Freenet drop on Q2 mobile segment weakness

freenet AG

07/08/2025 09:18

** Shares in Freenet FNTGn.DE fall 5% after the German telecommunications provider cut its outlook for average revenue per user (ARPU) after reporting a decline in the Q2 figure

** "The mobile segment is still struggling on a disappointing postpaid ARPU development," a local trader says

** The company said on Wednesday it recorded a higher-than-expected decline in postpaid ARPU to EUR 17.4 compared with EUR 17.8 a year ago, citing significant customer growth in the discount business in H2 2024 and "intensified competition" in the German mobile communications market

** Freenet cut its 2025 ARPU outlook to a moderate decrease from "stable performance"

** The company "reported a marginally disappointing set of Q2 2025 results", Berenberg said, adding it expects shares to "show some volatility today"

** Shares are on track for the worst day since May

 (Reporting by Amir Orusov)

 ((Amir.orusov@thomsonreuters.com))