Vodafone Greece reported a 12.2% increase in service revenue for the first quarter of its 2026-2027 financial year, which runs from April 2026 to March 2027.
The top-line growth signals resilience in the Greek market despite a contraction in the company's mobile subscriber base, which fell to 3.927 million by the end of June from 4 million previously.
Vodafone Group has previously reported increases in both sales and profits, supported by the elimination of 1,200 jobs across Europe and its shared operations over recent months.
The revenue surge suggests that average revenue per user (ARPU) is rising, likely driven by increased data consumption and higher-value service bundles.
This trend aligns with Vodafone Group's broader strategy to upgrade its financial guidance, as the parent company recently stated it expects to deliver results at the upper end of its revised range.
The group attributed this improved outlook to strong performance in key markets and aggressive cost-saving measures.
Vodafone Group has previously reported increases in both sales and profits, supported by the elimination of 1,200 jobs across Europe and its shared operations over recent months.