BT Group PLC

BT.A: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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BT Earnings: Cost-Cutting Proving Effective; Fiber Buildout Targets Raised for 2026

Javier Correonero

May 22, 2025

BT Group’s full-year results were broadly in line with our expectations, with revenue of GBP 20.4 billion and adjusted EBITDA of GBP 8.2 billion for the year, down 2% and up 1%, respectively.

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BT Group PLC

BT Earnings: Cost-Cutting Proving Effective; Fiber Buildout Targets Raised for 2026

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