Unitymedia Q3 EBITDA jumps 25%

12 Nov 2009

German cableco Unitymedia has posted its results for the three months ended 30 September 2009, reporting total cable revenue of EUR226.7 million (USD340 million), up 3% from EUR219.3 million generated a year earlier. The increase was primarily due to increased revenue from New Services (comprising internet, telephony and digitial pay-TV) amounting to EUR55 million, up 25% year-on-year. Adjusted cable earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter increased 12% compared to the same period of 2008, to total EUR113.4 million. Capital expenditure for the cable segment decreased from EUR59.9 million for the third quarter of 2008 to EUR56.9 million a year later.

Unitymedia’s Revenue Generating Units (RGUs) at 30 September 2009 totalled 6.43 million, up from 6.03 million a year earlier, while New Services RGUs jumped 39% year-on-year to reach 1.88 million. Revenue from internet business increased from EUR14.9 million in the three months ended 30 September 2008 to EUR24.7 million a year later, with retail broadband RGUs totalling 537,000 (up from 326,000) and wholsesale internet RGUs reaching 340,000 at the end of Q3 2009 (up from 193,000). Telephony revenue rose to EUR19.4 million at the end of Q3 2009, up from EUR14 million a year earlier, with RGUs rising 74% year-on-year to 535,000. Revenue from the digital pay-TV business decreased from EUR15.1 million in the third quarter of 2008 to EUR11 million a year later, while RGUs fell to 470,000 at 30 September 2009, down from 531,000 a year earlier.

Germany, Unitymedia