‌Analysts Consensus (pre 4Q25) | |||||||||||||||
[in EUR million / as indicated] | 4Q 25 | # of estimates | High | Low | Median | FY 25 | # of estimates | High | Low | Median | FY 26 | # of estimates | High | Low | Median |
Group | |||||||||||||||
Revenue | 647.9 | 8 | 729.5 | 622.9 | 632.7 | 2,475.9 | 8 | 2,557.5 | 2,450.9 | 2,460.9 | 2,754.0 | 8 | 3,141.2 | 2,468.3 | 2,614.3 |
Gross profit | 258.1 | 8 | 286.4 | 239.3 | 254.7 | 999.3 | 8 | 1,027.6 | 980.5 | 995.9 | 1,034.2 | 8 | 1,070.5 | 993.3 | 1,034.7 |
Adjusted EBITDA* | 130.7 | 8 | 137.7 | 120.5 | 129.0 | 525.9 | 8 | 532.8 | 515.6 | 524.1 | 549.0 | 8 | 564.3 | 532.7 | 547.3 |
EBITDA | 131.3 | 8 | 139.4 | 120.5 | 129.8 | 538.7 | 8 | 546.8 | 527.9 | 537.2 | 548.7 | 8 | 564.3 | 532.7 | 546.4 |
Free cashflow | 77.2 | 8 | 83.9 | 63.3 | 78.5 | 303.3 | 8 | 310.0 | 289.4 | 304.6 | 306.9 | 8 | 327.5 | 291.8 | 305.7 |
Taxes paid | -15.6 | 8 | -8.1 | -23.5 | -15.2 | -63.0 | 7 | -50.0 | -73.0 | -60.4 | -64.8 | 6 | -49.3 | -80.4 | -64.8 |
Dividend per share [EUR] | n/a | n/a | n/a | n/a | n/a | 2.08 | 7 | 2.1 | 2.0 | 2.1 | 2.13 | 7 | 2.2 | 2.0 | 2.1 |
Segments | |||||||||||||||
Mobile Communications | |||||||||||||||
Revenue | 529.5 | 8 | 581.3 | 502.2 | 521.0 | 2,031.2 | 8 | 2,082.9 | 2,003.8 | 2,022.6 | 2,299.3 | 8 | 2,715.8 | 2,020.9 | 2,109.4 |
Mobile Service Revenue | 436.7 | 8 | 462.5 | 426.8 | 429.6 | 1,714.6 | 8 | 1,740.4 | 1,704.7 | 1,707.5 | 1,731.5 | 8 | 1,774.2 | 1,697.1 | 1,728.8 |
Mobile Service Revenue (Postpaid) | 408.9 | 7 | 428.7 | 400.5 | 402.7 | 1,614.2 | 7 | 1,634.0 | 1,605.8 | 1,608.0 | 1,639.9 | 7 | 1,667.8 | 1,614.5 | 1,636.7 |
Gross profit | 180.9 | 8 | 196.0 | 175.5 | 177.6 | 707.7 | 8 | 722.8 | 702.3 | 704.4 | 738.8 | 8 | 782.3 | 697.8 | 730.2 |
Adjusted EBITDA* | 101.9 | 8 | 108.6 | 97.0 | 101.4 | 422.9 | 8 | 432.9 | 417.2 | 421.6 | 435.1 | 8 | 450.3 | 414.9 | 439.0 |
EBITDA | 101.2 | 7 | 108.6 | 97.0 | 101.2 | 427.7 | 7 | 435.1 | 423.5 | 427.7 | 433.2 | 7 | 450.3 | 414.9 | 438.7 |
Postpaid customer [in '000s] | 7,838.7 | 8 | 7,869.9 | 7,794.0 | 7,842.6 | 7,838.7 | 8 | 7,869.9 | 7,794.0 | 7,842.6 | 8,073.7 | 8 | 8,310.2 | 7,892.1 | 8,016.7 |
Postpaid ARPU [EUR] | 17.2 | 7 | 17.2 | 17.1 | 17.2 | 17.4 | 8 | 17.8 | 17.3 | 17.4 | 17.1 | 8 | 17.7 | 16.6 | 17.1 |
TV & Media | |||||||||||||||
Revenue | 117.8 | 8 | 147.6 | 104.2 | 114.9 | 430.8 | 8 | 460.6 | 417.2 | 427.9 | 458.0 | 8 | 510.7 | 416.1 | 450.2 |
Gross profit | 70.7 | 8 | 94.7 | 58.5 | 67.7 | 259.6 | 8 | 283.6 | 247.4 | 256.6 | 275.0 | 8 | 323.8 | 245.1 | 271.5 |
Adjusted EBITDA* | 34.6 | 8 | 44.5 | 29.4 | 34.0 | 129.6 | 8 | 139.5 | 124.4 | 129.0 | 142.4 | 8 | 161.3 | 126.0 | 142.6 |
EBITDA | 33.3 | 7 | 38.1 | 29.4 | 33.6 | 128.0 | 7 | 132.8 | 124.4 | 128.3 | 140.0 | 6 | 144.9 | 126.0 | 142.6 |
freenet TV subscribers (RGU) [in '000s] | 426.3 | 8 | 441.3 | 400.3 | 430.2 | 426.3 | 8 | 441.3 | 400.3 | 430.2 | 370.7 | 8 | 443.3 | 304.3 | 364.2 |
waipu.tv subscribers [in '000s] | 2,146.2 | 8 | 2,413.4 | 2,040.6 | 2,118.2 | 2,146.2 | 8 | 2,413.4 | 2,040.6 | 2,118.2 | 2,404.3 | 8 | 2,939.6 | 2,075.8 | 2,393.1 |
Other/ Holding | |||||||||||||||
Revenue | 6.5 | 8 | 15.0 | -31.0 | 10.8 | 45.8 | 8 | 58.4 | 14.0 | 55.0 | 34.6 | 8 | 44.4 | 10.0 | 40.8 |
Gross profit | 7.5 | 8 | 23.9 | -15.7 | 6.8 | 33.5 | 8 | 53.6 | 10.3 | 36.1 | 27.9 | 8 | 51.0 | 10.0 | 23.1 |
Adjusted EBITDA* | -7.7 | 7 | 2.5 | -19.7 | -7.0 | -27.7 | 7 | -17.4 | -39.6 | -27.0 | -27.1 | 8 | -8.1 | -45.6 | -27.4 |
EBITDA | -6.3 | 7 | 4.0 | -11.3 | -7.0 | -20.0 | 7 | -9.7 | -25.0 | -20.7 | -24.4 | 7 | -8.1 | -31.7 | -25.0 |
* excl. one-off effects (e.g., sale of IP-adresses or disposal of The Cloud) |
as of Jan 26 |
Disclaimer |
This document has been issued by freenet AG for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding the business |
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Freenet AG published this content on January 23, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on January 26, 2026 at 07:29 UTC.
