Overview
- Vodafone Germany's TV subscriber base fell by 81,000 in Q1 FY2025, continuing a downward trend despite no new regulatory impacts.
- The repeal of the Nebenkostenprivileg in July 2024 triggered a significant loss of 2.2 million TV customers, with declines persisting into 2025.
- Vodafone remains the market leader in Germany with 8.8 million TV subscribers but faces intensified competition from Deutsche Telekom, Zattoo, and waipu.tv.
- Deutsche Telekom gained 37,000 Magenta TV customers in Q1 FY2025, as former Vodafone customers seek alternatives or exit the paid TV market altogether.
- Vodafone's FY2024/25 financial results show a 5% drop in service revenue and a 12.6% decline in EBITDA, driven by TV customer losses.