Vodafone revenue in Spain 2015-2023

After peaking its revenue at nearly five billion euros in 2018, Vodafone’s revenue in Spain dropped to approximately 4.2 billion euros in 2019 and further to 3.9 billion euros in 2020. In spite of the revenues having increased again since then, with the company registering revenue of around 4.2 billion euros in both 2021 and 2022, the amount dropped again to 3.9 billion euros in the most recent fiscal year, ended by March 31st of 2023.

Valuable segments

With investments in the Spanish telecommunications sector of nearly 1.5 billion euros, Vodafone is one of the biggest providers in Spain. One of Vodafone’s most valuable segments is sales and rental of telephones. In 2021, phone sales and rental generated revenues worth nearly two billion euros in Spain. Another important segment is the mobile segment. In 2021, Vodafone’s mobile telephony services in Spain recorded revenues of nearly 1.8 billion euros, up from 1.17 billion euros in 2020. Moreover, the company’s fixed broadband internet service segment also registered a significant increase in revenue, especially starting in 2015.

Movistar: leading competitor

The biggest and most important telecommunications operator in Spain is the Telefónica-owned Movistar. After peaking its revenues at approximately 15.5 billion euros in 2019, Movistar’s revenue slightly dropped to 14.5 billion euros by 2021. The company also recorded a decrease in the number of employees, from 22.2 thousand people in 2017 to 18.4 in 2021. Movistar’s annual investment in the Spanish telecommunications sector amounted to nearly two billion euros in 2021, representing the highest value recorded over the past 10 years.