waipu.tv subscribers up 32,900, freenet TV down 160,000 in 2Q 2021

BÜDELSDORF — freenet AG [ISIN DE000A0Z2ZZ5] today announced its results for the first half and second quarter of 2021.

TV and Media segment

The TV and Media segment remains largely unaffected by the impact of COVID-19 and continues on its profitable growth trajectory.

Demand for our convenient waipu.tv IPTV product remains high, although the measures to ease lockdown together with the nice summer days have slowed demand somewhat. The IPTV customer base grew by a further 32.9 thousand (2019/2020 avg.: approx. +40.0 thousand subscribers) in the second quarter of 2021 to reach a subscriber base of 644.6 thousand. This corresponds to a +27.9% increase (+140.4 thousand subscribers) compared to 30 June 2020 (504.1 thousand subscribers).

As expected, the adjustment effect in the freenet TV customer base seen after the price increase in May 2020 weakened further (Q3/20: -6.3%; Q4/20: -4.3%; Q1/21: -3.7%; Q2/21: -2.7%). The number of revenue-generating users (RGU) was 845.0 thousand, a decrease of just under -15.9% compared with the previous year’s figure (30 June 2020: 1,005.0 thousand customers). Further stabilisation can be expected.

TV subscribers (in ‘000s)

                    H1/21    H1/20  Change    Q2/21    Q2/20  Change
                  -------  -------  ------  -------  -------  ------
waipu.tv            644.6    504.1   140.4    644.6    504.1   140.4
freenet TV (RGU)    845.0  1,005.0  -160.0    845.0  1,005.0  -160.0