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1&1 (1U1) investor relations material

1&1 Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary11 Nov, 2025

Executive summary

  • Customer contracts totaled 16.34 million as of September 2025, with 12.48 million mobile and 3.86 million broadband contracts, reflecting a net decrease of 50,000 contracts in nine months; mobile contracts increased by 40,000 while broadband declined by 90,000.

  • Completed migration of all mobile customers to the new 1&1 5G O-RAN network, achieving competitive independence and the world's largest Open-RAN mobile network by user count ahead of regulatory deadlines.

  • Revenue for the first nine months of 2025 was €3,016.2 million, stable year-over-year, with service revenue at €2,479.3 million.

  • Net income for the first nine months of 2025 was €110.7 million, down 43.6% year-over-year, reflecting higher costs and lower operating profit.

  • Maintained high customer satisfaction, winning multiple awards for service and network quality.

Financial highlights

  • EBITDA declined by 11.5% to €409.8 million, mainly due to higher network expansion and migration costs; Access segment EBITDA was €611.0 million, down 3% year-over-year.

  • Mobile Network segment reported negative EBITDA of €-201.2 million, reflecting network expansion and migration costs.

  • EBIT dropped 39% to €175.4 million, and EPS decreased 43.2% to €0.63; adjusted EPS excluding PPA write-downs was €0.86.

  • Free cash flow improved to €204.0 million from €63.0 million year-over-year.

  • Gross margin decreased to 23.7% from 27.4% in the prior year, with gross profit from turnover at €714.9 million.

Outlook and guidance

  • Service revenue for 2025 expected to remain at the prior year’s level of approximately €3.3 billion.

  • EBITDA projected to decline to around €545 million, with Access segment EBITDA at €810 million and Mobile Network segment EBITDA at about €-265 million, including €100 million in migration and network service expenses.

  • CapEx guidance reduced by €50 million, with postponed projects to be completed in 2026; 2025 CapEx now projected at €400 million.

  • 25% population coverage with own network expected by end of 2025.

  • Stable contract base and continued network expansion position the company for future growth.

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Frequently asked questions

1&1 AG is a telecommunications and internet services provider, offering a range of products for private and business customers. The company’s portfolio includes mobile and broadband services, cloud solutions, and data center offerings. 1&1 AG also provides web hosting, domain registration, and related services for individuals and businesses seeking to establish an online presence. The company is headquartered in Montabaur, Germany, and its shares are listed on the FSE (Frankfurt Stock Exchange).

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