MP profits slide, but customer and revenue growth remain strong

19 Nov 2012

Polish broadband operator Multimedia Polska (MP) has booked revenues of PLN174.868 million (USD53.54 million) for the three months ended 30 September 2012, up from PLN156.357 million in the year-earlier period. A 17% year-on-year rise in operating expenses, led by increasing programming (up 32%) and network costs and a surge in professional service expenses – attributed to the strategic audit carried out earlier this year – caused a slide in net profits for the period to PLN14.138 million, from PLN20.971 million twelve months earlier.

MP’s policy of bundling services has seen a rise in revenue generating units (RGUs) per unique customer to 2.11 in Q3 2012, from 2.08 in Q2 2012. The company recorded a total of 1.729 million RGUs (from 1.477 million in Q3 2011) split between 819,500 subscribers, including 978,200 video RGUs, 467,400 broadband and 283,500 voice. There were 421,400 subscribers signed up to a single service, whilst 280,900 took double-play packages and 117,300 triple-play. ARPU for voice-over-internet protocol (VoIP) and data services have seen a decline quarter-on-quarter, though video and TV services have been more stable. Overall ARPU per unique customer fell by PLN2.6 q-o-q, though MP attributed this to the acquisitions of regional providers Stream Communications and Diana, and expects ARPU to return to its upwards trend over the following quarters.

Poland, Multimedia Polska