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Freenet Stock: Plunges Amid Leadership Shakeup

Felix Baarz by Felix Baarz
August 7, 2025
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Freenet’s shares tumbled 5.7% to a nine-month low after disappointing Q2 results, with revenue missing forecasts by 1.5% (€609M) and EBITDA falling short at €129M. The telecom giant faces mounting pressure as mobile revenues declined year-over-year, forcing a downgrade in annual customer revenue projections from "stable" to "moderate decline." Streaming service Waipu TV also stagnated, lagging behind competitors. Despite a brighter spot—free cash flow beating expectations by 9.4% (€83M)—investors remain wary, particularly as new leadership takes charge during the downturn.

Restructuring Amid Turbulence

The company announced a drastic board reduction from six to two members, leaving only the CEO and CFO to steer operations. H1 2025 results showed muted growth: revenue edged up 0.9% (€1.21B), while EBITDA rose marginally to €257.4M. Mobile ARPU dropped to €17.40, reflecting intense market competition. Freenet maintains its 2025 EBITDA target of €520M–€540M, but analysts question its feasibility amid sector headwinds. The stock’s year-to-date decline contrasts sharply with the MDAX’s 20% gain, signaling further challenges ahead.

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Felix Baarz

Felix Baarz

My name is Felix Baarz, and I look back on over fifteen years of experience as a business journalist. I have always been fascinated by the mechanisms and dynamics of global financial markets as well as the complex economic and political interconnections that shape our world. With this passion, I have made a name for myself as an expert on international financial markets and dedicate myself with great commitment to making even the most complex topics understandable and accessible to my readers. My roots lie in Cologne, where I was born and raised. Early on, my curiosity about economic topics and international developments sparked my interest in journalism. After completing my studies, I began my career as a business editor at a respected German trade publication. Here I laid the foundation for my professional career, but my curiosity soon drew me out into the wider world. A turning point in my life was moving to New York, where I lived for six years and gained insight into leading media houses. In this vibrant metropolis, I was able to report firsthand from the heart of the global financial world. From daily developments on Wall Street to major economic policy decisions that make waves worldwide, I had the opportunity to write about central topics that move people and markets alike. This time shaped my perspective and sharpened my view of global interconnections.

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