1&1 Third Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

1&1 (ETR:1U1) Third Quarter 2023 Results

Key Financial Results

• Revenue: €1.04b (up 4.0% from 3Q 2022).
• Net income: €73.0m (down 25% from 3Q 2022).
• Profit margin: 7.0% (down from 9.8% in 3Q 2022).
• EPS: €0.41 (down from €0.56 in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

1&1 Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 9.4%.

Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Wireless Telecom industry in Europe.

Performance of the market in Germany.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with 1&1 (including 1 which is a bit concerning).

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