienced a slight dip to 2.82 billion euros.

Despite the revenue miss and challenges in Turkey, Vodafone confirmed its fiscal 2026 financial outlook. The company projects its Adjusted EbitdaaL to be between 11.3 billion and 11.6 billion euros. Furthermore, Vodafone anticipates adjusted free cash flow to range from 2.4 billion to 2.6 billion euros for the fiscal year 2026.