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1&1:Quarterly Results/2024 Q1: Difference between revisions
→Earnings Call Summary
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== Earnings Call Summary == | == Earnings Call Summary == | ||
=== 1&1 Earnings Call === | |||
Video: [https://edge.media-server.com/mmc/p/j5svhiqu/ Q1 2024 Earnings call] | Video: [https://edge.media-server.com/mmc/p/j5svhiqu/ Q1 2024 Earnings call] | ||
=== Low-band spectrum === | ==== Low-band spectrum ==== | ||
* They said they will continue with the mobile network rollout even if they didn't get the frequency. | * They said they will continue with the mobile network rollout even if they didn't get the frequency. | ||
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''" The worst case scenario means there is an extension for the existing operators for free without an obligation giving us access to low-band," min 51'' | ''" The worst case scenario means there is an extension for the existing operators for free without an obligation giving us access to low-band," min 51'' | ||
=== Migration === | ==== Migration ==== | ||
* They started with a significant number at the end of March. | * They started with a significant number at the end of March. | ||
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* They haven't received any complaints on the migration. | * They haven't received any complaints on the migration. | ||
=== Outlook === | ==== Outlook ==== | ||
* '''They are guiding for 80-100k net customer additions in Q2 2024 aided by some things they changed in their offers.''' | * '''They are guiding for 80-100k net customer additions in Q2 2024 aided by some things they changed in their offers.''' | ||
* 1&1 view the 160 million EBITDA impact by startup costs in 2024 as reasonable (they don't expect it to be higher). | * 1&1 view the 160 million EBITDA impact by startup costs in 2024 as reasonable (they don't expect it to be higher). | ||
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* They are comfortable with the 4% service revenue growth in 2024 aided by stable broadband contracts and monthly plan received this year. | * They are comfortable with the 4% service revenue growth in 2024 aided by stable broadband contracts and monthly plan received this year. | ||
=== Antenna sites === | ==== Antenna sites ==== | ||
* They still target 3,000 sites at the end of 2024. | * They still target 3,000 sites at the end of 2024. | ||
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* '''227 antenna sites are already connected with fibers.''' | * '''227 antenna sites are already connected with fibers.''' | ||
=== Core business === | ==== Core business ==== | ||
* Customer additions was impacted by the migration (but they can't quantify it) and discounts offered by competitors . ''“The net ads in the first quarter of 2024 has been influenced by the start of the migration of customers into our own network as well as more aggressive sales offers in the first quarter in the discount market.” min 1'' | * Customer additions was impacted by the migration (but they can't quantify it) and discounts offered by competitors . ''“The net ads in the first quarter of 2024 has been influenced by the start of the migration of customers into our own network as well as more aggressive sales offers in the first quarter in the discount market.” min 1'' | ||
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* ARPU in the broadband segment was higher in Q1 2024 compared to the same period last year due to migration to tariffs with higher bandwidths. | * ARPU in the broadband segment was higher in Q1 2024 compared to the same period last year due to migration to tariffs with higher bandwidths. | ||
=== Vodafone agreement === | ==== Vodafone agreement ==== | ||
* They said they expect to finalize the contract in the next few weeks. | * They said they expect to finalize the contract in the next few weeks. | ||
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* They expect the corporation to kickoff in July, latest October. | * They expect the corporation to kickoff in July, latest October. | ||
=== United Internet Earnings Call === | |||
== Management Guidance and Analysts Estimates == | == Management Guidance and Analysts Estimates == | ||