Magyar Telekom’s TV revenues in Q4 2021 in its home market Hungary amounted to HUF13,089 million (€36.6 million), or 8% more than in the same period a year earlier.
Meanwhile, its TV customer total increased by 6.3% in 2021 to 1,315,839, with blended TV ARPU growing by 1.9% year-on-year to HUF3,360 in Q4 2021.
In its latest set of results, Magyar Telekom says the increase in TV revenue was once again driven by the expanding IPTV customer base, as well as the successful more-for- more pricing which led to an uplift in ARPU.
Meanwhile, in North Macedonia Magyar Telekom’s subsidiary ended Q4 2021 with 1,423,000 TV subscribers, or 5% more than a year earlier. Its TV customers total was up 2.4% at 145,894.
Magyar Telekom notes that competition in the country is expected to intensify with the entrance of Telekom Srbija into the market.
Magyar Telekom had total revenues of HUF700,120 million in 2021, or 4% more than a year earlier.
Its EBITDA was HUF240,771 million (+6.6%) and profit HUF62,847 million (35.7%).