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Vodafone Stock Soars 6.4% Amid €2 Billion Buyback

5/20/2025

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Summary

Story summary

Vodafone Group PLC's stock increased by 6.4% to $9.70 following a €2 billion share buyback announcement.
The company faced a €1.48 billion pretax loss for the fiscal year due to €4.5 billion in impairment charges.
Service revenue rose by 2.8% to €30.76 billion, driven by strong growth in Africa and Turkey.
A €500 million share buyback program is set to commence on May 20, 2025, to reduce share capital.

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Story summary

Vodafone Group PLC's stock increased by 6.4% to $9.70 following a €2 billion share buyback announcement.
The company faced a €1.48 billion pretax loss for the fiscal year due to €4.5 billion in impairment charges.
Service revenue rose by 2.8% to €30.76 billion, driven by strong growth in Africa and Turkey.
A €500 million share buyback program is set to commence on May 20, 2025, to reduce share capital.