TeleGeography Logo

Magyar Telekom Q1 revenues improve 8.4%

12 May 2022

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.

Hungary, Magyar Telekom

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.