KPN Q3 revenue rose 2.9% to EUR 1.498 billion

TL;DR: KPN reported third-quarter revenue of EUR 1.498 billion, up 2.9% year on year, while service revenue rose 2.7% to EUR 1.383 billion.

KPN reported third-quarter revenue of EUR 1.498 billion, up 2.9% year on year. Excluding a one-off in the prior-year period, revenue increased 4.2% on an organic basis.

KPN said third-quarter service revenue increased 2.7% to EUR 1.383 billion. Non-service revenue rose 6.4%, supported by higher handset sales.

KPN recorded its strongest revenue growth in the Consumer segment, which rose 4.3%. Business revenue increased 4.2%, and Wholesale revenue increased 3.6%.

KPN maintained its outlook, according to the company’s third-quarter results. On a quarterly basis, the Dutch operator gained a net 66,000 n