French telecom group Orange reported a 3.5% increase in revenue in the first quarter of 2026, supported by particularly strong performance in Africa and the Middle East, according to results published on Thursday, April 23. The telecom group generated 10.1 billion euros in revenue during the period, while its EBITDAaL increased by 6.6% to 2.6 billion euros.
The Africa and Middle East region emerged as the main growth driver for the group, with a 12.7% increase in revenue. This performance contrasts with that of European markets, which were more moderate, particularly in France (+2.3%) and Europe (+2.2%).
Retail activities increased by 2.9%, while wholesale revenues grew by 6.1%, driven by an exceptional effect related to fiber co-financing in France. Excluding exceptional items, revenue growth is around 2.5%.
Operationally, Orange continues to expand its fiber networks, with nearly 60 million households connectable in Europe, and has 9.3 million convergent customers, up 1.9% year-on-year.
Orange has raised its EBITDAaL growth target for 2026, now expected to be above 3%, compared to a previous estimate around this level. Other financial objectives are confirmed, including an investment ratio of around 15% of revenue and operational cash flow close to 4 billion euros.
Finally, Orange expects a dividend of 0.75 euros per share for 2025 and sets a floor of 0.79 euros per share for 2026.
