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VodafoneZiggo Q3 mobile service revenue climbs 7.2%; Gigabit speeds reach 90% of fixed network

3 Nov 2022

Dutch quadruple-play network operator VodafoneZiggo reported that its total revenue grew 1.0% year-on-year in Q3 2022 to EUR1.033 billion (USD1.020 billion), primarily driven by growth in ARPU, mobile post-paid subscriptions and its B2B fixed network customer base, but partially offset by a decline in its B2C fixed customer base. Mobile service revenue grew 7.2% y-o-y in the quarter, the highest growth in five years, while the group reported net earnings of EUR166.6 million, compared to a net loss of EUR20.9 million in the prior-year period, driven by higher gains on its derivative portfolio and higher operating income, partially offset by higher foreign currency exchange losses and higher income tax expenses. Adjusted EBITDA grew 1.3% y-o-y to EUR496.7 million, largely driven by top line growth and incremental cost efficiency measures, effectively mitigating the impact of cost inflation.

Mobile post-paid ARPU grew 1.7% y-o-y, while post-paid SIMs continued to grow, adding 67,000 SIMs in Q3, of which 30,000 were B2B, to reach an end-September total of 5.131 million. Fixed ARPU grew 1.2% y-o-y, while total fixed internet RGUs (3.3 million), declined slightly by 9,300 in the quarter. B2B internet RGUs continued to record solid growth, with 6,100 added in the three months to end-3Q22. VodafoneZiggo also highlighted that over 90% of its fixed network footprint is now capable of Gigabit speeds, on track to hit the target of 100% coverage before the end of 2022.

Netherlands, VodafoneZiggo

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