Polish cableco Multimedia Polska (MP) booked total revenues of PLN178.16 million and PLN685.52 million(USD56.16 million and USD216.08 million) for the three months and year to end December 2012, up 9% and 10% year-on-year respectively. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) were up by 6% for the quarter to PLN92.52 million and increased by 7% to PLN351.38 million for the full year. A 29% y-o-y increase in programming costs, combined with higher network expenses and interest payments saw net earnings for the year drop by 52% to PLN49.03 million for the year.
The operator has registered a steady increase in subscribers, with 826,900 unique customers representing 1.763 million revenue generating units (RGUs) at end-2012. Efforts to drive the uptake of multi-play packages have proved successful, with the company claiming 2.13 RGUs per customer, compared to 2.09 a year earlier. MP had 119,000 triple-play TV, broadband and telephony users (106,000 at end-2011), 284,000 double-play subscribers (243,000) and 424,000 customers signed up to a single service (375,000). However, pricing pressure have caused ARPU per customer to dip from PLN70.4 to PLN69.3.