Q3 2025 Orange SA Earnings Call Transcript
Key Points
- Orange SA (ORANY) reported strong Q3 results with a 3.7% growth in EBITDA, reflecting robust commercial performance across France, Europe, and the Middle East and Africa.
- The company achieved a significant milestone in France by surpassing 10 million fiber customers, marking it as the first operator in Europe to reach this level in the domestic market.
- Orange SA (ORANY) upgraded its full-year EBITDA guidance to at least 3.5%, driven by solid performance and continuous efficiency initiatives.
- The Middle East and Africa region delivered double-digit revenue growth for the 10th consecutive quarter, showcasing positive momentum.
- In Spain, the creation of the largest fiber company, Premium Fiber, in collaboration with Vodafone Spain and GIC, is expected to provide considerable benefits for the Spanish market.
- The competitive environment in France remains challenging, with sustained competition on the low end impacting mobile and fixed broadband revenues.
- Wholesale revenues in France continue to decline, affecting overall revenue growth despite strong retail performance.
- The global IT market and French macro environment present uncertainties, making it difficult to achieve the previously set guidance for Orange Business Services.
- The potential acquisition of SFR in France involves complexities and uncertainties, including regulatory approvals and the impact on leverage.
- There is ongoing speculation and uncertainty around the potential buyout of the 50% of Mass Orange that Orange SA (ORANY) does not own, with no specific timeline for resolution.
Good morning ladies and gentlemen, and welcome to Orange's Q3 2025 results conference. For your information, this conference is being recorded.
During the Q&A session, in order to ask for the floor, please raise your hand in teams. Please ensure that the mute function on your device is switched off to allow us to hear you when it is time for us to take your question.
The call today will be hosted by Crystal Edmund, CEO, and Laurel Martinez, CFO with other members of Orange's executive Committee for the Q&A session that will start after the presentation.
Thank you and let me hand over the floor to Crystal Edmund.
Good morning and thank you for joining our Q3 results presentation.
Before getting into our Q3 results, I would like to mention that last week we submitted together with BIC Telecom and Free Group Iliad, a joint non-binding offer to acquire a large part of LI activities in France in a challenging competition.
This deal would allow
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