OTE reports stronger Q3 earnings as fiber growth supports outlook

OTE's third-quarter results showed continued operating momentum, while management kept its full-year outlook. Reuters reported on Friday, October 30, that adjusted EBITDA after leases rose 3.1 percent year on year to 371.4 million euros in the July-to-September period.

Third-quarter momentum broadens

Mobile service revenue increased 2.0 percent to 296 million euros as customers continued moving toward higher-value postpaid contracts. OTE added 48,744 postpaid subscribers during the quarter, lifting the base to 3.2 million, according to Reuters.

Fiber growth was another key operating driver. OTE added 52,250 fiber-to-the-home customers in the quarter, bringing the subscriber base to 739,081, 45.2 percent above the year-earlier level.

Outlook stays intact

OTE reiterated its 2026 targets, including adjusted EBITDA growth of about 3 percent, capital expenditure of around 600 million euros and free cash flow after leases of approximately 750 million euros. The group also expects underlying free cash flow of 570 million to 580 million euros.

Management cautioned that fourth-quarter comparisons will be more demanding because the prior-year period benefited from exceptionally strong information and communications technology growth and mobile tariff increases. At the same time, OTE maintained its confidence in solid double-digit growth for its Systems Solutions division for the full year.

OTE stock traded at 18.81 euros on Lang & Schwarz at 13:02 CET on Saturday, November 7, 2026. Investors can follow the real-time quote of OTE stock.

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