Subscriber growth stalls at nc+

May 14, 2014 07.34 Europe/London By Chris Dziadul

nc+-logo-redThe Polish DTH platform nc+ ended the first quarter with 2.2 million post-paid subscribers, a figure unchanged on the total three months earlier.

ARPU for nc+ was PLN67.6 (€16.2), up from PLN65.7 in Q4 2013, while revenues in Q1 amounted to PLN532 million.

TVN, which jointly owns nc+, had revenues of PLN352 million in Q1, up 2.5% year on year, boosted by a recovering TV ad market and strong results of its premium TV brokerage operation and non-linear content initiative.

Adjusted EBITDA amounted to PLN87 million, up 2.2% year-on-year, and a net profit of PLN10 million contrasted with a loss of PLN46 million in Q1 2013.