lifecell mobile operator announces financial and operational results for Q123, demonstrating revenue growth of 16.5% and EBITDA growth of 24.2% on a yearly basis. lifecell three-month active subscribers base declined to 8.6 million because of the ongoing war.
| FINANCIAL HIGHLIGHTS | |||||
| Q122 | Q422 | Q123 | y/y% | q/q% | |
| Revenue (million UAH) | 2,306.8 | 2,606.8 | 2,687.4 | 16.5% | 3.1% |
| EBITDA (million UAH) | 1,292.4 | 1,505.6 | 1,605.0 | 24.2% | 6.6% |
| EBITDA margin (%) | 56.0% | 57.8% | 59.7% | 3.7pp | 1.9pp |
| Net income (million UAH) | 209.4 | 408.8 | 515.6 | 146.2% | 26.1% |
| Capex (million UAH) | 711.6 | 997.4 | 638.0 | (10.3%) | (36.0%) |
REVENUE: In Q123 lifecell demonstrated revenue growth of 16.5% YoY to UAH 2,687.4 million against UAH 2,306.8 million in Q122.
EBITDA & EBITDA MARGIN: In Q123 EBITDA increased by 24.2% YoY to UAH 1,605.0 million from UAH 1,292.4 million in Q122 resulting in an EBITDA margin of 59.7% in Q123 compared to 56.0% in Q122.
CAPITAL EXPENDITURES: In Q123 CAPEX decreased by 10.3% to UAH 638.0 million against UAH 711.6 million in Q122.
NET INCOME: lifecell recorded a net income of UAH 515.6 million in Q123 compared to a net income of UAH 209.4 million in Q122.
| OPERATIONAL OVERVIEW | |||||
| Q122 | Q422 | Q123 | y/y% | q/q% | |
| Number of subscribers (million) | 10.2 | 10.2 | 10.8 | 5.9% | 5.9% |
| Active (3 months) | 8.9 | 8.5 | 8.6 | (3.4%) | 1.2% |
| MOU (minutes) (12 months) | 170.0 | 148.0 | 133.5 | (21.5%) | (9.8%) |
| ARPU (Average Monthly Revenue per User), blended (UAH) | 75.6 | 86.0 | 85.1 | 12.6% | (1.0%) |
| Active (3 months) (UAH) | 84.3 | 104.5 | 104.6 | 24.1% | 0.1% |
SUBSCRIBER BASE: lifecell’s 3-month active subscriber base declined in Q123 by 3.4% YoY to 8.6 million (8.9 million in Q122). At the same time it increased by 1.2% in Q123 compared to previous quarter.
ARPU & MOU: In the reported period 3-month active ARPU increased by 24.1% YoY to UAH 104.6 against UAH 84.3 (Q122). Meanwhile, the 12-month MoU decreased by 21.5% YoY to 133.5 minutes (170.0 minutes in Q122).
lifecell network is fully operational, the operator continues to provide services to its customers. On average, approximately 92% of lifecell stores nationwide were open daily as of the end of March. As of Q123, lifecell maintained its leadership in the Ukrainian market with 84.6% smartphone penetration.
