Ströer delivers successful third quarter of 2026 – Digital Out of Home drives growth

Ströer continued its growth trajectory in the third quarter. Consolidated revenue rose by 4 percent to EUR 513 million in this period (Q3 2025: EUR 492 million). Once again, the main growth drivers were Digital Out of Home and programmatic Digital Out of Home advertising (Q3 2026: +11% / +21%) as well as the Dialog business (Q3 2026: +30%).

After nine months, revenue at EUR 1,550 million was 5 percent above the prior-year level (9M 2025: EUR 1,472 million); organic growth for the period amounted to 2.1 percent (9M 2025: -0.4%).

EBITDA (adjusted) amounted to EUR 148 million in the third quarter (Q3 2025: EUR 147 million), while consolidated net profit (adjusted) for the period came in at EUR 35 million (Q3 2025: EUR 34 million).

In the first nine months of 2026, EBITDA (adjusted) improved slightly, by 2 percent, to EUR 421 million compared with the prior-year period (9M 2025: EUR 414 million). EBIT (adjusted) increased by 4 percent to EUR 183 million (9M 2025: EUR 176 million), and consolidated net income (adjusted) rose by 5 percent to EUR 90 million (9M 2025: EUR 86 million).

Cash flows from operating activities rose to EUR 258 million after nine months (9M 2025: EUR 243 million), mainly due to less cash being tied up in working capital.

“Digital Out of Home remains the most important growth driver of our core business. We are expanding our network in a targeted manner and benefiting from the demand for programmatic campaigns. Our Dialog business is also growing strongly. In light of these developments, we are confident about the fourth quarter and confirm our full-year guidance,” says Udo Müller, CEO of Ströer SE & Co. KGaA.

OoH Media

Digital Out of Home (DOOH) grew by 11.0 percent in the third quarter, with programmatic DOOH up 21.1 percent. Services increased by 34.2 percent, while classic Out of Home declined by 4.4 percent. As a result, revenue of the OoH Media segment for the third quarter rose by 3.6 percent to EUR 245 million (Q3 2025: EUR 236 million).

After nine months, segment revenue increased by 6.5 percent to EUR 737 million (9M 2025: EUR 691 million).

EBITDA (adjusted) amounted to EUR 111 million in the third quarter (Q3 2025: EUR 114 million). For the first nine months, EBITDA (adjusted) rose by 5.7 percent to EUR 336 million (9M 2025: EUR 318 million).

Digital & Dialog Media

Digital & Dialog Media increased its third-quarter revenue by 15.7 percent to EUR 239 million (Q3 2025: EUR 206 million) and its EBITDA (adjusted) by 19.1 percent to EUR 38 million (Q3 2025: EUR 32 million). In the first nine months, revenue grew by 14.8 percent to EUR 714 million (9M 2025: EUR 622 million).

Revenue in the Digital business rose slightly to EUR 104 million in the third quarter of 2026 (Q3 2025: EUR 103 million). After nine months, revenue showed stronger growth, increasing by 2.1 percent from EUR 306 million to EUR 312 million, driven in particular by the positive performance in the second quarter. The Dialog business grew by 30.4 percent to EUR 135 million in the third quarter (Q3 2025: EUR 103 million) and by 27.1 percent to EUR 402 million after nine months (9M 2025: EUR 316 million).

EBITDA (adjusted) reached EUR 95 million after nine months (9M 2025: EUR 91 million).

DaaS & E-Commerce

Revenue in the DaaS & E-Commerce segment declined, amounting to EUR 74 million in the third quarter (Q3 2025: EUR 85 million) and EUR 229 million after nine months (9M 2025: EUR 261 million).

At Statista, this development was attributable to the sale of the strategy and consulting unit and negative currency effects. At Asam, subdued consumer demand weighed on performance.

The segment’s EBITDA (adjusted) amounted to EUR 6 million in the third quarter (Q3 2025: EUR 10 million) and EUR 17 million after nine months (9M 2025: EUR 30 million).

Outlook

Ströer expects its business performance to remain positive in the fourth quarter. Against this backdrop, Ströer confirms its full-year outlook for 2026.