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Cyfrowy Polsat gains RGUs but sees profit fall

May 14, 2020 12.19 Europe/London By Chris Dziadul

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.

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Filed Under: Central & East Europe, Newsline Tagged With: Cyfrowy Polsat, Poland Edited: 14 May 2020 12:19

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About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

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