Vodafone stock gains as turnaround strategy lifts revenue and TV push emerges

Vodafone Group stock (ISIN GB00BH4HKS39) is trading close to multi-year highs, with the share price around 125.60 pence on the London Stock Exchange as of September 7, 2026, up about 2.7 percent on the day according to market data.Investing.com UK This strength reflects investors' response to a multi-year turnaround strategy and to new plans for a UK TV offering that aim to boost cross-selling and customer retention.Invezz

Turnaround and latest revenue figures

The most recent reported figures show that Vodafone generated revenue of 8.62 billion euros in the first fiscal quarter, up from 7.8 billion euros in the same period a year earlier, an increase of roughly 10.5 percent according to analysis from Invezz. The improvement is attributed in part to strong performance in the company’s African and Turkish operations, which have become more important growth drivers in the group’s portfolio.Invezz

Germany remains Vodafone’s largest single market, contributing about 2.7 billion euros of revenue in that first fiscal quarter, which represents growth of 1.9 percent compared with the prior-year period.Invezz In the UK, revenue reached approximately 1.98 billion euros in the same quarter, underlining that the home market is also growing on a reported basis.Invezz For investors, these figures matter because they show that the turnaround is not confined to one geography but is visible in both core European markets and faster-growing regions.

Asset sales and acquisitions reshape Vodafone’s footprint

As part of the turnaround, Vodafone has exited some lower-margin markets while strengthening positions in core territories. The company sold its operations in Italy and Spain, raising over 12 billion euros from these disposals according to Invezz. The strategic aim is to reduce exposure to highly competitive markets with weaker returns and to concentrate capital on countries such as Germany and the UK where it sees better long-term prospects.Invezz

On the acquisition side, Vodafone completed the purchase of UK mobile operator Three, combining the businesses into VodafoneThree, which now competes more directly with BT Group’s EE in the UK mobile and broadband market.Invezz Vodafone also acquired a large stake in Safaricom, Kenya’s biggest telecom company, adding to its exposure to high-growth African telecom and mobile money markets.Invezz These portfolio moves aim to rebalance the group towards markets where Vodafone believes it can achieve sustainable revenue growth and improved margins.

Cost measures and operational streamlining

Vodafone is complementing its portfolio changes with cost-saving measures, including significant layoffs designed to reduce operating expenses and support profitability.Invezz While job cuts are sensitive, they are part of a broader effort to streamline operations after years of pressure on telecom margins in Europe. For shareholders, lower cost levels can help translate revenue growth into stronger earnings, especially when coupled with more focused capital allocation following asset sales.

Operational momentum is a theme in recent coverage, where analysts point to improving revenue trends, ongoing cost discipline and the simplification of the business structure after divestments.Invezz Taken together, these developments underpin the narrative that Vodafone’s turnaround is progressing rather than being a single-step restructuring.

Planned TV offering as a new catalyst

A fresh catalyst for Vodafone stock is the company’s plan to launch a TV service in the UK, aimed at challenging existing providers such as Sky, BT and Virgin 02.Invezz According to commentary cited by Invezz, management sees a TV offering as a way to cross-sell to its fixed broadband and mobile customer bases, with an ambition to more than double broadband customers to over 4.3 million by 2034. A successful TV product could help support higher average revenue per user and reduce churn, making the broader bundle more attractive.

The plan is not without risk. Entering or expanding in TV is capital-intensive, and Invezz notes that BT Group has previously sold part of its television business to Warner Bros Discovery and is looking to sell the remaining portion. That example highlights the challenge of making TV economics work in a crowded content market. For Vodafone, the key question is whether incremental revenue and improved customer retention will outweigh the required investment and content costs.

Share price near multi-year highs and technical backdrop

On the market side, Vodafone stock has staged a strong recovery over the past two years. Technical analysis from Invezz points out that the share price has climbed from a low of 54.62 pence in 2024 to recent levels around 125.20 pence, moving close to the highest point since January 2018 and representing a gain of well over 100 percent from that low.Invezz The stock recently broke above a resistance level at 119.75 pence and is trading above both its 50-day and 100-day exponential moving averages, a configuration often interpreted as supportive of an ongoing uptrend.Invezz

The same analysis identifies a next resistance zone around 135.55 pence, corresponding to a historical high from January 2018.Invezz With the current price near 125.60 pence as of September 7, 2026, Vodafone shares are already trading close to their recent peak but still below that longer-term reference level.Investing.com UK For investors, this positioning means the stock is no longer in deep value territory yet has room to test whether the turnaround can justify a return to prior highs.

Market data: price, volume and valuation

Real-time UK market data from Investing.com UK show Vodafone Group trading at 125.60 pence with a daily gain of 2.70 percent and volume of 59.32 million shares as of September 7, 2026.Investing.com UK While the exact 52-week high and low are not detailed in the same snapshot, the broader technical summary from Invezz indicates that the share price has moved from about 54.62 pence in 2024 to highs slightly above 125 pence in recent months, placing the current level near the upper end of its multi-year range.Invezz

That combination of elevated price and high trading volume reflects strong investor interest in Vodafone’s equity story. A sustained price near the top of its historical band suggests the market is already pricing in substantial progress on the turnaround, while further advances towards the 135.55 pence resistance would likely require continued delivery on revenue growth, margin improvement and integration of recent acquisitions.Invezz

Analyst and investor perspective

The commentary from Invezz frames Vodafone as a momentum plus turnaround story, noting that the stock’s position above key moving averages and its break through resistance levels have drawn attention from traders looking for technical continuation.Invezz At the same time, long-term investors focus on whether the restructuring of the portfolio, cost measures and potential TV launch will translate into durable earnings growth and free cash flow that can support dividends or debt reduction.

Risk factors are also part of the debate. The move into TV could pressure Vodafone to invest heavily in content and platform capabilities, a step that may weigh on near-term margins if not carefully managed.Invezz Additionally, the competitive response from established players like BT, Sky and Virgin 02 could increase marketing intensity and promotional spending in UK converged offerings, making it harder for Vodafone to achieve its target of more than doubling broadband customers by 2034 without sacrificing profitability.

Product focus: UK TV and converged bundles

A representative product initiative within Vodafone’s strategy is the planned UK TV service, envisaged as part of a broader bundle that includes mobile and broadband under the VodafoneThree brand.Invezz The concept is to offer customers a single converged package covering connectivity and content, similar to what some competitors already provide, but tailored to Vodafone’s network assets and customer base. Management commentary cited by Invezz stresses that customers are asking for TV options alongside broadband, which suggests latent demand within the existing base.

If Vodafone succeeds in launching a compelling TV product, it could reinforce its positioning in the UK market by creating stickier multi-product relationships. That, in turn, could support the company’s goals for revenue per account and reduce the cost of acquiring and retaining customers over time. However, the execution risk is significant, particularly around content rights, platform usability and integration with mobile and broadband offers, so investors will watch closely how the project proceeds and how it affects the group’s capital expenditure profile and operating margins.

Stock price and investor takeaway

As of September 7, 2026, Vodafone stock is quoted at 125.60 pence on the London Stock Exchange, with a daily gain of 2.70 percent and trading volume of 59.32 million shares, according to market data from Investing.com UK. This price places the shares near their highest levels since 2018, reflecting the market’s recognition of the company’s progress on its turnaround strategy and its ambitions in converged services.Invezz For investors, the key question over the coming quarters will be whether the reported revenue growth of 10.5 percent year-on-year in the latest first fiscal quarter can be sustained while Vodafone executes its TV and broadband expansion plans and continues to integrate asset sales and acquisitions.

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