Germany's Freenet Q1 revenue rises 26.1% on Mobilezone integration

freenet AG

15/05/2026 06:09

Overview

Germany telecom and IPTV provider's Q1 revenue rose 26.1% yr/yr, driven by mobilezone integration

Adjusted EBITDA fell 3.6% due to a network operator agreement, as previously expected

Adjusted free cash flow increased 10.4% yr/yr; 2026 guidance confirmed

Outlook

Freenet confirms guidance for the 2026 financial year

Company expects to manage temporary negative impact on adj. EBITDA in Mobile Communications

Freenet anticipates continued positive momentum in IPTV and stable cash flow development

Result Drivers

MOBILEZONE INTEGRATION - Revenue growth was mainly driven by the integration of mobilezone Deutschland into Mobile Communications

IPTV CUSTOMER GROWTH - Dynamic customer gains and strong EBITDA growth in IPTV contributed to results

NETWORK OPERATOR AGREEMENT - Adjusted EBITDA was negatively affected by an agreement with a network operator, as expected

Company press release: ID:nEQ55xwzKa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 761.9 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 7 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the integrated telecommunications services peer group is "buy."

Wall Street's median 12-month price target for freenet AG is €29.00, about 15.2% above its May 14 closing price of €25.18

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)