The earnings call reflects a mixed performance with notable achievements in EBITDA growth and strategic investments, particularly in the UK and Turkiye. However, these are counterbalanced by challenges in Germany's service revenue and increased competition in the German mobile market.

Company Guidance

In the recent call, Vodafone reiterated its full-year guidance, highlighting a 3.8% growth in Group EBITDA for the first half of the fiscal year, with notable contributions from the U.K. at over 8%, other European markets at over 3%, and Turkiye experiencing a significant rise of approximately 50% in euro terms. The company addressed challenges in Germany due to the MDU transition, which impacted service revenue trends in Q2. Vodafone's strategic priorities focus on customer satisfaction, simplicity in operations, and growth. As part of its operational improvements, Vodafone has completed the formation of a new management team in Germany, achieved a 75% gigabit-capable broadband coverage for German households, and is investing in digital services, which saw an 18% growth. The company also highlighted its progress in simplifying operations, achieving 80% of its role reduction program, and finalized a partnership with Accenture to further commercialize shared operations. Additionally, Vodafone's new Investments division facilitated a €1.3 billion stake reduction in Vantage Towers, aligning with its co-control structure plans. The company anticipates improved performance and growth into fiscal year 2026, driven by ongoing strategic initiatives and operational enhancements.

Group EBITDA Growth

Group EBITDA grew by 3.8% in the first half, supported by significant growth in the UK at over 8% and Turkiye by circa 50% in euro terms.

UK Performance

The UK experienced strong EBITDA growth and achieved its highest-ever NPS alongside its lowest-ever churn, driven by improving consumer satisfaction.

Turkiye Market Share Record

Vodafone achieved its highest-ever market share in Turkiye, with significant growth performance.

Vodafone Investments Division Activity

Vodafone sold down a further stake in Vantage Towers for €1.3 billion to achieve a co-control structure.

Role Reduction Program

Vodafone has completed 80% of its role reduction program, aligning with its simplicity strategic priority.

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Vodafone (VOD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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VOD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 20, 2025	2025 (Q4)	0.32 / -	0.407	―	―	―
Nov 12, 2024	2025 (Q2)	0.22 / 0.41	-0.139	398.56% (+0.55)
May 14, 2024	2024 (Q4)	0.54 / 0.41	4.204	-90.32% (-3.80)
Nov 14, 2023	2024 (Q2)	0.35 / -0.14	0.363	-138.29% (-0.50)
May 16, 2023	2023 (Q4)	0.71 / 4.20	0.316	1230.38% (+3.89)
Nov 15, 2022	2023 (Q2)	0.50 / 0.36	0.385	-5.71% (-0.02)
May 17, 2022	2022 (Q4)	0.44 / 0.32	-0.489	164.62% (+0.80)	―	―
Nov 16, 2021	2022 (Q2)	0.46 / 0.39	0.486	-20.78% (-0.10)	―	―
May 18, 2021	2021 (Q4)	0.12 / -0.49	0.649	-175.35% (-1.14)	―	―
Nov 16, 2020	2021 (Q2)	- / 0.49	0.094	417.02% (+0.39)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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VOD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 12, 2024	$9.08	$8.25	-9.14%
May 14, 2024	$8.13	$8.52	+4.80%
Nov 14, 2023	$8.38	$8.03	-4.18%
May 16, 2023	$9.39	$8.57	-8.73%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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