Orange SA

ORA: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Orange Earnings: Raises EBITDAaL Growth Guidance Above 3%; Consolidation Rumors Continue

Javier Correonero

Jul 29, 2025

We liked Orange’s second-quarter results, which delivered 4.2% organic year-on-year EBITDAaL growth, higher than last quarter’s 3.2%. Middle East and Africa was again the main growth driver, delivering 12.8% EBITDAL year-on-year growth in the first half.

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Orange SA

Orange Earnings: Raises EBITDAaL Growth Guidance Above 3%; Consolidation Rumors Continue

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