Record growth for Optus off the back of EPL

…but sports rights come at a cost

Optus has reported quarterly EBITDA of A$633m, which was affected by device repayment plan service credits and higher costs associated with the launch of Optus Sport.

Optus reported its suite of entertainment content was a key driver of mobile customer growth this quarter:

With its range of offers, including data-free TV and movies, music, and the Premier League, Optus’ branded segment had a record quarter of growth, adding 107,000 postpaid handset customers. Across all business segments, Optus gained 84,000 mobile customers during the quarter, bringing the total mobile base to 9.42m.

Net profit for the quarter was A$184m and free cash flow for the quarter was A$221m.

Allen Lew, Optus chief executive officer, said, “These first half results reflect Optus’ efforts to drive customer growth through differentiated content. Optus has successfully deepened its engagement with customers, achieving a record quarter of customer growth for our branded mobile business, and strong demand for Optus’ unique entertainment content.”

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