May 16 (Reuters) - Deutsche Telekom just

exceeded forecasts on Thursday, reporting first-quarter adjusted

core earnings of 10.5 billion euros ($11.43 billion), with

European growth a stand-out.

The result was slightly above a company compiled consensus

forecast of 10.25 billion euros, with the German telecoms

operator pointing to growth in all of its operating segments.

It said it had achieved a record growth in earnings before

interest, taxes, depreciation and amortisation after leases

(EBITDA AL) of 8.1% in Europe, while the U.S. was up 6.1% and

Germany up 3.5% from the same period last year.

Telekom said its European business grew for the 25th

consecutive quarter and was supported by strong service revenues

in both its fixed network and mobile networks.

Telekom's MagentaTV, which will be streaming all Euro 2024

soccer games as its official partner, increased its customer

base by 73,000 to 4.4 million, supporting revenues in the

company's German operating segment.

This comes ahead of a German regulation that will prevent

landlords from including TV services in housing rental contracts

from July. Vodafone ( VOD ) expects to lose about half of its

8.5 million households affected by the change, benefiting

competitors such as Telekom.

The German company confirmed its forecast for 2024 outside

of the United States. Its U.S. subsidiary T-Mobile US ( TMUS ),

which brings in about two-thirds of Telekom's revenue, had

raised its forecast in April.

($1 = 0.9188 euros)