FabianLast Friday, Signify, the manufacturer of Philips Hue, announced its financial results for the third quarter of 2025. The key figures can be found in the official press release: Revenue fell by 8.4 percent, and profits also declined significantly.
This was mainly due to the conventional business and OEM solutions, where sales fell by over 20 percent. However, this was already foreseeable, particularly in the conventional lighting sector, and was also calculated as such by Signify.
This is how things are going at Philips Hue and WiZ
In addition to simple light bulbs, Signify also has two smart brands: Philips Hue and WiZ. Things are going much better here, with sales up 3.7 percent compared to the previous year. The new managing director, As Tempelmann, attributes this primarily to the new Hue portfolio, which was launched in early September, at least in part.
“The market launch in September exceeded our expectations and created strong demand with excellent implementation, including well-managed availability on our e-commerce websites,” says Tempelmann, who took over the management of the company just a few weeks ago.
This kindly worded statement is a little surprising, because apart from the Hue Bridge Pro and the Hue Essential series, few of the new products were launched in September. This makes it all the more exciting to see how the figures in this business segment will develop in the fourth quarter. Last year, apart from the Hue Play HDMI Sync Box 8K, there were hardly any new products worth mentioning.
Things will definitely get a little more exciting in the coming weeks. Four new light strips for indoor use, two new outdoor strips, and the expansion of the Festavia series are still to come.
