Finance
Vodafone's performance in Germany worsens in third quarter
Published by Global Banking & Finance Review®
Posted on February 4, 2025
1 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 4, 2025
1 min readLast updated: January 26, 2026
Vodafone's Q3 results show a 6.4% revenue drop in Germany due to pay-TV law changes and competition, while overall group revenue grew by 5.2%.
LONDON (Reuters) -European mobile group Vodafone reported another deterioration in Germany, its biggest market, in its third quarter, a weak point amid otherwise stronger trading in Britain, Turkey and Africa.
Service revenue in Germany fell 6.4% in the quarter, worse than the 6.2% drop in the second quarter, which it said was mainly due to the impact of a change in pay-TV laws and to a lesser extent increased competition in mobile.
Chief Executive Margherita Della Valle said service revenue for the group accelerated to 5.2% in the three months to the end of December, driven by a step-up in the UK and strong performances in Turkey and Africa.
"We are continuing to invest in the turnaround of our German business and we are starting to see improving customer trends, although conditions have become more challenging in the mobile market," she said on Tuesday.
The company reiterated its guidance for the full year.
(Reporting by Paul Sandle; editing by Sarah Young)
The article discusses Vodafone's worsening performance in Germany during the third quarter, highlighting a 6.4% drop in service revenue.
The revenue drop was mainly due to changes in pay-TV laws and increased competition in the mobile market.
Vodafone saw strong performances in the UK, Turkey, and Africa, contributing to a 5.2% overall group revenue growth.
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