)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Stroeer (SAX) investor relations material
Stroeer Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary11 Nov, 2025
Executive summary
Revenue for the first nine months of 2025 rose 1% to €1,471.7 million, with organic growth at -0.4% amid challenging macroeconomic and political conditions.
Adjusted EBITDA for the period was €413.6 million, down from €419.8 million in 2024; adjusted net income declined 10% to €86.3 million.
Free cash flow adjusted was €19.1 million, down sharply from the prior year, mainly due to higher working capital requirements.
CapEx increased to €67 million, including investment in the new flagship screen, The Whale, in Hamburg.
Net debt increased to €945 million, mainly due to dividend payments and acquisitions.
Financial highlights
Q3 2025 revenue declined by 1% year-over-year to €491.5 million, with organic growth at -2.1%.
Adjusted EBITDA for Q3 was €147.4 million (vs. €156 million in Q3 2024); adjusted net income for Q3 was €34.1 million, down 17% year-over-year.
Leverage ratio increased to 2.53 at Q3 2025, up from 2.1 at Q3 2024.
Cash flow in Q3 was impacted by higher investments and working capital outflows, especially in Out-of-Home and Dialog segments.
Gross profit for the nine-month period was €618.4 million, down from €622.7 million year-over-year.
Outlook and guidance
Q4 expected to show low to mid single-digit revenue growth in Out-of-Home, with Digital & Dialog Media ahead of Q3 growth rate.
Guidance for 2025 remains unchanged; mid- to long-term expectation of double-digit average top-line growth in core Out-of-Home business.
Management expects a normalized trading environment in 2026, with confidence in double-digit growth as market uncertainty recedes.
The Board projects full-year 2025 revenue of €2,047 million and adjusted EBITDA of €626 million.
Persistent uncertainties are expected to continue influencing business performance for the remainder of 2025.
What factors caused the organic growth contraction?
What caused the FCF decline and higher leverage ratio?
How does AMEVIDA acquisition support future growth?
Statista Connect: revenue impact & pricing?
Working capital: Q4 stabilization drivers?
AI cost savings: key initiatives & timeline?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Stroeer earnings date
Q4 20255 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Stroeer SE & Co KGaA provides out-of-home media and online advertising solutions in Germany and internationally. It offers services for digital billboard advertising, vehicle advertising, printing and routing services, corporate design and identity, city light posters, bulletin boards, shopping window posters, moving graphics through digital image projections, events and promotions, video displays in cinemas and on media facades.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage