German cableco Unitymedia has reported its financial results for the three months ending 31 March 2008. Revenues and EBITDA showed year-on-year increases of 11% and 15% respectively, on the back of strong growth in revenue-generating units (RGUs).
Total cable revenues in the quarter amounted to EUR200.4 million (USD312.4 million), up 11% from EUR180.8 million in the first quarter of 2007. New services accounted for EUR35.2 million, up 59% year-on-year from EUR22.2 million, while basic cable revenues (for analogue and basic digital TV access) increased 2% yearly to EUR136.5 million, primarily as a result of a 17% price hike introduced on 1 January for the analogue service, designed to encourage the switch from analogue to digital reception. 20% of Unity´s basic cable subscribers had digital access at 31 March. Internet revenues increased by 78% to EUR8.9 million for the first quarter, highlighting the introduction of new single, dual and triple-play products. Turnover in the telephony business increased from EUR4.5 million in 1Q 2007 to EUR11.9 million in 1Q 2008, representing an increase from 2% to 6% of total revenues, mirroring the growth in internet business; over 90% of new retail broadband customers also take telephony. Net profit for the quarter was EUR39.5 million, compared with a loss of EUR4 million in the year-earlier period.
By 31 March, Unity had a total of 5.8 million RGUs; 4.7 million were basic cable TV subscribers, a fall of 3.1% compared to 31 March 2007, while 1.1 million took Unity’s ‘New Services’, up 71.4% in the same period. These comprised 485,000 digital TV subscribers (up 20.6%), 244,000 retail broadband users (up 137.5%), 132,000 takers of the ‘Multimedia Anschluss’ service (wholesale broadband for landlords – up 176.4%) and 222,000 telephony customers (up 181%).