BT Group (BTA) Q1 2027 TU earnings summary

Executive summary

• Achieved record new full fibre connections and take-up, with fibre now over half of broadband revenues.

• 5G+ coverage expanded to 77% of UK population; full fibre build on track for 25 million premises by December.

• International joint venture with Verizon announced, focusing future strategy on the UK.

Financial highlights

• Revenue for the quarter was £4.3bn, flat year-over-year; adjusted UK service revenue down 1% to £3.8bn.

• Adjusted EBITDA was £2.0bn, down 1% year-over-year; reported profit before tax was £505m, down 4% due to higher finance costs.

• Openreach broadband ARPU grew 7% to £17.7; Consumer broadband ARPU fell 2% to £40.9, while postpaid mobile ARPU rose 2% to £19.7.

Outlook and guidance

• Reconfirmed all FY27 and multi-year financial outlook metrics, including cash flow targets of c£2.0bn this year and c£3.0bn by decade end.

• Guidance reflects continuing operations after International division reclassified as discontinued.