Orange SA

ORA: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Orange Earnings: With 2025 Secured, Eyes Turn Toward 2026 and Medium-Term Outlook

Javier Correonero

Oct 23, 2025

Orange’s management raised EBITDAaL growth guidance for the second time this year, and now expects 3.5% growth in 2025, up from the 3.0% target set in the summer. This wasn't unexpected, given year-to-date growth in the second quarter was already well above the previous 3% target.

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Orange SA

Orange Earnings: With 2025 Secured, Eyes Turn Toward 2026 and Medium-Term Outlook

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