Play boasts the results for the first quarter of 2019. It has - profit and customer base are growing

Play shared just information about its financial results in the first quarter of 2019. We are checking how the purple operator coped at the beginning of the year.

At the end of December 2018, there were 12.654 million customers using the violet network, of which 8.99 million were subscription customers. There were as many as at the end of September 2018. In the third quarter of 2018, the operator escaped 70 thousand. subscribers, but this is a slight decrease, in addition only in the prepaid segment. This type of Play subscribers currently has 3.67 million.

Play: financial results for the first quarter of 2019

How do these numbers look like at the beginning of 2019? The total number of the operator's clients increased to 12.7 million. The share of contract customers also increased (up to 66%), while the churn rate of churn decreased, which remains stable at Play at the level of 0.8%.

Not much changed as far as the average ARPU indicator is concerned (average monthly revenue per one subscriber), which currently amounts to PLN 31.8. The factor that drives the growth of ARPU the most is the so-called multiSIM users (42% of shares, +4.2 pp. y / y). This, of course, translated into an increase in the operator's profit. In the first quarter of 2019, Play's net profit increased to PLN 214 million (+ 39.7% y / y).

Play results do not mean resting on your laurels.

Of course, the boasting of profits is very good, but the clients are much more interested in the operator's investments. And here Play also has something to boast about. Cash investment expenditures amounted to PLN 238 million (+ 31.2% y / y), which resulted from an intense, ongoing investment process (and payment for works performed in the fourth quarter of 2018).

Another important thing is the completion of TV Play Play TV (which is compatible with any network) and its commercial launch in April. I wonder how the new service will affect the operator's annual financial results.

Play boasts the results for the first quarter of 2019. It has - profit and customer base are growing


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