Germany · Delayed Price · Currency is EUR freenet AG Earnings Call Transcripts
Fiscal Year 2025
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Strong customer and postpaid growth, robust waipu.tv performance, and record free cash flow support a EUR 2.07 dividend, despite a EUR 13 million MNO headwind in 2025 and up to EUR 50 million in 2026-2028; guidance and ambitions remain optimistic, with AI and advertising as key drivers.
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Q3 saw strong postpaid and waipu.tv growth, with Adjusted EBITDA up 4% and guidance for 2025 confirmed. MobileZone acquisition and lower marketing spendings support future growth, while a one-off tax payment and competitive pressures remain key risks.
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Strong postpaid and waipu.tv subscriber growth drove higher-margin revenues and gross profit, despite ARPU pressure and the loss of the O2 partnership. Guidance for 2025 is maintained, with a focus on performance marketing, cost control, and AI-driven improvements.
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Q1 2025 saw revenue and gross profit growth, stable mobile EBITDA, and strong TV/media performance. Guidance for the year is confirmed, with a share buyback of up to EUR 100 million planned. Market remains competitive, but brand and product initiatives support future growth.
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AGM highlighted record financial results, a proposed EUR 1.97 dividend, and a CEO transition. Strategic focus remains on digital growth and sustainability, with robust governance and future EBITDA targets set for 2028.
Fiscal Year 2024
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Record 2024 results with EBITDA of €521.5M and free cash flow of €292M, driven by strong subscriber growth and waipu.tv performance. 2025 guidance targets moderate revenue growth, stable EBITDA, and continued high dividend payout, with a share buyback up to €100M planned.
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Strong net adds and new MNO contracts drove upgraded revenue and cash flow guidance for 2024, with Waipu.tv subscriber growth and stable mobile ARPU supporting results. Multi-year outlook targets EBITDA above EUR 600 million and free cash flow over EUR 330 million by 2028.
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Q2 2024 saw stable growth, with revenues and gross profit up year-over-year, driven by service revenues and strong IPTV net adds. Long-term network agreements provide stability, while guidance and ARPU remain steady for 2024. No share buybacks planned until after a November update.