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Digi grows revenues, cable TV base

November 15, 2019 09.25 Europe/London By Chris Dziadul

Digi Communications had total revenues of €299.4 million in the third quarter, up from €270 million in the same period last year.

At the same time, its adjusted EBITDA rose from €87.9 million to €127.5 million over the same period.

In its latest set of results, the company notes that revenues in its main market Romania increased as a result of price increases in all residential services that came into effect in March this year, as well as an increase it fixed internet and data and cable TV RGUs.

Meanwhile, its revenues in Hungary slightly decreased mainly as a result of ARPU decrease and the negative FX impact of the depreciation of the Hungarian forint.

In Romania, which had revenues of €190.9 million (+7.5% year-on-year) in Q3, the number of cable TV subscribers rose by 289,000 to 3,523,000 in the year to September 30.

At the same time, the number of DTH subscribers fell by 34,000 to 510,000.

Cable TV ARPU in Q3 was €5.3 (+6%) and DTH ARPU €5.1 (+6.3%). In Hungary, on the other hand, revenues in Q3 amounted to €53.1 million, down 2.7% on the same period last year.

The number of cable TV subscribers rose by 19,000 to 704,000, while the DTH subscriber total fell by 13,000 to 275,000.

Cable TV ARPU fell by 6% to €7.8, while DTH ARPU was down 3.4% to €8.6.

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Filed Under: Cable, Central & East Europe, IPTV, Newsline, Platforms Tagged With: Digi Communications, Hungary, Romania Edited: 15 November 2019 09:25

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About Chris Dziadul

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