TV and Freedom boost Sunrise Q3 revenues

13 Nov 2014

Swiss full-service provider Sunrise has attributed a 2.2% year-on-year growth in turnover for Q3 2014 on the success of its ‘Freedom’ wireless tariffs, which separate customers’ service and device costs to provide more flexible and transparent packages. The telco booked total revenues of CHF531.48 million (USD550.62 million) for the three-month period, CHF353.12 million of which was derived from mobile services (+7.0% y-o-y) and CHF50.89 million from fixed internet (up 2.3%). EBITDA grew from CHF170.45 million to CHF181.22 million, whilst EBITDA margin widened to 34.1% from 32.8% in Q3 2013.

Sunrise’s mobile user base grew just 0.1% compared to September 2013, up to 2.496 million, although the mix of users shifted in favour of post-paid subscriptions over that period from 49.4% of its customer base to 52.2%. Mobile ARPU has continued its downward trend however, slipping to CHF37.0 in 3Q14 from CHF39.6 a year earlier. Sunrise points out that this fall is not due to the decoupling of service and device revenues under its Freedom tariffs, noting that for the purposes of comparison, it has factored monthly device payments into its ARPU calculations. Meanwhile, in the fixed broadband segment, Sunrise saw its user base fall 8.0% y-o-y to 325,900 although subscriptions to its pay-TV service, Sunrise TV, increased to 96,800 from 65,600, lifting blended ARPU from CHF42.1 to CHF47.2.

Switzerland, Sunrise Communications (Sunrise UPC)