Deutsche Telekom’s latest quarterly figures show a slowdown in the growth of its TV customer base in Germany.
According to Telekom’s Q1 2025 report, the telco added just 37,000 new TV subscribers to its TV platform MagentaTV in Germany between January and March – only half the growth recorded in the same period last year. In Q1 2024, the number of new subscribers amounted to 73,000.
The Q1 2025 TV additions also fall short of the 48,000 new TV customers Telekom gained in Germany in the fourth quarter of 2024. In total, MagentaTV had 4,675 million customers on 31 March 2025.
Despite this, the telco had a strong financial start into the year. In Q1 2025, total revenue increased by 6.5% against the prior-year period to €29.8 billion. Adjusted EBITDA AL grew by 7.9% to €11.3 billion. Reported net profit increased by 43.5% year-on-year to €2.8 billion in the first quarter.
“Our figures speak a clear language: We remain on the right course,” said Tim Höttges, CEO of Deutsche Telekom. “We are yet again proving our resilience in the face of a challenging environment.”
