Unitymedia posts 10% rise in Q4, FY revenue

23 Feb 2012

German cableco Unitymedia, a subsidiary of US company Liberty Global, has reported revenue of EUR267.5 million (USD354 million) for the fourth quarter of 2011, an increase of 10% year-on-year, while full year 2011 turnover also rose 10% to EUR1.025 billion. The company said that growth was primarily due to increased revenue from its advanced services, particularly the accelerated take-up of its ‘Unity3play’ triple-play product bundles. This – alongside lower bad debt and network-related costs – helped to boost adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) by 17% year-on-year in Q4 2011 to EUR158.5 million and by 18% in FY 2011 to EUR613.2 million. The company said the loss from continuing operations improved from EUR37.6 million in Q4 2010 to EUR11.9 million in the corresponding period of 2011, and was EUR133.7 million in the twelve months ended 31 December 2011, compared to a loss of EUR167.9 million in 2010.

Total revenue generating units (RGUs) rose 7% from 6.047 million at the end of 2010 to 6.489 million twelve months later, including 1.032 million internet RGUs and 1.028 million telephony RGUs, both up 32% year-on-year. Digital cable TV customers grew 13% over the period to 1.735 million. Unitymedia said it achieved its year-end upgrade target with availability of high speed broadband internet services based on the EuroDOCSIS 3.0 technology in 97% of its two-way homes passed, enabling eight million households in the company’s footprint to subscribe to internet services with download speeds of over 100Mbps.

Germany, Unitymedia