Cyfrowy Polsat growth slows
November 15, 2012
By Chris Forrester
Poland’s pay-TV operator Cyfrowy Polsat saw net subscriber growth of some 5000 homes in its third-quarter year, to 3.558 million.
This modest growth was helped by more significant growth on its additional services. For example, the broadcaster’s internet subscriber numbers grew by 18,000 to 117,300 and mobile telephony subs rose by 3300 to 144,290. All in all these additional services helped push Cyfrowy Polsat’s monthly ARPU up 4.5 per cent to PLN 39.5.
The company’s Q3 revenues grew 4.7 per cent to PLN 644.5 million, with EBITDA up an impressive 31.4 per cent to PLN 257.9 million, helped by a sharp reduction in programming costs. Overall the company moved into a profit of PLN 172.1 million compared to last year’s loss of PLN 62 million.