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We have increased our revenue by 30% year-to-date

Telefónica Tech increases revenue by 30% year-to-date, reaching 1,327 million euros

Coinciding with Investor Day we announce today the results for the third quarter of 2023. The strategic digital business unit, Telefónica Tech, stood out in financial results with revenue of 442 million euros in the third quarter. This was a 14.4% increase over the same period last year.

So far this year, Telefónica Tech has achieved 1,327 million euros in revenue, representing a 30% increase.

Telefónica Tech was created in 2019 as one of the Telefónica Group's main pillars. Since then, it has had a solid growth trajectory that will continue in the 2023-2026 period. During this period, Telefónica Tech will have an average annual growth rate of 18%, surpassing the market average. It will reach 2026 with a revenue of 3,000 million euros.

These results reflect robust growth and responsible financial management. This enables us to move forward with our strategic plan and achieve our goals.

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