Polsat Plus posts solid Q2 numbers

Polish service provider Polsat Plus added 45,000 multiplay customers in Q2, taking its total 2.46 million. Overall, the group now has over 20 million pay TV, phone and internet revenue-generating units.

Polsat Plus said that the number of contract services for B2C customers increased by 161,000 year-on-year to 13.35 million.

Average monthly revenue per user was up by 3.5% to PLN70.20.

The number of prepaid services sold by the group increased to 2.77 million, in part due to the distribution of free starter sets to Ukrainian refugees.

The revenue of Polsat Plus Group from TV advertising and sponsoring was characterised as stable, as compared to the declining overall market In Q2. Ad revenue was PLN330 million.

Polsat Plus Group’s total revenue increased by 5.8% to PLN3.2 billion for the quarter. EBITDA was PLN900 million.

“Gradual consolidation of ARPU of residential customers is transforming into stable growth of retail revenue, which is also accompanied by strong revenue growth from sale of smartphones, compensating for the loss of wholesale revenue. The stable EBITDA  for B2C and B2B segments is worth noting. It has been achieved in spite of the inflation pressure and the growing energy costs. The media segment, in turn, demonstrates growing revenues from online advertising, revenues from cable and satellite operators as well as from sale of licences. The real estate segment and the high production of electrical power by the high-capacity solar power plant in Brudzew also contributed positively to the Group’s results,” says Katarzyna Ostap-Tomann, management board member and CFO of Cyfrowy Polsata and Polkomtel, Polsat Plus Group.