BT Group PLC

BT.A: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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BT Earnings: Good Execution in a Challenging Market Environment; Guidance Reaffirmed

Javier Correonero

Nov 6, 2025

BT reported second-quarter revenue of GBP 4.9 billion, down 3% year over year and broadly in line with consensus. Cost-control measures continued to provide margin relief amid top-line pressure, resulting in adjusted EBITDA of GBP 4.9 billion, 1% ahead of expectations and in line with last year.

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BT Group PLC

BT Earnings: Good Execution in a Challenging Market Environment; Guidance Reaffirmed

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