Deutsche Telekom started 2025 with robust financial results, prompting the Group to raise its full-year targets.

In the first quarter, total revenue rose by 6.5 percent to 29.8 billion euros, driven by a 6.3 percent increase in service revenues to 25.0 billion euros.
Capital expenditure (Capex) of Deutsche Telekom fell 5 percent to 4.48 billion euros during the first-quarter of 2025.
Deutsche Telekom has lowered the number of employees to 198,678 in Q1-2025 from 201,251 in Q1-2024. In Germany, the number of employees has decreased to 74,013 in Q1-2025 from 78,191 in Q1-2024.
Adjusted EBITDA AL of grew by 7.9 percent to 11.3 billion euros, and free cash flow AL surged by 52.4 percent to 5.6 billion euros. Net profit rose by 43.5 percent to 2.8 billion euros, while adjusted net profit grew by 9.1 percent to 2.4 billion euros, resulting in adjusted earnings per share of 0.50 euros.
Deutsche Telekom in its earnings report said it has revised its 2025 guidance, now expecting adjusted EBITDA AL of 45.0 billion euros and free cash flow AL of 20.0 billion euros, slightly up from previous forecasts, with the assumptions based on constant exchange rates.
Germany
In Germany, Deutsche Telekom saw mobile service revenues grow by 3.0 percent in the first quarter, adding 274,000 branded mobile contract customers. Fixed-network customers with pure fiber-optic lines increased by 128,000 to 1.6 million, though a highly competitive broadband market led to a net loss of 7,000 customers. Adjusted EBITDA AL grew by 2.3 percent, marking 34 consecutive quarters of growth, despite a 1.3 percent decline in total revenue driven by lower terminal equipment sales.
Deutsche Telekom’s subscriber base in Germany showed mixed trends in Q1 2025 compared to Q1 2024. Mobile customers increased by 1.8 percent to approximately 69.8 million, with contract customers rising by 1.0 percent to 26.8 million. Fixed-network lines declined by 0.5 percent to 17.1 million, while broadband lines remained nearly stable at 15.1 million, with a slight 0.3 percent increase in optical fiber connections, reaching 13.3 million. Television (IPTV and satellite) subscribers grew by 0.8 percent to 4.7 million. Unbundled local loop lines (ULLs) decreased significantly by 4.8 percent to 1.8 million.
United States
In the United States, T-Mobile US maintained its industry-leading growth with 1.3 million new postpaid customers, including 495,000 phone customers, and 424,000 new High Speed Internet customers, raising the total customer base to 130.9 million. Adjusted EBITDA AL and revenue both increased by 6.6 percent, reaching 8.0 billion and 20.8 billion U.S. dollars, respectively.
Deutsche Telekom’s subscriber base in the United States grew in Q1 2025 compared to Q1 2024. Total customers increased by 1.1 percent to approximately 130.9 million. Postpaid customers rose by 1.3 percent to 105.5 million, while prepaid customers showed a minor 0.2 percent increase, reaching 25.5 million.
Europe
In Europe, Deutsche Telekom’s national companies saw continued financial growth with a 7.2 percent increase in adjusted EBITDA AL to 1.1 billion euros and a 3.7 percent rise in revenue to 3.1 billion euros, driven by strong service revenue growth of 5.0 percent. Mobile contract customers grew by 123,000 to 26.9 million, while broadband customers increased by 68,000.
Deutsche Telekom’s subscriber base in Europe in Q1 2025 exhibited marginal growth compared to Q1 2024. Mobile customers increased slightly by 0.1 percent to approximately 49.8 million, while contract customers rose by 0.5 percent to 26.9 million. Fixed-network lines remained nearly stable with a 0.1 percent increase to 8.1 million. Broadband customers grew by 0.9 percent to 7.2 million, whereas television subscribers (IPTV, satellite, cable) remained virtually unchanged at 4.4 million.
T-Systems
T-Systems, the Group’s Systems Solutions segment, recorded a 17.0 percent surge in order entry to 1.0 billion euros, fueled by two major public sector deals. Revenue grew by 1.7 percent to 1.0 billion euros, with adjusted EBITDA AL rising by 4.4 percent to 81 million euros.
Baburajan Kizhakedath