Freenet AG Confirms 2026 Guidance Amid Revenue and Customer Growth

Freenet AG reported strong growth in customer numbers and revenue for the first half of 2026, confirming its guidance for the year. The company achieved a revenue increase of 24.7% to EUR 1,512.9 million, driven primarily by the integration of mobilezone Germany. Despite a negative impact on adjusted EBITDA due to a commercial agreement with a mobile network operator, the company's long-term profitability remains intact.

In the mobile communications segment, Freenet added 63,000 postpaid customers, reaching a total of 8.304 million. However, adjusted EBITDA fell by 11.6% to EUR 186.2 million. The IPTV business showed positive trends, with waipu.tv subscribers growing by 77,000 to 1.832 million, and adjusted EBITDA increasing by 36.5% to EUR 18.5 million.

Freenet is optimistic about achieving its 2028 financial targets, including a projected adjusted EBITDA of at least EUR 620 million. The company maintains a strong cash conversion rate above 60%, guaranteeing a minimum dividend of EUR 2 per share for 2026-2028.