Webcast audio
on 27 October 2026

This third quarter confirms the strong momentum generated by our Trust the future plan. Revenue increased across all our geographies, driven by a robust commercial performance. Africa and Middle East continued its remarkable growth, while Europe, particularly Poland, delivered solid results.[...]

Christel Heydemann
Chief Executive Officer at Orange

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Financial and extra-financial results

Orange maintains solid revenue growth in the third quarter and raises its full-year EBITDAaL growth target

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€12.2 Bn

Revenues

+3.6% vs 3Q25

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€4.1 Bn

EBITDAaL

+4.6% vs 3Q25

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€1.7 Bn

eCAPEX

-2,5% vs 3Q25

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€2.4 Bn

Operating cash-flow

+8.8% vs 3Q25

Revenue rose +3.6%1 in the third quarter, driven by growth across all our geographies: Africa and Middle East (+14.2%), Europe 62 (+5.3%), Spain (+3.5%) and France (+0.5%).
Robust retail services growth of +3.3%, supported by a strong commercial performance. 
EBITDAaL grew +4.6% (+4.8% over 9 months), enabling the Group to raise its 2026 Group EBITDAaL growth guidance to above +4.5%.
eCAPEX decreased -2.5% in the quarter; the eCAPEX-to-revenue ratio standing at 14.8% over 9 months. 
Operating cash-flow (EBITDAaL – eCapex) significant increase by +8.8% over 9 months.  

1 Unless otherwise stated, percentage changes are year-on-year performance versus the third quarter of 2025 on a comparable basis.
2 Following the creation of the Spain segment, the former “Europe” segment has been renamed “Europe 6” and includes Poland, Belgium, Luxembourg, Slovakia, Romania and Moldova.

 

Our extra financial performance

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Digital trust

Orange now offers services to strengthen the protection of digital usages in 70% of the group’s countries.

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Society empowerment

Orange has expanded 4G coverage in the MEA region by 2 points, reaching 80% of the population. The number of people benefiting from free digital training has reached 3.8 million since 2021, in line with the objective.

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Carbon trajectory

Orange has made progress toward its net zero carbon ambition by 2040, reducing its greenhouse gas (GHG) emissions for scopes 1, 2 and 3 by 32% in the first half compared to 2020, on track with its plan. In Africa, solarized sites increased by 24% year-over-year, now representing 31% of the segment’ sites.

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ESG rating

MSCI: BBB

Sustainalytics: Low risk

ISS: B Prime

Ecovadis: Platinium

 

Our track record

 

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