FRTAY - freenet AG (FRTAF) Q1 2024 Earnings Call Transcript
2024-05-17 14:48:02 ET
freenet AG (FRTAF)
Q1 2024 Earnings Conference Call
May 16, 2024, 4:00 AM ET
Company Participants
Christoph Vilanek - Chief Executive Officer
Ingo Arnold - Chief Financial Officer
Conference Call Participants
Stephane Beyazian - ODDO
Usman Ghazi - Berenberg
Ulrich Rathe - Bernstein
Joshua Mills - BNP Paribas Exane
Titus Krahn - Bank of America
Simon Stippig - Warburg Research
Presentation
Operator
Good morning, ladies and gentlemen, and welcome to the freenet AG Q1 2024 Conference Call. At this time, all participants have been placed on a listen-only mode. The floor will be open for questions following the presentation.
Let me now turn the floor over to your host, Christoph Vilanek. Please go ahead.
Christoph Vilanek
Good morning, everybody. Thanks for joining today's update. This morning, I read a comment which said like everything on plan and a bit boring. I think that's true, but I'm happy that it's true. If we look at this first quarter, as expected, we have invested into the growth of waipu.tv and released a new record net add quarter.
As part of this, as a consequence, the EBITDA is a bit below the previous year. But that is -- and Ingo will outline that in full detail in our plan and is not an indicator for a change for the full year. It's just part of the seasonality that we were expecting given the ircumstances....
freenet AG (FRTAF) Q1 2024 Earnings Call Transcript