DT posts 5.9% rise in Q2 turnover as service revenues jump 10.8%

11 Aug 2022

German telecoms group Deutsche Telekom (DT) has reported net revenue of EUR28.17 billion (USD28.9 billion) for the three months ended 30 June 2022, an increase of 5.9% from EUR26.59 billion in the year-ago quarter, driven by a 10.8% jump in service revenues to EUR22.89 billion. In organic terms (adjusted for exchange rate effects and changes in the composition of the group), revenue remained relatively flat year-on-year. Adjusted group EBITDA totalled EUR11.48 billion in Q2 2022, up 3.5% from EUR10.88 billion in second quarter of 2021. The Bonn-based telco said that reported net profit (including special factors) declined from EUR1.88 billion to EUR1.46 billion, primarily due to higher expenses for the integration of Sprint in the US, while adjusted net profit grew by 15.7% year-on-year to EUR2.45 billion in 2Q22, thanks to higher earnings from operations.

In its domestic market, DT generated total revenue of EUR6.06 billion in the second quarter of 2022, up by 2.7% compared to the year-ago period, while adjusted EBITDA grew 3.1% to EUR2.43 billion. The firm’s German mobile subscriptions reached 54.55 million at 30 June 2022 (an increase of 8.5% y-o-y), of which 23.40 million were post-paid subscriptions. Domestic fixed broadband lines grew 1.9% y-o-y to 14.58 million (of which 10.84 million were fibre-based – VDSL, vectoring and FTTH – lines, up by 8.7%) and pay-TV subscriptions rose 2.7% to 4.04 million.

T-Mobile US ended June 2022 with 110.02 million mobile subscriptions, an increase of 5.0% from 104.79 million a year earlier, with the number of post-paid subscriptions rising 5.9% y-o-y to 88.79 million, corresponding to a record level of 1.7 million contract net additions for Q2. Revenue jumped by 11.9% to EUR18.63 billion and adjusted EBITDA climbed 10.5% y-o-y to EUR6.34 billion. Mobile subscriptions across DT’s European operations rose by 1.5% to 46.46 million, and retail broadband lines and TV subscriptions dropped by 7.5% to 6.52 million and fell by 20.2% to 4.07 million, respectively. Revenue in the Europe segment decreased by 2.7% y-o-y to EUR2.75 billion in Q2 2022, due to the sale of the Romanian fixed network business in September 2021, and adjusted EBITDA declined slightly by 0.8% to EUR986 million.

Germany, Deutsche Telekom (DT), T-Mobile US, Telekom Deutschland