Rai Way S.p.A. (0R40) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, this is the conference operator. Welcome and thank you for joining the Raiway 9-month 2025 results analyst web call. All participants are in listen-only mode and after the presentation there will be a Q&A session. At this time, I would like to turn the conference over to Mr. Andrea Moretti, head of IR or Raiway. Please go ahead, sir. Thank you, operator, and thank you all for attending our conference call. The call will be held, as usual, by our CFO, Adalberto Pellegrino, CEO, of course, Roberto Cecatto, and our Chief Corporate Development Officer, Giancarlo Benucci. Please, Mr. Cecatto, go ahead. Thank you, Andrea. Good evening to everyone. Let's restart. In slide four... Okay. Okay. In slide 4, we summarized the main achievements of the period, both in terms of financial results and in terms of operating activities. The first nine months' financials were particularly solid, even better than our beginning of the year expectation, and showed a clear continuity with the already strong result that we posted at the end of June. Revenue grew even accelerated to basically 3% in the third quarter compared to the plus 2% recorded in the first half. Both business segments grew faster compared to the CPI link contribution. In fact, media distribution services benefited from the expansion of DAB radio coverage for RAI representing around 85% of the increase in the revenues from new services to RAI. But also the radio broadcaster also pushed the digital infra division because of the rising needs of towers to extend private operators' DAB networks. And let's not forget the initial contribution for diversification initiatives, namely data center and CDN, have though still limited as I will elaborate more in a while. Moving to profitability, adjusted EBITDA rose by...