Telecoms operators’ financial performance: key trends from the 12 months to 3Q 2025

In this episode, Tom Rebbeck, Partner and expert in telecoms services, and Jonathan Daniel, Analyst, discuss the latest trends across financial KPIs. They examine how revenue, EBITDA, capex and operating cashflow have evolved over the 12 months to 3Q 2025 and highlight the most notable shifts in operators’ financial performance.

Read the related report: Operators’ financial KPIs: trends and analysis.

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Hear from:

Tom Rebbeck

Partner, expert in TMT consumer and business services

Jonathan Daniel

Analyst