BT Q1 down 7% on Covid impact

BT has reported Q1 revenue of £5.24 billion (€5.8bn), down 7 per cent primarily due to the impact of Covid-19, including reduced BT Sport revenue and a reduction in business activity in its enterprise units.

Adjusted EBITDA was £1.81 billion, down 7 per cent, driven by the fall in revenue and continued investment in customer experience, partly offset by Covid-19 mitigating actions and savings from the telco’s transformation programme.

Source: BT Q1 down 7% on Covid impact