Telefonica reported a net loss of 3.24 billion euros for the fourth quarter of last year, a significant increase from the 1.0 billion euro loss in the same period a year prior.
This widened loss was partly attributed to impairments and asset disposal losses totaling approximately 255 million euros, including noncash goodwill impairments in Telefonica Tech and its Chilean subsidiary. Despite the net loss, the company's adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) rose to 3.20 billion euros from 3.13 billion euros, with a corresponding margin increase to 34.9% from 34.4%.
Revenue saw a slight increase to 9.17 billion euros from 9.11 billion euros, driven by growth in Spain and Brazil. The company declared a dividend of 30 European cents per share, unchanged from the previous year.
For 2026, Telefonica anticipates revenue and adjusted Ebitda growth of 1.5% to 2.5%, and projects free cash flow of around 3.0 billion euros.
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