Ovh Groupe

Ladies and gentlemen, welcome to OVHcloud Q3 FY2026 Revenue. Today's speakers will be Octave Klava, Chairman and CEO of OVHcloud, and Stephanie Benya, CFO. I now hand over to OVH Management to begin today's conference. Thank you.

Hello, everybody. I'm Octave Klava, Chairman and CEO of OVHcloud. Thanks for joining us today. Let me start with the key highlights of our Q3 FY26 on the slide, too. So this quarter, we generated $290 million in revenue. We had a 9.6% of growth, net retention 100%. On the revenue for nine months, year-to-date, 845, 6% of revenue like for like, and we confirm all guidelines for FY26. So some business highlights. We were selected for the European Commission with consortium, very happy to be part of this journey. Also, we continue to refresh and to upgrade our intro level offers like BPS 27, Dominance 27, Webcasting 27, to continue to acquire and to be really aggressive on the acquisition of the new customers. Another point is acquisition of Gladia, AI company, Stitch2Text.stt. and the goal is to build up and to continue to build up our sovereign and multi-model AI for our customers. And the last one is we launched the preview of OVH AI workspace during the VitaTech that is open and collaborative agenting AI platform. On the operational side, we finished organization on the corporate. So we have right now the new team in place. We know we have a team in different countries. We're happy to do that. We still have the different things to finish on the digital cloud and web cloud. That should be done in the next weeks. On the Q3, we had, of course, an anticipated increase of the CAPEX, but it was fully anticipated. We don't have the main impact on the CAPEX because we've been working very well last quarter to avoid the bad use on the CAPEX on the Q3, and this will be also on the Q4. And then, of course, strength financial discipline to maintain our cost and focus on the cash generation. Stephanie will now talk about our financials.

Thank you, Octave. Hello, everyone. This is Stephanie Stittling. So, as Octave said, in Q3, we delivered a life-long growth of 6.9%, a clear acceleration compared with our H1. So this was driven by, first, on public cloud, we are up 20.2% like for like, back above 20%. And by far, the main driver of our growth, adding 11.1 billion euros to our revenue. Second, on private cloud, we are up 4% like for like, contributing 6.6 million euros. And last, with cloud and others, we are up 2% like for like. On a reported basis, our growth stood at 6.5%. And now we turn to slide five for a deep dive on each of our business segments. And we start with private cloud. So we are now slide five. So private cloud includes, as you remember, brown metal cloud and hosted private cloud. In two three, private cloud reached 174 million in revenue. representing around 60% of group revenue and growing 4% life-or-life. Over nine months now, it stands at 511 million euros and we are up 3.6% life-or-life. On Barnetal, we continue to benefit from the repositioning of our entry-range offers. Our customer acquisition on Starter keeps accelerating a direct payoff from the new entry-level positioning retribution. On Scalers and Corporate, we keep seeing sustained upselling across our existing customer base. On Hosted Friday Cloud, now the corporate segment is growing, supported by the ramp-up of strategic deals, and this momentum is offsetting an infrastructure-optimizing movement as some customers' right size and environment are impacted by Brutcom's price increases. On the private side, we launched our new high-end hardware for managed VMware. It's designed to support the most critical workloads. We move to the next slide. Now we are on public cloud. So public cloud, clearly, is a standard performance in quarter. In Q3, To be clear, we reached 66 million in revenue, around 22% of total group revenue, and grew 22.2% life-for-life. So, like I said, we are back above 20% for the first time since Q4 2023. Over nine months, it stands at 184 million, up to 16.9% life-for-life. And the solutions now. For starters, we see solid new customer acquisition. And for scalers and corporates, we have strong Excel driven by the breadth of our portfolio of products and the traction of our three AV regions in Paris and Milan. On entry-range offerings and notably on BPS, so for starters, our customer acquisition remains exceptionally strong. supported by the Offer Renewal, despite supply constraints. Let's now turn to WebCloud. We are on slide 7. So in Q3, WebCloud delivered $15 million in revenue, representing around 17% of group revenue and growing 2% life-for-life. Now, excluding telephony and connectivity, our legacy segments, growth reached 5% like for like. Over nine months, WebCloud stands at 150 million, up 2.2% like for like. This quarter, we took the first step in the redesign of our offering. We launched our new web hosting offers and we have now migrated our entire customer base on these new plans. We also enriched the range of new high value offers namely managed hosting for WordPress and OVHcloud Video Center as we move the web cloud business model up the value chain. Finally, in terms of dynamics, customer acquisition accelerated on the back of our offensive sales strategy, led by strong momentum in the domain name, Segmax. And now I will take you through our geographic performance on slide eight. So we start with France on the left. France represents 48% of our revenue and grew 5.8% life for life in Q3. So it's a slight sequential improvement versus the first half. Public cloud growth accelerates above 20%, we saw it. It's supported again by the ramp up of the Paris 3AZ region. Private cloud shows positive early returns from the BarMetal entry-range repositioning, and WebCloud delivers a resilient performance, underpinned by support services and the resilience of the domain name business. Moving to Eurac, excluding France in the middle of the slide, it represents 29% of revenue and grew 7.4% like for Lightning Q3. Both rebound sharply, more than double the rate of the first half, driven by accelerating public cloud momentum, while private cloud delivers steady growth on the back of our price performance repositioning. And finally, rest of world, which represents 23% of revenue and grew 8.6% life for life in Q3. Growth is led by the ongoing build-out of public cloud and by the resilience of private cloud across the region. I will now hand over to OTA for the final slide on the auto. Sorry.