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1&1:Quarterly Results/2023 Q1: Difference between revisions
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Here is a summary of the results as well as comparisons to analysts consensus estimates<ref>https://imagepool.1und1.ag/v2/download/berichte/1und1-AG_Q1-2023_EN.pdf</ref>. | Here is a summary of the results as well as comparisons to analysts consensus estimates<ref>https://imagepool.1und1.ag/v2/download/berichte/1und1-AG_Q1-2023_EN.pdf</ref>. | ||
* Revenue of 1.021 billion eusos (+4.6% y/y) topped analysts estimates of 987.2 million euros(+1.2% y/y). The beat in estimates was largely driven by hardware sales which grew 24.7% y/y to 232.1 million euros. | * Revenue of 1.021 billion eusos (+4.6% y/y) topped analysts estimates of 987.2 million euros(+1.2% y/y). The beat in estimates was largely driven by hardware sales which grew 24.7% y/y to 232.1 million euros. This is not overly good as the company notes that "hardware business fluctuates seasonally and its development depends heavily on the attractiveness of new devices and the model cycles of manufacturers." | ||
* Service revenue was 788.9 million euros, at the same level as last year and below estimate of 797 million euros(+1%). This was due to "the declining number of contracts for higher-priced broadband contracts." | * Service revenue was 788.9 million euros, at the same level as last year and below estimate of 797 million euros(+1%). This was due to "the declining number of contracts for higher-priced broadband contracts." | ||
* The number of customer contracts increased to 15.87 million, slightly below the 15.88 million estimate | * The number of customer contracts increased to 15.87 million, slightly below the 15.88 million estimate | ||