Poland’s Cyfrowy Polsat lost B2C 215,000 pay-TV subscribers in the year to June 30.
According to the company’s latest results, it had 5,117,000 as of the end of Q2, compared to 5,332,000 in the same period last year.
This amounted to a 4% reduction in its base and was mainly down to price repositioning and change in the strategy of offering its video online services, the lower number of provided satellite TV services as well as the decision to discontinue its mobile TV service. It was partially compensated by the increasing number of TV services offered in online technologies (IPTV/OTT).
Polsat Group as a whole had revenues of PLN3,228.1 million (€687.6 million) in Q2, up from PLN3,159.7 million a year earlier.
Its EBITDA fell from PLN1,140.9 million to PLN893.3 million and net profit fell from PLN541.7 million to PLN282.7 million.
