Deutsche Telekom (DTE GY) Q4 2025 (EUR): Revenue 31.72bln (exp. 31.28bln), Adj. EBITDAaL 10.83bln (exp. 10.72bln), sees FY26 Adj. EBITDAaL around 47.4bln (exp. 51.4bln)

• Revenue 119.1bln (exp. 118.6bln)
• Adj. EBITDA 44.2bln (exp. 49.3bln)

• US: T-Mobile US reported impressive growth in its customer numbers and financial performance indicators for both the closing quarter and full-year 2025.
• Europe: The national companies in Europe closed out the year with extremely good financial performance indicators

Deutsche Telekom reported better-than-expected Q4 revenue and adjusted EBITDA, indicating solid performance against expectations. However, the FY26 adjusted EBITDA outlook fell short of consensus, which could raise concerns about future growth momentum. Watch for potential market reactions as the optimism in Q4 contrasts with the caution in longer-term guidance, which may impact investor sentiment.