German telecoms group Deutsche Telekom (DT) has reported net revenue of EUR28.02 billion (USD29.2 billion) for the three months ended 31 March 2022, an increase of 6.2% from EUR26.39 billion in the year-ago quarter. Adjusted group EBITDA totalled EUR11.45 billion in Q1 2022, up 6.9% from EUR10.69 billion in the first three months of 2021. The Bonn-based telco said that reported net profit (including special factors) jumped from EUR936 million to EUR3.95 billion, while adjusted net profit grew 86.3% year-on-year to EUR2.24 billion in 1Q22, primarily driven by the sale of a 50% stake in fibre company GlasfaserPlus to IFM and the completion of the sale of T-Mobile Netherlands. ‘This was a strong start to the new year,’ said CFO Christian Illek, adding: ‘We are continuing to grow on an organic basis and are therefore in a position to raise our guidance for 2022.’ The group now expects to post adjusted EBITDA AL of more than EUR36.6 billion euros in FY 2022, up from the previous guidance of around EUR36.5 billion.
In its domestic market, DT generated total revenue of EUR5.99 billion in the first quarter of 2022, up 0.9% compared to the year-ago period, while adjusted EBITDA AL grew 3.6% to EUR2.39 billion. The firm’s German mobile subscriptions reached 53.97 million at 31 March 2022 (an increase of 9.9% y-o-y), of which 23.17 million were post-paid subscriptions. Domestic fixed broadband lines grew 2.3% y-o-y to 14.53 million (of which 10.58 million were fibre-based – VDSL, vectoring and FTTH – lines, up by 8.5%) and pay-TV subscriptions rose 3.1% to 4.02 million.
T-Mobile US ended March 2022 with 109.54 million mobile subscriptions, an increase of 5.9% from 103.44 million a year earlier, as the number of post-paid subscriptions rose 7.1% y-o-y to 88.42 million. Revenue grew by 9.5% to EUR18.05 billion and adjusted EBITDA AL climbed 8.2% y-o-y to EUR6.17 billion. Mobile subscriptions across DT’s European operations rose slightly by 0.3% to 45.58 million at 31 March 2022, although retail broadband lines and TV subscriptions decreased by 7.8% to 6.45 million and 20.5% to 4.05 million, respectively. Revenue in the Europe segment declined by 0.9% y-o-y to EUR2.70 billion in Q1 2022, although adjusted EBITDA AL rose by 3.2% to EUR976 million.