United Internet Second Quarter 2024 Earnings: Misses Expectations

United Internet (ETR:UTDI) Second Quarter 2024 Results

Key Financial Results

• Revenue: €1.54b (up 3.5% from 2Q 2023).
• Net loss: €126.2m (down by 286% from €68.0m profit in 2Q 2023).
• €0.73 loss per share (down from €0.39 profit in 2Q 2023).

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

United Internet Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 9.0%.

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany.

Performance of the German Telecom industry.

The company's shares are down 14% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for United Internet (of which 1 is potentially serious!) you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.