Hungarian fixed and mobile operator Magyar Telekom reported that its total revenue increased by 8.4% year-on-year to HUF175.9 billion (USD487 million) in the first quarter of 2022, supported by strong growth in mobile data and fixed broadband revenues and increased handset sales, offsetting slightly lower voice and system integration/IT turnover. Mobile revenues climbed 11.9% y-o-y to HUF101.1 billion in Q1 2022, as mobile data and handset gains offset declining mobile voice revenue. Fixed network division sales improved 7.0% to HUF57.6 billion driven by broadband and TV services. Q1 EBITDA rose by 23.8% y-o-y to HUF62.1 billion due to improved gross margin and one-time gains on sales from subsidiaries. Quarterly net profit increased by HUF9.3 billion y-o-y to HUF19.3 billion.
The expansion of the Hungarian subscription base continued in the first quarter of 2022: the number of fixed broadband subscriptions increased by 7.3% y-o-y, the number of TV subscriptions by 6.0%, while the mobile SIM base increased by 5.0%, and mobile data usage continued to increase significantly, by 30% year-on-year; average monthly usage reached 8.7GB in January-March.