Telefonica's Q1 net profit increased 79% to 532 million euros, exceeding analysts' expectations.

Spanish telecom company Telefonica's Q1 net profit surged 79% to 532 million euros ($571.47 million) on higher revenues, beating analysts' expectations of a net profit of 388 million euros out of 10.07 billion revenues. The company's adjusted EBITDA rose 1.9% to 3.21 billion euros during the quarter. Telefonica's management reiterated its expectations and targets for the full year.

May 09, 2024
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