Germany · Delayed Price · Currency is EUR freenet AG Earnings Call Transcripts
Fiscal Year 2026
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Revenue and free cash flow grew strongly in Q1 2026, driven by mobilezone integration and solid customer gains in both mobile and IPTV. Guidance for 2026 is confirmed, with ongoing AI initiatives and constructive negotiations on key network contracts.
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The AGM highlighted robust financial stability, a record dividend proposal, and strategic growth in mobile and IPTV segments. Leadership restructuring and sustainability initiatives were emphasized, with clear financial ambitions set through 2028.
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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Revenues and gross profit increased in Q1 2025, with stable mobile EBITDA and strong TV/media growth. Guidance for the full year is confirmed, supported by disciplined capital allocation and a focus on higher-value customers amid a competitive and uncertain market.
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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 2024 performance led to upgraded revenue, EBITDA, and free cash flow guidance, with robust growth in IPTV and stable mobile profitability. Long-term ambitions target at least EUR 600 million EBITDA and over EUR 330 million free cash flow by 2028, supported by conservative planning and resilient business segments.
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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.