---
title: "Key facts: Telefonica forecasts €3B cash flow by 2026; Q4 revenue rises"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276815235.md"
description: "Telefonica (TEF) expects free cash flow of about 3 billion euros in 2026, a 45% rise from nearly 2 billion euros in 2025, due to reduced capital needs and improved efficiency.1In Q4, Telefonica's revenue rose to 9.17 billion euros, while adjusted EBITDA increased to 3.20 billion euros. However, the net loss widened to 3.24 billion euros due to impairments.23Telefonica is restructuring in Spain and investing in fiber and digital sectors to boost its growth potential.4"
datetime: "2026-02-25T02:04:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276815235.md)
  - [en](https://longbridge.com/en/news/276815235.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276815235.md)
---

# Key facts: Telefonica forecasts €3B cash flow by 2026; Q4 revenue rises

-   Telefonica (TEF) expects free cash flow of about 3 billion euros in 2026, a 45% rise from nearly 2 billion euros in 2025, due to reduced capital needs and improved efficiency.1
-   In Q4, Telefonica's revenue rose to 9.17 billion euros, while adjusted EBITDA increased to 3.20 billion euros. However, the net loss widened to 3.24 billion euros due to impairments.23
-   Telefonica is restructuring in Spain and investing in fiber and digital sectors to boost its growth potential.4

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