Vodafone saw contrasting revenue fortunes in Germany and Spain, two of the main markets in Europe in which it operates TV services, in the quarter ending December 31, 2018.
In its latest set of results, the company notes that total revenues in Germany in the quarter amounted to €2,802 million, up from €2,772 million in the corresponding period in 2017. Service revenues accounted for €2,590 million, up from €2,564 million.
In Spain, on the other hand, total revenues in the quarter were €1,308 million (down from €1,256 million), of which €1,188 million (€1,157 million) were services revenues.
In Germany, the company added 95,000 consumer converged customers in the quarter, taking the total to 1.3 million. It switched off analogue TV services to over 70% of its cable customers and Gigabit technology has now been activated to 50% of its cable footprint, reaching over 6 million households.
In Spain, on the other hand, Vodafone’s income was in part impacted last year by its decision not to renew unprofitable football rights. However, the churn it subsequently saw in its TV customer base of -69,000 was then reversed in the quarter ending December 31, when it added 13,000.
Vodafone notes that its group revenues in the quarter ending December 31 amounted to €10,996 billion, or 6.8% less than a year earlier. This was in part due to the adoption of IFRS15.
Vodafone also notes that the VodafoneZiggo joint venture will report its latest results in February.
