BT Group PLC

BT.A: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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BT Earnings: Executing Well in a Competitive Market; Fiber Rollout and Cost Reductions Tracking Well

Javier Correonero

Jul 24, 2025

BT Group fell short of revenue consensus in the first quarter, with adjusted revenue down 3% year on year, but delivered on EBITDA, which declined just 1% thanks to Openreach’s 5% growth.

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BT Group PLC

BT Earnings: Executing Well in a Competitive Market; Fiber Rollout and Cost Reductions Tracking Well

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