Lifecell subscriber base increased to 9.7 millions


lifecell has announced its Q1 2024 results. The company demonstrated a 13.0% year-on-year increase in revenue and a 5.7% year-on-year increase in adjusted EBITDA. In addition, lifecell’s 3-month active subscriber base increased to 9.7 million in Q1 2024.

Financial results

Financial data, UAH million Quarter
1 sq. 23 1 sq. 24 Change
Income from ordinary activities 2,687.4 3,120.5 16.1%
Adjusted EBITDA 1,605.0 1,696.7 5.7%
Adjusted EBITDA margin 59.7% 54.4% (5.3pp)
Profit 515.6 582.7 13.0%
CAPEX 638.0 1,008.2 58.0%

Income from ordinary activities

In Q1 2024, lifecell demonstrated a 16.1% year-on-year revenue growth to UAH 3,120.5 million (Q1 2023: UAH 2,687.4 million).

Adjusted EBITDA and EBITDA margin

In 1Q2024, Adjusted EBITDA increased by 5.7% year-on-year to UAH 1,696.7 million (1Q2023: UAH 1,605.0 million). Adjusted EBITDA margin decreased from 59.7% in 1Q2023 to 54.4% in 1Q2024.


In Q1 2024, capital investments increased by 58.0% year-on-year to UAH 1,008.2 million (Q1 2023: UAH 638.0 million). The growth was driven by investments in energy independence of the company’s equipment, network rollout and replacement of equipment damaged by the Russian military aggression.


lifecell recorded a profit of UAH 582.7 million in Q1 2024 (Q1 2023: UAH 515.6 million).

“The lifecell team has made every effort in recent years to ensure that the company’s development did not stop even in these difficult times of challenges for the whole country. Despite all the challenges of the war, we continued to innovate and improve our services for subscribers,” said Ismet Yazıcı, CEO of lifecell.

In his opinion, lifecell’s financial results for Q1 2024 reflect the effectiveness of the company’s development strategy. At the same time, the company became one of the top 10 largest investors in the Ukrainian economy. In 2023, lifecell’s capital investments exceeded UAH 4.2 billion, and in Q1 of this year the company invested another UAH 1 billion in the Ukrainian economy.

“lifecell will continue to work and do everything to support the country and provide quality services to our subscribers,” said the CEO.

4G сеть от lifecell

Operating results

Operational data, 3-month activity Quarter
1 sq. 23 1 sq. 24 Change
Subscribers, mln. 8.6 9.7 12.8%
MOU, min 163.9 142.3 (13.2%);
DOU, GB 9.8 9.8
ARPU, UAH 104.6 105.1 0.5%


Thanks to the expansion of coverage and attractive tariff offers, lifecell’s 3-month active subscriber base grew by 12.8% year-on-year to 9.7 million in Q1 2024 (Q1 2023: 8.6 million).


In Q1 2024, MOU decreased by 13.2% year-on-year to 142.3 minutes (Q1 2023: 163.9 minutes).


DOU was stable year-on-year and reached 9.8 GB in Q1 2024.


In Q1 2024, ARPU increased by 0.5% year-on-year to UAH 105.1 (Q1 2023: UAH 104.6).


As of Q1 2024, lifecell retained its leading position in terms of smartphone penetration in the Ukrainian market with 83.9% (Q1 2023: 84.6%).


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