New Risk • Jun 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings are forecast to decline by an average of 2.9% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€42.0m market cap, or US$48.5m). Announcement • May 28
PAL Next AG to Report First Half, 2026 Results on Sep 24, 2026 PAL Next AG announced that they will report first half, 2026 results on Sep 24, 2026 Price Target Changed • May 20
Price target decreased by 17% to €1.00 Down from €1.20, the current price target is provided by 1 analyst. New target price is 8.7% above last closing price of €0.92. Stock is down 19% over the past year. The company is forecast to post a net loss per share of €0.09 next year compared to a net loss per share of €0.027 last year. Breakeven Date Change • May 20
Forecast breakeven date pushed back to 2027 The analyst covering PAL Next previously expected the company to break even in 2026. New forecast suggests the company will make a profit of €300.0k in 2027. Announcement • Apr 08
PAL Next AG, Annual General Meeting, May 18, 2026 PAL Next AG, Annual General Meeting, May 18, 2026, at 10:00 W. Europe Standard Time. Announcement • Jan 30
PAL Next AG to Report Fiscal Year 2025 Final Results on Mar 31, 2026 PAL Next AG announced that they will report fiscal year 2025 final results at 12:00 PM, Central European Standard Time on Mar 31, 2026 Price Target Changed • Dec 30
Price target increased by 20% to €1.20 Up from €1.00, the current price target is provided by 1 analyst. New target price is 33% above last closing price of €0.91. Stock is down 21% over the past year. The company posted a net loss per share of €0.13 last year. Breakeven Date Change • Dec 30
Forecast breakeven date pushed back to 2026 The analyst covering PAL Next previously expected the company to break even in 2025. New forecast suggests the company will make a profit of €1.10m in 2026. Average annual earnings growth of 123% is required to achieve expected profit on schedule. Announcement • Aug 20
PAL Next Ag Presents A Major Lineup of Films and Series for the 2025 Release Year At Its Successful Annual General Meeting PAL Next AG presented four major productions during its successfully held Annual General Meeting that will premiere in the 2025 release year and contribute to revenues. Particularly highlighted was the anti-war film DER TIGER (The Tiger), produced in collaboration with Amazon MGM Studios. It marks the first German Amazon Original film that will premiere first in German theaters on 18 September 2025, followed by a worldwide release on Prime Video at year-end. DER TIGER is one of only five films currently shortlisted by German Films as Germany’s official submission for the “Best International Feature Film” category at the 98th Academy Awards. Shareholders were also given a preview of two additional PANTALEON Films productions set to hit theaters later this fiscal year. NO HIT WONDER, produced for Warner Bros. and starring Florian David Fitz and Nora Tschirner, will open in theaters on 30 October 2025. DAS LEBEN DER WÜNSCHE (The Life of Wishes), co-produced with ProU Producer United in collaboration with Seven Pictures, will hit theaters on 13 November 2025. The film, starring Matthias Schweighöfer in his first leading role in a German feature film in seven years, will celebrate its world premiere at the Zurich Film Festival at the end of September. The second season of the successful series ASBEST will again be available in the ARD Mediathek, with the launch date yet to be announced. Shareholders approved all agenda items unanimously and expressed their confidence in CEO Stephanie Schettler-Köhler as well as in the members of the Supervisory Board of PAL Next AG for fiscal year 2025. The proportion of share capital entitled to vote at the time of the resolutions amounted to 71.28%. Announcement • Aug 13
PAL Next AG to Report First Half, 2025 Results on Sep 24, 2025 PAL Next AG announced that they will report first half, 2025 results on Sep 24, 2025 Announcement • Jul 09
PAL Next AG, Annual General Meeting, Aug 19, 2025 PAL Next AG, Annual General Meeting, Aug 19, 2025, at 10:00 W. Europe Standard Time. Announcement • Jan 10
Pantaflix AG to Report Q4, 2024 Results on Apr 30, 2025 Pantaflix AG announced that they will report Q4, 2024 results at 12:00 PM, Central European Standard Time on Apr 30, 2025 Reported Earnings • Sep 27
First half 2024 earnings released: €0.083 loss per share (vs €0.032 loss in 1H 2023) First half 2024 results: €0.083 loss per share (further deteriorated from €0.032 loss in 1H 2023). Revenue: €1.35m (down 94% from 1H 2023). Net loss: €2.12m (loss widened 208% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Sep 25
Pantaflix AG to Report First Half, 2024 Results on Sep 25, 2024 Pantaflix AG announced that they will report first half, 2024 results on Sep 25, 2024 Reported Earnings • Apr 24
Full year 2023 earnings: Revenues exceed analyst expectations Full year 2023 results: Revenue: €37.4m (up 88% from FY 2022). Net loss: €3.62m (loss narrowed 54% from FY 2022). Revenue exceeded analyst estimates by 20%. Revenue is forecast to stay flat during the next 3 years compared to a 5.2% growth forecast for the Entertainment industry in Germany. Announcement • Apr 16
Pantaflix AG to Report Fiscal Year 2023 Results on Apr 22, 2024 Pantaflix AG announced that they will report fiscal year 2023 results on Apr 22, 2024 New Risk • Apr 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (€12k net loss in 2 years). Shareholders have been diluted in the past year (6.2% increase in shares outstanding). Market cap is less than US$100m (€51.5m market cap, or US$54.8m). Announcement • Feb 02
