ProSiebenSat.1 benefits from its cost-saving plan, Bernstein analysts write. The German media company maintained its full-year outlook after reporting robust Ebitda growth in the first half. While entertainment was impacted by the FIFA World Cup, Ebitda growth was driven by cost-cutting. Shares are up 5.1% at 3.78 euros.

Deutsche Telekom's performance in Germany along with its buyback increase should be welcomed, Berenberg analysts say. The German telecom lifted its full-year share buyback plan by up to 3 billion euros, showing how it plans to use strong cash generation and suggesting a move to buy the remaining minority stake in T-Mobile US is less likely. DT delivered strong second-quarter results in its German segment. Shares are up 5.1% at 28.86 euros.

SK Telecom could post a sharp earnings recovery with its operating profit margin likely to top 11% this year for the first time in 13 years, says Jeong Won-seok of Shinyoung Securities. The South Korean operator's results last year were weighed by one-off factors, including a 50% cut in telecommunications charges following a data breach. Jeong expects operating profit to jump 80% to 1.931 trillion won this year, with margin widening to 11.1% in 2026 from 6.3% in 2025.