Telefónica reported a net loss of approximately 1.3 billion to 1.7 billion euros in the first quarter of 2025, primarily due to write-downs and losses related to the sale of its subsidiaries in Argentina and Peru. The company’s revenue fell short of estimates, with reported revenue at 9.22 billion euros compared to an expected 9.65 billion euros. Adjusted EBITDA was also below expectations at 3.01 billion euros versus an estimated 3.14 billion euros. Despite these losses, Telefónica confirmed its financial forecasts and dividend payments. The company also reported losses exceeding 31 billion Chilean pesos in Chile amid potential sale discussions. Excluding the divested Latin American assets, Telefónica's continuing operations yielded a profit of 427 million euros, down 26% from prior periods. These results represent the first financial report under CEO Marc Murtra. Telefónica, a major telecommunications operator, is navigating a strategic shift with its Latin American divestments impacting its earnings.