Pantaflix AG, Annual General Meeting, Aug 26, 2024 Pantaflix AG, Annual General Meeting, Aug 26, 2024. New Risk • Oct 05
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €5.9m Forecast net loss in 2 years: €12k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€12k net loss in 2 years). Shareholders have been diluted in the past year (7.0% increase in shares outstanding). Market cap is less than US$100m (€29.1m market cap, or US$30.6m). Announcement • Jul 28
Pantaflix AG to Report First Half, 2023 Results on Sep 29, 2023 Pantaflix AG announced that they will report first half, 2023 results on Sep 29, 2023 Reported Earnings • Jul 02
Full year 2022 earnings: Revenues exceed analyst expectations Full year 2022 results: Revenue: €23.1m (down 46% from FY 2021). Net loss: €7.88m (loss widened 271% from FY 2021). Revenue exceeded analyst estimates by 5.4%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Entertainment industry in Germany. Announcement • Jun 23
Pantaflix AG announced that it has received funding from Handelsblatt GmbH Pantaflix AG announced that it has raised private placement in a round of funding on June 22, 2023. The transaction included participation from new investor Handelsblatt GmbH Price Target Changed • Apr 08
Price target decreased by 37% to €1.15 Down from €1.83, the current price target is an average from 2 analysts. New target price is 102% above last closing price of €0.57. Stock is down 57% over the past year. The company is forecast to post a net loss per share of €0.39 next year compared to a net loss per share of €0.10 last year. Price Target Changed • Nov 17
Price target decreased to €1.90 Down from €3.30, the current price target is an average from 2 analysts. New target price is 135% above last closing price of €0.81. Stock is down 34% over the past year. The company is forecast to post a net loss per share of €0.23 next year compared to a net loss per share of €0.10 last year. Breakeven Date Change • Nov 17
Forecast breakeven date pushed back to 2024 The 2 analysts covering Pantaflix previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 31% per year to 2023. The company is expected to make a profit of €950.0k in 2024. Average annual earnings growth of 92% is required to achieve expected profit on schedule. Reported Earnings • Sep 28
First half 2022 earnings released: EPS: €0 (vs €0.12 loss in 1H 2021) First half 2022 results: EPS: €0. Revenue: €10.1m (down 56% from 1H 2021). Net loss: €2.71m (loss widened 23% from 1H 2021). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Entertainment industry in Germany. Reported Earnings • Jun 11
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: €47.2m (up 449% from FY 2020). Net loss: €2.13m (loss narrowed 70% from FY 2020). Revenue exceeded analyst estimates by 35%. Over the next year, revenue is expected to shrink by 46% compared to a 130% growth forecast for the industry in Germany. Price Target Changed • Apr 27
Price target decreased to €2.35 Down from €3.30, the current price target is an average from 2 analysts. New target price is 68% above last closing price of €1.40. Stock is up 9.8% over the past year. The company is forecast to post a net loss per share of €0.065 next year compared to a net loss per share of €0.42 last year. Breakeven Date Change • Apr 27
Forecast breakeven date pushed back to 2022 The 2 analysts covering Pantaflix previously expected the company to break even in 2021. New consensus forecast suggests losses will reduce by 82% to 2021. The company is expected to make a profit of €600.0k in 2022. Average annual earnings growth of 50% is required to achieve expected profit on schedule. Reported Earnings • Oct 15
First half 2021 earnings released: €0.12 loss per share (vs €0.28 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: €22.7m (up 324% from 1H 2020). Net loss: €2.20m (loss narrowed 48% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Executive Departure • Aug 10
Chief Operating Officer Thilo Schlüter has left the company On the 2nd of August, Thilo Schlüter's tenure as Chief Operating Officer ended after 2.3 years in the role. We don't have any record of a personal shareholding under Thilo's name. Thilo is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.46 years. Reported Earnings • Jun 27
Full year 2020 earnings released: €0.42 loss per share (vs €0.50 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: €8.59m (down 70% from FY 2019). Net loss: €7.10m (loss narrowed 8.1% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Jan 21
New 90-day high: €1.58 The company is up 14% from its price of €1.38 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Entertainment industry, which is up 24% over the same period. Price Target Changed • Jan 20
Price target lowered to €2.90 Down from €3.29, the current price target is provided by 1 analyst. The new target price is 151% above the current share price of €1.16. As of last close, the stock is down 35% over the past year. Is New 90 Day High Low • Dec 04
New 90-day low: €1.09 The company is down 13% from its price of €1.25 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 20% over the same period. Is New 90 Day High Low • Nov 05
New 90-day low: €1.16 The company is down 11% from its price of €1.30 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 15% over the same period. Reported Earnings • Oct 17
First half earnings released Over the last 12 months the company has reported total losses of €5.76m, with losses narrowing by 47% from the prior year. Total revenue was €19.6m over the last 12 months, down 46% from the prior year. 
