Poland’s Cyfrowy Polsat ended the first quarter with a total of 4,992,356 contracted subscribers to its pay-TV services.
This, according to the company’s latest set of results, was 1.7% lower than in the same last year and was mainly due to a lower number of provided TV services.
Within that total, 1,187,199 (+1.6%) opted for multiroom services.
Its RGU total at the end of Q1 stood at 17,435,613, a 2.7% increase on a year earlier.
Cyfrowy Polsat’s revenues in Q1 amounted to €658.5 million, up from €645.3 million a year earlier. Its operating costs were -€553 million (-€535.6 million) and net profit €42.6 million (€68.7 million).
Cyfrowy Polsat notes that Polsat Group had a 28.1% share on of the TV ad market in Q1, up 0.1pp on a year earlier.
However, it also says it expects a slowdown of the market due to a high level of uncertainty and as well as multiple factors affecting the market.
