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Investing.com -- Deutsche Telekom AG Na (ETR:DTEGn) raised its full-year 2025 guidance on Thursday despite reporting second-quarter revenue that fell short of analyst expectations, as the telecommunications giant continues to see strong growth in the United States.
Shares fell 3.8% following the announcement, as investors focused on the revenue miss and slower customer growth in Germany.
The German telecom giant now expects adjusted EBITDA after leases to exceed €45 billion ($52.47 billion), compared with its previous forecast of around €45 billion.
It also sees free cash flow after leases topping €20 billion, up from earlier guidance of approximately €20 billion. This marks the second upgrade to its outlook this year, following a similar move in May after strong first-quarter results.
The move comes as telecom giant’s second-quarter net profit rose to €2.615 billion, up from €2.09 billion a year ago.
Adjusted EBITDA after leases reached €11 billion, slightly higher than the €10.82 billion reported in the same period last year and better than the €10.95 billion expected by analysts in a company-provided poll.
Revenue climbed to €28.67 billion from €28.39 billion, with growth reported across all major markets. Group service revenue increased 1.2% to €24.38 billion.
"We are again seeing sustained strong growth on both sides of the Atlantic throughout the second quarter," Deutsche Telekom (OTC:DTEGY) CEO Tim Hoettges said in a statement.