Koninklijke KPN NV

KPN: XAMS (NLD)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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KPN Earnings: Service Revenue Growth Rebounds; Guidance Confirmed

Javier Correonero , Andrea Burigana

Oct 28, 2026

KPN's service revenue growth rebounded to 2.7% year over year in the third quarter, easing our concerns as prior-year contract headwinds faded and mobile momentum strengthened. Management confirmed its 2026 service revenue growth guidance of 1.5% and adjusted EBITDAaL outlook of EUR 2.67 billion.

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Koninklijke KPN NV

KPN Earnings: Service Revenue Growth Rebounds; Guidance Confirmed

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