Hungary’s Magyar Telekom gained more than 60,000 IPTV customers in the year to June 30 in its home market, helped by the migration from cable.
However, its DTH subscriber total declined over the same period.
The company’s latest results show that it ended Q2 with a total of 971,309 TV customers, or 3.2% more than a year earlier.
Meanwhile, its blended TV ARPU was HUF3,420 (€11), or 3.9% more than a year earlier.
The higher TV APRU, coupled with a higher customer base, allowed TV revenues to rise by 7.2% year-on-year in Q2.
Meanwhile, in other markets, the company saw its TV subscriber total in Macedonia rise by 5.8% year-on-year in Q2 to 105,432.
However, TV revenues fell by 2.2% year-on-year to HUF749 million.
On the other hand, in Montenegro its TV customer total fell by 2.9% year-on-year in Q2 to 59,905, while revenues increased by 2.8% to HUF580 million.
The group as a whole had revenues of HUF148,166 million in Q2 (-6.5% year-on-year), while its operating profit was HUF22,873 million (-10.2%). EBITDA was 2% down at HUF51,154 million.