- Orange (NYSE:ORAN) is up 5.8% premarket after a return to revenue growth in Q3 prompted it to raise full-year guidance.
- Revenues grew 0.5% to €10.28B; it had fallen 0.2% in Q2 and fallen 0.9% in Q1. Its restated EBITDA of €3.56B beat an expected €3.39B.
- Overall, mobile customers grew to 201.7M, up 10.8% Y/Y. In France, it added 234K postpaid customers to bring that total to 23.7M (about 84% of subscriber base). Its 4G customers grew 1M to hit 6.6M.
- For Europe, mobile base grew to 50.1M; in Africa/Middle East, it grew to 111.2M from 94.3M.
- Fixed broadband customers grew to 17.9M from 15.8M, driven by France and Spain.
- It raised full-year EBITDA guidance to €12.3B from a previous €11.9B-12.1B. Capital IQ consensus sees EBITDA of €12.23B for the year.
- Full results