United Internet stock holds gains as EBITDA rises 10%

Published on 11/12/2026 at 18:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

United Internet stock traded near Thursday's Xetra close after the group reported stronger nine-month operating figures. Management kept its 2026 targets unchanged.

United Internet reports stronger nine months

Revenue and adjusted operating EBITDA increased during the first nine months of 2026.
IONOS and Mail & Media drove contract growth, while 1&1 customer numbers declined after tariff changes.
United Internet maintained its 2026 sales and operating EBITDA targets.

United Internet, DE0005089031, Illustration mit AI erstellt.

United Internet reported stronger operating performance for the first nine months of 2026, while keeping its full-year targets unchanged. The company said in its November 12 release that revenue rose 3.0 percent to EUR 4.6383 billion.

United Internet stock traded at 24.79 euros on Lang & Schwarz at 18:09 CET on Thursday, November 12, 2026, 0.04 percent above the Xetra close of 24.78 euros from Thursday, November 12. The Xetra session had ended before the evening quote.

Profit growth meets uneven demand

Adjusted operating EBITDA increased 10.0 percent to EUR 1.0628 billion, while operating EBIT advanced 25.4 percent to EUR 555.7 million. Operating earnings per share from continuing operations reached EUR 1.26, compared with EUR 0.75 a year earlier, or EUR 1.04 after transformation and restructuring costs.

The third quarter included EUR 61.3 million in one-off expenses from transformation and restructuring programs at 1&1 Versatel and IONOS. The figures therefore combine stronger underlying profitability with charges that affected reported earnings.

Customer mix remains the key issue

Fee-based customer contracts increased by 770,000 to 30.49 million. IONOS added 690,000 contracts and Mail & Media contributed 300,000, while 1&1 lost 220,000 contracts after changes to its discount tariff portfolio.

Mobile internet contracts declined by about 150,000 in the second quarter and about 90,000 in the third quarter. Broadband connections increased by 20,000 during the first nine months, highlighting the differing trends across the telecommunications portfolio.

Guidance leaves execution in focus

United Internet continues to target 2026 revenue of approximately EUR 6.25 billion and operating EBITDA of approximately EUR 1.45 billion. Planned cash capital expenditure remains between EUR 600 million and EUR 650 million, below the EUR 730.8 million reported for 2025.