Hellenic Telecommunications Organization S.A. Q3 2026 Earnings Recap

OTE reported 5% year-on-year revenue growth in the third quarter, with management citing accelerating EBITDA growth and continued momentum in mobile and FTTH. The stock rose 1.5% after earnings, a roughly flat reaction that suggests a measured market response rather than a clear positive or negative verdict.

Key Takeaways

• Revenue, adjusted for the anticipated phaseout of certain near-zero-margin international wholesale activities, increased 5% year-on-year in Q3; growth was 8.4% for the first nine months.
• Including data communications, fixed retail service revenues grew 2.9% year-on-year, while fixed retail service revenues excluding data communications were slightly lower in Q3 and broadly stable over nine months.
• Broadband base was broadly stable versus a year ago; FTTH utilization rose on customer additions in both retail and wholesale, and Pay-TV surpassed 800,000 customers.
• Mobile saw continued migration from prepaid to postpaid, higher demand for data services, and another quarter of growth in overall mobile base ARPU.
• System Solutions delivered what management described as a solid quarter, with the Recovery and Resilience Facility deployment cycle mostly complete; management reiterated its ambition for solid double-digit full-year growth.