freenet AG (OTCPK:FRTAF)

$ 26.87 0 (0%) Market Cap: 3.67 Bil Enterprise Value: 3.78 Bil PE Ratio: 14.73 PB Ratio: 2.36 GF Score: 60/100

Q3 2023 freenet AG Earnings Call Transcript

Nov 09, 2023 / 09:00AM GMT

Release Date Price: $26.01

Transcript

Operator

Hello, ladies and gentlemen. Welcome to the conference call 9M 2023. (Operator Instructions)

Let me now turn the floor over to your host, Christoph Vilanek.

Christoph Vilanek

freenet AG - Chairman of Executive Board & CEO

Thanks for the opening and a warm welcome to everybody on the phone on this rainy Hamburg morning. Thanks for joining our 9 months report conference.

[Call here], and let me get started immediately with the overview on the core KPIs. We have been able to grow the subscriber base year-over-year by 4.8%, which is very much in line with our expectations and exceeds the expectation on the TV side, which I'm going to illustrate a little later in more detail. Same as in EBITDA, we are ahead of our 9 months plan, and therefore, we have a slightly adjusted the guidance. We expect an EBITDA outcome just about EUR 500 million, and this is why we have changed the guidance or [attempted] the guidance to in a small range. Revenue is also up. You all are aware of the fact that revenue is not the core KPI in our day-to-day business

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