Romania-based Digi Communications has published its financial results for the three months ended 30 September 2022, reporting an 18.9% year-on-year increase in group revenue to EUR385.1 million (USD399.1 million), driven by significant growth in customer relationships across the group. Adjusted EBITDA totalled EUR127.1 million in the reporting period, a 6.4% rise from EUR119.5 million a year earlier, while total operating expenses increased 22.3% to EUR339.3 million, resulting in the group posting a net profit from continuing operations of EUR21.3 million for the quarter, compared with EUR24.9 million in 3Q21.
In operational terms, the group reported a 15% y-o-y rise in total RGUs to 20.074 million at 30 September 2022. Romania continues to be the group’s core market, contributing 15.106 million RGUs in Q3 2022 (up 9.8% from 13.752 million a year earlier), followed by Spain (4.609 million, a 38.7% y-o-y increase) and Italy (359,000, up 15%). The Romanian operation ended the quarter with 5.360 million pay-TV subscriptions (up 6% y-o-y), 4.083 million fixed broadband RGUs (an 11% rise) and 948,000 fixed voice connections (5% lower), while its mobile subscription base grew by 17% to 4.715 million.
Serghei Bulgac, CEO of Digi Communications, commented: ‘We are pleased that we finished this quarter with accelerated service additions and strong results in our largest markets, Romania and Spain. Although the recent developments of the economy have affected us, along with the entire community, our achievements reflect the solid position we have established, over the years, by continuously investing in state-of-the-art infrastructure and technology. We remain committed to expand and improve our service offering across our established markets, as well as beyond.’