United Internet AG : Q3 2024: IONOS acceleration, 1&1 below expectations
>IONOS (Outperform): revenue acceleration (thanks to price hikes) - For Q3 2024, IONOS reported revenues up by 11% y-o-y at € 390m (ODDO BHF € 388m, css € 390m). Q3 2024 adjusted EBITDA was up by 13% at € 119m, 3% above expectations (ODDO BHF € 120m, consensus € 116m). The company added 20,000 new contracts (in line with Q2). Good news: webhosting revenues accelerated from 10% y-o-y to 12% y-o-y in Q2, thanks to price hikes, while aftermarket revenues returned to grow...United Internet AG is a Germany-based Internet service provider (ISP) and holding company of the United Internet Group. The Company's products and technical services are divided into two key segments. The Access segment comprises narrowband, broadband and mobile access subscriptions, including the corresponding applications. The Applications segment includes such applications as home pages, e-shops, Personal Information Management applications, group work, online storage and office software. The Application segment also includes the operations of the Company's brands Sedo and affilinet, which serve customers performance-based advertising and sales possibilities. The Company's brand portfolio also includes GMX, WEB.DE, 1&1, united-domains, Fasthosts and InterNetX. In addition, the Company develops Internet based applications, such as cloud applications. The Company acts primarily via its wholly owned subsidiary 1&1 Internet AG, and Sedo Holding AG, in which it holds a majority stake.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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