Telefonica Slips To Loss In Q4 - Quick Facts

(RTTNews) - Telefonica reported that its fourth quarter net loss attributable to equity holders of the parent was 2.15 billion euros compared to net income of 525 million euros in the prior year. Basic loss per share was 0.39 euros compared to earnings per share of 0.08 euros in the prior year.

In underlying terms, net income was 730 million euros in the fourth quarter, a decline of 5.5% year-over-year, after excluding - 1.15 billion euros of restructuring and -1.734 billion euro of other impacts, including the goodwill impairment in VMO2.

Underlying earnings per share were 0.12 euros compared to 0.13 euros in the previous year.

Quarterly revenue declined 0.5% year-over-year to 10.15 billion euros.

For fiscal year 2024, the company projects revenue growth to be about 1% year-over-year, EBITDA 1% to 2% growth year-over-year.

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